News & Opinions
The latest news and insights from Hanley Wood’s outspoken experts and key thought-leaders throughout the residential and commercial design and construction industry.
Paul Takahashi / Houston Business Journal / May 29, 2015
Houston homebuilders are preparing for a wave of Millennial buyers to enter the housing market in the coming years.
Millennials — those between 20 and 37 years old — have long delayed homeownership. Housing experts attribute this trend to myriad reasons, including student loan debt, the recession and a national movement toward city living.
However, economists predict Millennials — the largest generation in American history — will begin to buy homes en masse over the next five years.
Skyrocketing apartment rents are pushing more Millennials into homeownership, and as more MillennialsRead More
Dionne Searcey / The New York Times / February 24, 2015
The spacious new homes that Toll Brothers, one of the nation’s top builders, is constructing on 463 acres 30 miles west of downtown Philadelphia may represent just one small slice of new-home construction, but they also tell a larger story of an economy that is increasingly driven by the needs and desires of the nation’s most affluent consumers.
“There are big barriers to homeownership for lower-income households,” said Jed Kolko, chief economist at Trulia, an online real estate company. “More homes have been selling in the million-dollar-plus range as the economy has recovered,Read More
John McManus / BUILDER / February 9, 2015
It’s time to ask, is the new “starter” home history?
It’s at least an endangered species.
Why? How could such a quintessential bastion of contemporary American housing, the literal deed and doorway from fantasy-land pining to the American dream, fall into question? Entry-level gave meaning to what American society uniquely offered people who “wanted in” on a path to relative wealth, a foot in the door of full-recognition and belonging in communities. Entry-level was the “there” that many people worked and worried and dreamed of getting.Read More
Suzanne Shelton / BUILDER / November 25, 2014
Have you ever been at a dinner party and the person next to you starts telling you what they do for a living, and before you know it you have no idea what they’re actually talking about, but you just keep nodding politely, smiling and saying, “u-huh” in all the appropriate places?
That’s what most Americans are doing when you’re talking to them about energy efficiency and sustainability. And that’s a shame because there’s a REAL opportunity for you in selling more efficient, greener homes. Let’s start there, and then we’ll dive into how to change the language.
In our just-publishedRead More
Diana Olick / CNBC / April 4, 2014
More potential buyers are out trolling the nation’s neighborhoods for their dream homes. Unfortunately, they are finding little to look at and, even worse, they are finding higher prices than they expected.
“People quite frankly came out and got sticker shock because they’re coming out to shop now, or they came out in January and February to shop, and they picked up the price sheet and saw, ‘Wow that’s way more than I thought’ because home prices had gone up so much in 2013,” said Brad Hunter, chief economist at Metrostudy.