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.
BUILDER / May 2, 2013
As Congress debates a bill to overhaul the nation’s immigration policy, much of the public has yet to form an opinion about the legislation. For home building and residential development, the issue is freighted, particularly as growing home buyer demand pressures skilled labor capacity. The other signal issue: future home buyer demand as immigrants navigate from residency to citizenship. Markup for the Senate bill. entitled Border Security, Economic Opportunity and Immigration Modernization Act of 2013, starts May 9. Proposed guest worker limitations on an industry-to-industryRead More
Meg Handley / US News & World Report / April 26, 2013
First-time homebuyers are crucial to any housing market, not least because they allow existing homeowners to move out of starter homes and into their next place, keeping the real estate cycle moving.
“First-time homebuyers are a catalyst for the rest of the market,” says Cara Ameer, a Florida-based broker associate and realtor with Coldwell Banker. “They’re really the domino that triggers other buyers–they have a contagion effect.”
But a variety of factors are keeping homeownershipRead More
Michael Morris / ECOHOME / April 3, 2013
Three recent studies that address the advantages of energy efficiency as it relates to home ownership could have a significant impact on the way buyers finance home purchases in the near future. The studies, all released in March, point to a convergence among thought leaders in the financial, energy, and homebuilding industries, and may provide needed momentum for current efforts to change mortgage lending practices to include energy-related improvements.
Vision 2020 Economics + Financing Chair Robert Sahadi said the studies together are a cause for optimism that federal regulatorsRead More
Alison Rice / BUILDER / April 19, 2013
Builders looking for an edge against the existing-home market in their areas may want to check out a new “home improvements” infographic from the U.S. Census Bureau.
The infographic, which is based on data collected through the American Housing Survey, breaks out the median spent by homeowners for common home improvements such as a bathroom or kitchen update, new windows, and more in an appealing and easy-to read format.
Overall, 57% of the country’s 43.7 million homeowners made an improvement to their house between 2009 and 2011, according to the Census Bureau. That adds up to a totalRead More
Richard Florida / The Atlantic / April 23, 2013
Home ownership is a well-entrenched component of the American dream. But, that may well be changing, according to a major survey released earlier this month from the MacArthur Foundation.
For a majority of Americans today, renting is a viable path to achieving their version of the American dream, the study finds.
The report [PDF], entitled How Housing Matters: Americans’ Attitudes Transformed By The Housing Crisis & Changing Lifestyles, was carried out for the foundation by Hart Research Associates. It is based on telephone interviews with 1,433 adults conducted betweenRead More