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.
NAHB / Eye on Housing Blog / March 13, 2014
The future of the housing finance system is a key issue for the housing industry as well as the economic makeup of the middle class, given the importance that housing wealth and access to rental housing plays in our economy. These factors and the policies that shape them are of such significant importance that this topic has been selected as a primary issue for NAHB’s 2014 legislative conference, “Bringing Housing Home,”which takes place March 17-21 as home builders and other members of the residential construction industry meet federal lawmakers. As part of this event,Read More
Eye on Housing / NAHB / November 14, 2013
Strengthening house prices and increased interest rates in metros across the country contributed to lower housing affordability in the third quarter, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI).
In all, 64.5 percent of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $64,400. This is down from the 69.3 percent of homes sold that were affordable to median-income earners in the second quarter, and the biggest HOI decline since the second quarterRead More
National Association of Home Builders / November 5, 2013
The homeownership rate remained unchanged at a seasonally adjusted reading of 65.1% during the third quarter of 2013 according to Census data. The reading is below its 20-year historical average of 66.9% and 4.3 percentage points below the peak reading of 69.4% in the second quarter of 2004. However, the flat reading follows three consecutive quarters of decline.
Homeownership increased over the second quarter of 2013 for all age groups except households headed by those aged between 55 and 64 years, who saw a decline of 0.5 percentage points. For the most recent reading, the largestRead More
Emily Badger / The Atlantic Cities / July 11, 2013
The Census Bureau released additional data Thursday from the 2011 American Housing Survey, an in-depth snapshot taken every two years of the types of homes we keep, how we pay for and heat them, even how many of us have fireplaces that are actually “usable” (among homeowners, it’s 46 percent). Nationwide, the median monthly mortgage paid in 2011 was $1,015, which sounds like a steal if you live in New York, or a ripoff if you make your home in Pittsburgh.
The data is particularly interesting for what it reveals about the stark differences between housing markets depending onRead More
Jed Kolko / Trulia / July 10, 2013
Rising mortgage rates are the top worry for people thinking of buying a home someday, and 56% of Americans say they would be discouraged from homeownership if rates reach 6%. But pay more attention to what consumers do than what they say.
After years of low-and-lower mortgage rates, the 30-year fixed rate shot up from a near-historic-low of 3.35% in early May to 4.46% in late June before settling back to 4.29% last week, according to Freddie Mac. The rate increase was sudden and steep, but not a surprise. Economists and forecasters have been waiting for rates to go up for two reasons: (1) the