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.
Michael Neal / Eye on Housing / June 19, 2015
According to data compiled by the European Mortgage Federation from Eurostat, supplemented by more recent data from Eurostat, the majority of European countries, the 28 countries in the European Union, have owner-occupancy rates that exceed the homeownership rate in the United States. The owner-occupied rate is proportion of all dwellings, owner- or renter-occupied that are owner-occupied. Eurostat is a branch of the European Commission tasked with providing statistical information to seven principal bodies of the European Union. These seven bodies are the European Parliament,Read More
Josh Miller / Eye On Housing / September 10, 2014
A record number of millennials, individuals aged 18 to 34 years, are delaying household formation. This Great Delay, instead of the forbearance of impending doom, may actually be a sign of prudent economic decision making from a generation coming of age during turbulent economic times. Instead of forming a household, many have enrolled in college or stayed in school to pursue a college degree. This personal investment has short-run and long-run implications of great interest to the housing market.
When young Americans delay household formation, they often delay renting or buying aRead More
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