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 Emrath / Eye On Housing / August 14, 2014
Housing affordability dipped slightly in the second quarter of 2014 as several markets saw a firming of home prices, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI). Nationwide, the second quarter HOI was 62.6—i.e., 62.6 percent of new and existing homes sold during the quarter were affordable to a family earning the U.S. median income of $63,900—down about three percentage points from the first quarter reading of 65.5.
The latest readings reflect a slow but steady march toward historically normal appreciation and interest rates, producing an HOIRead More
Brad Hunter, chief economist of housing-research firm Metrostudy in Palm Beach Gardens, Florida, says data collected by his company “flies in the face” of government statistics that showed weak housing starts in the second quarter. Hunter talks with Bloomberg’s Tom Keene and Michael McKee on Bloomberg Radio’s “Bloomberg Surveillance.”Read More
John McManus / Builder / July 21, 2014
A new Pew Research study turned heads last week, and you can understand why. The study looks at household composition, and specifically at the eye-popping increase over the past 34 years in households that host multi-generational family members. The number doubled since 1980, from 28 million to 57 million–or upwards of one in five U.S. households, which is probably one of the most dramatic household demographic shifts since the era of the two-income household.
The Pew analysis, plus day-after reports in the Wall Street Journal by Laura Meckler, here, and Bloomberg/ BusinessWeekRead More
Eric Allen / Metrostudy Report / July 18, 2014
In a volatile housing market, uncertainty tends to creep into the decisions made within the homebuilding industry. Questions such as, “Is now the right time to deliver lots into the market?” … Or, “With the current level of home inventory in our competitive trade area, how will this impact my pricing power?” Managing unknowns and uncertainty is an important aspect of most significant decisions. However, indecisiveness in the midst of dramatic market swings can have damaging consequence leading to the ignoring of apparent and broad market trends.
Understanding and monitoringRead More
John McManus / BUILDER / July 7, 2014
After this past Thursday’s upbeat June employment report from the Labor Department, it’s only right that we begin looking more carefully at the correlations between job formations and housing’s on-going recovery.
Have a look first at Wall Street Journal staffer Kathleen Madigan’s “5 Takeaways from the June Employment Report,” to get bearings around the good, the bad, and the still-ugly parts of America’s jobs picture.
Among the encouraging trends below the headlines includes the fact that wage growth suggests that household incomesRead More