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.
Jonathan Smoke / Hanley Wood / March 20, 2014
Economists were expecting another slight decline in existing home sales in February. The report this morning from the National Association of Realtors (NAR) set the initial February reading at 4.60 million, a decline of 0.4 percent. No one should fear this as a harbinger of housing deteriorating—it’s actually a reflection of the existing home market getting better.
But better is not necessarily bigger. Better is a result of having more of what we want to see and less of what we don’t want to see. While the overall volume is declining slightly, we are seeing that outcome as a resultRead More
New Coverage to Benefit Housing Industry Leaders in Pacific Northwest
February 19, 2014 (Houston) – Metrostudy, a Hanley Wood company, announced today that it is expanding its housing research operations to include the greater Seattle market. The move is part of Metrostudy’s continuing plans to expand its national coverage and enhance its existing analysis of the Seattle region. Seattle area builders, developers, lenders, and building product manufacturers will now have access to Metrostudy’s lot-by-lot, project-by-project research methodology.
“With four decades ofRead More
Jonathan Smoke / Metrostudy / November 12, 2013
Hanley Wood Chief Economist Jonathan Smoke delivers a deep analysis of the current state of the homebuilding and remodeling markets; offers a forecast for the remainder of 2013; and provides an outlook on the 2014 market.Read More
David Crowe / NAHB / October 3, 2013
Recent data concerning consumer and builder confidence suggest that at the end of the summer a pause occurred with respect to economic improvement. Adding to this is the uncertainty associated with the shutdown of the federal government. Besides the direct impact from lost or delayed government services, the shutdown is also a warning concerning the impending political debate regarding the debt ceiling, an issue which could have significantly larger economic impacts, including higher interest rates.
Direct impacts from the ongoing shutdown include possible delays in FHA-insured single-familyRead More
Michael Neal / NHAB / October 3, 2013
Today, NAHB hosted its Fall Construction Forecast Webinar (CFW) featuring three renowned industry experts. NAHB Chief Economist David Crowe was joined by Mark Zandi, Chief Economist at Moody’s Analytics, and NAHB Senior Economist Robert Denk to present views on the outlook for the US economy and the housing market more specifically.
Here are the major points from today’s presentation:
David Crowe, Chief Economist at NAHB, noted that economic growth is expected to accelerate over the coming years and recent growth has reflected improvement in the housing market. At the same time, employmentRead More