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.
Charlotte O'Malley / BUILDER / September 30, 2013
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According to Metrostudy’s active new home survey data, the five fastest-growing metros have experienced over 10,000 new home starts. As Metrostudy points out in their blogpost “A Housing Dimension to Forbes’ Recent Projection,” it’s noteworthy that the top three markets experiencing new home growth are included in a recent Forbes article listing top markets for expected job growth annually. Here are the markets that overlap:Read More
NAHB / August 27, 2013
According to the Current Population Survey (CPS) conducted by the U.S. Census Bureau in 2012, 35.3 million individuals moved within the United States. This increase in moves is an important component of pent-up housing demand.
An individual is classified as a mover if the place of residence at the March survey differs from the place of residence one year earlier. In 2012, nearly 12 out of every 100 Americans moved. The share of the population that moved within the U.S. increased from 11.3% to approximately 11.6%. The 2012 estimate represents an increase of nearly four percent or 1.3 million moreRead More
The New York Times / August 12, 2013
In a speech in Phoenix last Tuesday, President Obama finally entered the debate over the future of United States housing policy. But his talking points offered few details about how to reduce the government’s giant footprint in the mortgage market.
Mr. Obama vowed to keep mortgage costs affordable for first-time home buyers and working families, pleasing those who think that the government should have a large role in this arena. His call for investment in rental housing was a welcome change from past mantras that focused solely on increasing homeownership across the country.
NAHB / August 8, 2013
August 8, 2013 – Builder confidence in the 55+ housing market for single-family homes showed strong continued improvement in the second quarter of 2013 compared to the same period a year ago, according to the National Association of Home Builders’ (NAHB) latest 55+ Housing Market Index (HMI) released today. The index increased 24 points to a level of 53, which is the highest second-quarter number since the inception of the index in 2008 and the seventh consecutive quarter of year over year improvements.
“Builders and developers for the 55+ housing sector are feeling optimisticRead More
Tim Ellis / Redfin / August 5, 2013
Speed Comparable to February 2013
The percentage of homes that went under contract within two weeks decreased from 31.9 percent nationwide in May to 30.5 percent in June as inventory growth continued to ease the pressure on buyers to act fast. Although the market now slowed two months in a row, it was still faster in June than it has been in years. A year ago only 23.2 percent of homes were under contract in less than two weeks—two year ago it was just 14.3 percent.
“Bay Area listings are now getting significantly fewer offers than just a couple of months ago, but homebuyers are still acting quicklyRead More