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.
John Crosby / HW.com / December 18, 2013
The U.S. Census Bureau and the Department of Housing and Urban Development jointly announced the following new residential construction statistics for November 2013:
Privately-owned housing units authorized by building permits in November were at a seasonally adjusted annual rate of 1,007,000. This is 3.1 percent (±1.1%) below the revised October rate of 1,039,000, but is 7.9 percent (±1.6%) above the November 2012 estimate of 933,000.
Single-family authorizations in November were at a rate of 634,000; this is 2.1 percent (±1.1%) above the revised OctoberRead More
Jonathan Smoke and Brad Hunter / Metrostudy / December 18, 2013
From Hanley Wood’s Chief Economist, Jonathan Smoke:
Today new housing starts were released by the U.S Department of Commerce for September through November following the delay in data releases created by the October shutdown. Following the last revision of August housing starts at a seasonally adjusted annual rate of 883,000, there was a slight decline seen in September of 1% but starts have since been on the rise for the two most recent months. October starts showed a modest increase over September to reach 889,000 starts while November saw significant gains with starts over one millionRead More
NAHB Eye on Housing Blog / December 5, 2013
The NAHB/First American Leading Markets Index rose slightly to .86 in December index from .85 in the November index. The index measures progress back to and beyond the normal level of economic and housing growth. In addition to the national index, the release also lists the value of progress toward normal for 351 metropolitan areas.
In December, 54 metros were at or above a value of one meaning those markets had returned to or were above their last normal levels of single-family housing permits, home prices and employment. For purposes of this index, the last normal period was 2000- 2003Read More