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.
Shelley D. Hutchins / Builder / June 30, 2014
Higher mortgage rates and a harsh winter slowed down single-family housing starts and sales in the past year. The lack of for-sale homes, both new and existing, is driving prices up, which has resulted in many homeowners gaining needed equity and reduced delinquency rates. However, the number of distressed houses is still high. According to experts from Harvard’s Joint Center for Housing Studies (JCHS), who discussed these topics and more in a live webcast presenting the annual State of the Nation’s Housing report, millennials, minority households, baby boomers, and relaxed creditRead More
Floyd Norris / New York Times / May 30, 2014
ONE way to tell the housing market is beginning to show signs of health would be that builders of new homes are selling more houses than banks do.
We are not there yet, but the gap is narrowing, even as overall home sales slow.
According to calculations by Hanley Wood, a real estate research firm whose Metrostudy division studies deed transfers in about 95 percent of the United States, the areas it covered reported sales of about 74,000 new single-family homes in the first quarter of this year. During the same period, banks sold about twice that number of homes.Read More
National Association of Home Builders / May 8, 2014Read More
John McManus / BUILDER magazine / December 11, 2013
Toll Brothers net income for Q4 was just shy of a nice round $100 million. It’s full fiscal year and fourth quarter earnings release blasted this morning to a chorus of kudos from home building company equity analysts. Here’s the link to Wall Street Journal staffer Ben Fox Rubin’s take on the earnings report (paywall).
Our preliminary take-away is this. Toll Brothers management and team held a clinic on how to manage their enterprise, given the opportunities that surfaced early last year and crescendoed this past Spring. It’s an organization that knowsRead More