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.
Eye on Housing Blog / NAHB / March 19, 2014
As the unusually cold winter continued in many parts of the country, March builder confidence remained steady. The NAHB/Wells Fargo Housing Market Index came in at a level of 47, one point lower from February’s 46. Ongoing weather challenges and increasing concern among builders about supply chain issues have held builder confidence down in recent months.
Census reported housing construction starts were virtually unchanged from slightly upwardly revised January figures. Total housing starts were 907,000 on a seasonally-adjusted annual basis, nearly identical to 909,000 inRead More
Brad Hunter / Metrostudy / February 13, 2014
Metrostudy has just completed its comprehensive year-end 2013 nationwide research. This research note summarizes the high-level findings that have come back from the field. The research is at the subdivision level, where Metrostudy’s field researchers count activity on the ground, lot by lot and house by house. Metrostudy counts actual starts, inventory, lot supplies, move-ins and other key statistics every quarter in 30,000 subdivisions nationwide. The company deploys a team of 350 trained researchers to count every start, lot, and inventory home in every subdivisionRead More
Jonathan Smoke / HW.com / January 27, 2014
The Commerce Department reported preliminary data on December new home sales this morning. Economists had been expecting a decline of 2% from the 464,000 rate initially reported for November. Instead, the December number came in at 414,000, a decline of 7% from a revised November rate of 445,000.
The initial reaction from analysts and journalists was that this was affirming the view that the housing market weakened in the fourth quarter, presumably from higher mortgage rates and a colder than normal December. While published mortgage rates were indeed higher in December (averageRead More
Frank Anton / BUILDER magazine / December 5, 2013
When the recession hit Naples, Fla., a high, high end resort/second home community, housing prices there dropped up to 50% and housing activity didn’t just drop it vaporized. But, last week, when I was driving down the main beachfront roadway in Naples, this is what I saw: scores of pickup trucks and no fewer than a dozen new homes under construction ranging in price from $10-million to $25-million .
I’ve never seen such a concentration of super expensive housing activity. It seemed to me a sign that the rich are getting richer…not to mention hundreds of probably previouslyRead More
Brad Hunter / Metrostudy / October 30, 2013
Construction markets are showing signs of building momentum nationwide. Inquiries with architecture firms are up, construction spending is up, and inventories of new homes are dwindling but demand continues to rise. So what’s stopping you from diving in and taking your business to the next level?
If you’re like everyone else, you’re probably skiddish about the stability of the market. You’re still aching from the hangover of the recession. What’s going to get you back in the saddle? Metrostudy’s Brad Hunter spoke with HW.com about the lessonsRead More