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.
NAHB Eye on Housing Blog / October 7, 2013
Housing markets in 52 out of the approximately 350 metro areas nationwide have now returned to or exceeded their pre-recessionary levels of activity, according to the new National Association of Home Builders/First American Leading Markets Index (LMI).
The index’s nationwide score of .85 indicates that, based on permits, prices and employment data, the nationwide housing market is running at 85 percent of normal activity.
Baton Rouge, La., tops the list of major metros on the LMI, with a score of 1.41 – or 41 percent better than its last normal market level. Other major metros at the topRead More
Forbes / July 26, 2013
Fitch Ratings compiled Forbes‘ list of the five most overvalued and five most undervalued housing markets, broken down as Metropolitan Statistical Areas, in the U.S. based on its quarterly Sustainable Home Price model.Read More
Brad Hunter / Metrostudy / June 3, 2013
A year ago, if you made a list of residential real estate’s 10 most stunning developments and trends, few–if any–of Metrostudy chief economist Bradley Hunter’s observations would have made the list:
- Prices of “A” location lots in several markets are back to PEAK!
- Some submarkets in Atlanta have gone from 220 months of lot supply (“VDL”) to near equilibrium levels, and are now headed to shortage!
- Builders are deliberately slowing sales by raising prices, in popular neighborhoods!
- Buyers are voting with their pocketbooks that 15%-20% price increases
Ryan Chittum / Columbia Journalism Review / May 30, 2013
Hysteria in pockets of the press over a long-awaited recovery
The top story in all the major papers on Wednesday was news that home prices jumped 11 percent in the first quarter from a year ago, further confirmation that the housing recovery is underway in earnest.
The double-digit home-price increases and return of bidding wars have led to an awful lot of “bubble” talk lately.
Gawker declared yesterday that “The Next Housing Bubble Is About To Pop All Over You.” Gawker doesn’t quite grasp that soaring prices in Silicon Valley and San Francisco are being driven by a flood of newly mintedRead More
Kathleen Hays and Vonnie Quinn / Bloomberg Radio / May 29, 2013
Brad Hunter, chief economist at Metrostudy, says homebuilders are selling move-up homes. Hunter says the market for starter homes is still weak as potential buyers continue to struggle with bad credit. Hunter talks with Bloomberg’s Kathleen Hays and Vonnie Quinn on Bloomberg Radio’s “The Hays Advantage.”Read More