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.
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
Tim Reid / Reuters / May 28, 2013
The recovery in the housing market is showing a pattern far different from what followed previous downturns, experts say, suggesting that the dramatic price gains of recent months may not be sustainable.
The surge in home prices, seen most recently in the Standard & Poor’s/Case-Shiller home price index released on Tuesday, is at least in part a function of record-low interest rates, extraordinarily low housing supply, and record-high volumes of investor money pouring into single family homes, analysts say.
That means that market fundamentals may not be as healthy as the headlineRead More
Nick Timiraos / The Wall Street Journal / May 22, 2013
The housing market may finally be leaning on the economy’s gas pedal—but it’s also keeping a foot on the brake.
Those expecting a quick return to the “virtuous cycle” by which rising prices, home sales, and housing construction feeds further consumer spending will have to wait until Americans feel more comfortable borrowing and until banks feel more comfortable extending credit, according to new commentary published by analysts Joshua Anderson, Emmanuel S. Sharef, and Grover Burthey at Pacific Investment Management Co., or Pimco, a unit of Allianz SE.
The Pimco strategistsRead More
Stephen Melman / NAHB / May 22, 2013
Existing home sales increased 0.6% in April from an upwardly revised level in March, and were up 9.7% from the same period a year ago. The National Association of Realtors (NAR) reported that April 2013 total existing home sales were at a seasonally adjusted rate of 4.97 million units combined for single-family homes, townhomes, condominiums and co-ops. That compares to 4.94 million units in March, and 4.53 million units during the same period a year ago. All regions were up from a year ago, ranging from 14.9% in the South to 4.3% in the West. For the current month, the only decrease was 3.4% in theRead More
Mamta Badkar / Business Insider / May 20, 2013
National home prices are down 29.1% since their Q1 2006 peak.
But over the next five years they are expected to rise 3.9%, according to the latest CoreLogic Case-Shiller report.
We drew on the latest data to identify the best housing markets for the next five years.
The top 15 cities are ranked by the projected annualized change in home prices between Q4 2012 and Q4 2017.
We also included the median home price, median household income, unemployment rate, and the change in home prices since their peak, to offer a broader view of the local economy and housing market.
Note: The median family income andRead More