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.
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
Kris Hudson / The Wall Street Journal / May 15, 2013
Many housing observers agree that Generation Y—people from 18 to 34 years of age—largely prefers downtown living, often in rental apartments with easy access to walkable neighborhoods and public transportation.
The real question is whether they’ll outgrow those tastes once they earn higher salaries and have kids.
The Urban Land Institute, or ULI, the land-use association that long has championed dense development over sprawl, this week plans to release the results of a survey of generational housing preferences, highlighting those of Generation Y. The survey, to be released atRead More
Mary Ellen Biery/ Forbes / May 12, 2013
Private companies working on everything from the foundation to the roof of buildings are generating double-digit sales growth as the construction sector strengthens, according to data from Sageworks, a financial information company.
The majority of U.S. construction companies are privately held, so their performance is critical to the overall industry and the economy. The Private Company Report by Sageworks, a monthly update on the health of private companies in America, shows that several categories of construction posted mid-teen percentage sales increases in the 12 months endedRead More
Redfin Bidding War Report Shows Early Signs of a Cooling Real Estate Market in Some Cities While Competition Intensifies in Others
Rachel Musiker / Redfin / May 10, 2013
Seventy-three Percent of Home Offers Faced Competition in April, the Lowest Level this Year
Welcome to Redfin’s latest in real estate analysis—the Bidding War Report. The data for this report are based on Redfin’s Offer Insights, statistics compiled from more than 2,000 offers written each month by Redfin agents for Redfin’s home-buying clients.
In April, 73 percent of the offers Redfin agents wrote faced competition. That percentage, which peaked in February with 79 percent of offers facing competition, has been shrinking for the last two months. The market is undeniably hot,Read More
John McManus / BUILDER / May 1, 2013
This week’s two key housing benchmarks, Pending Home Sales as released by the National Association of Realtors on Monday, and yesterday’s Case-Shiller home price index individually and together speak to a housing market on the mend.
Pending homes sales count contracts and look forward to completions of home sale transaction at the closing table. Case-Shiller numbers look backwards at a previous three-month period, ending in February of this year, and track the trend line of prices in major buckets of 10- and 20-cities.
Clearly, home builders have liked what’s been happening,Read More