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.
CCTV America / June 27, 2013
CCTV AMERICA’s Phillip Yin is joined by Brad Hunter, director of Metrostudy National, to talk about the recovering US housing sector and what the rising prices and mortgage rates mean for investorsRead More
Ylan Q. Mui / The Washington Post / June 26, 2013
The Federal Reserve is becoming concerned that the recent spike in interest rates could disrupt the rebound in the housing market and force the central bank to delay plans to scale back its multibillion-dollar economic stimulus.
The Fed believes the economy eventually will be strong enough to handle a pullback in stimulus, likely in the fourth quarter. But a prolonged rise in interest rates for mortgages and other loans would become a key factor in the central bank’s decision.
Chairman Ben S. Bernanke said last week that the Fed is monitoring these rates but expressed hope that consumer confidenceRead More
Joint Center for Housing Studies of Harvard University / June 26, 2013
Driven by rising home prices and growing demand, the U.S. housing recovery is well underway, concludes The State of the Nation’s Housing report released on June 26, 2013 by the Joint Center for Housing Studies of Harvard University. While still at historically low levels, housing construction has finally turned the corner, giving the economy a much-needed boost. But even as the recovery gains momentum, millions of homeowners are still delinquent on their mortgages or owe more than their homes are worth, and severe housing cost burdens have set a new record.Read More
John Caulfield / BUILDER / June 26, 2013
Joint Center for Housing Studies report shows housing is bouncing back, but the question remains: are builders building to a market that is more imagined than real?
The long-awaited housing recovery finally may have arrived last year, but homeownership continued to decline, despite record-low interest rates and escalating home values. And while new-home construction is bouncing back, the question remains whether builders are building to a market that is more imagined than real in its growth potential.
Those are some conclusions Builder drew from the Harvard University Joint CenterRead More
Shalia Dewan / The New York Times / June 25, 2013
Mortgage rates may be inching up, but they have not put a damper on the American housing market’s rebound.
The Standard & Poor’s Case-Shiller home price index on Tuesday showed a 12 percent increase in prices in 20 cities from April 2012 to April 2013, the largest gain since early 2006, when home values began to level off in advance of the market collapse. The rate of new-home sales also picked up to its quickest pace since July 2008.
The gains added to months of stronger showings in housing, a market that can infuse the economy with spending on big-ticket items like furniture and dishwashers.Read More