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.
Erin Carlyle / Forbes.com / February 18, 2015
Housing starts (groundbreakings) dropped to a seasonally adjusted, annual rate of 1.065 million, below December’s downwardly revised estimate of 1.087 million. Still, last month’s rate was 18.7% above the 897,000 annual pace for January 2014, and in line with the expectations of economists surveyed by Bloomberg ahead of the release.
January’s numbers kept up a strong trend in multi-family housing, with builders continuing to betRead More
Brad Hunter / BUILDER / December 16, 2014
There was no evidence of a strong pickup in home construction in the final months of 2014. According to the Census Bureau data released this morning, housing starts in November were at a seasonally adjusted annual rate of 1,028,000. According to the Bureau, this is 1.6 percent (±8.1%) below the revised October estimate of 1,045,000 and is 7.0 percent (±10.2%) below the November 2013 rate of 1,105,000.
Single-family housing starts in November were at a rate of 677,000; this is 5.4 percent (±8.1%) below the revised October figure of 716,000. Lot shortages are holding back productionRead More
David Crowe / Eye on Housing / October 17, 2014
The September housing construction report from Census Bureau and HUD rebounded from the unusually low August level and returned to the slow but steady path expected. Total starts rose just above 1 million for the third time in 2014 to an annual level of 1,017,000. Single-family starts increased slightly to 646,000 establishing a third quarter average of 646,000, a 3.4 % increase over second quarter. Regionally, single-family starts were up in the Midwest and West and offset by smaller declines in the Northeast and South.
Multifamily starts (units in buildings with two or more units) increasedRead More
Brad Hunter / Builder / October 17, 2014
Housing starts rose by 6.3% in September, which places activity 17.8% above September of last year, according to the government report just released at 8:30.
Metrostudy’s view about the housing recovery remains unchanged. The total for 2014 will be little changed from 2013, but activity should increase in 2015.
The Top 4 Obstacles
There are still people who *should* be able to get mortgages who cannot (particularly those who work on commissions or bonuses, or are self-employed).
They have yet to help household formation rates, because those
Robert Dietz / Eye on Housing / September 22, 2014
A recent survey of younger Americans illustrates that the goal of homeownership remains an important part of the American Dream.
The economic future of Millennials is key to the future of housing demand. A record number of individuals aged 18 to 34 years are delaying household formation as a consequence of the Great Recession. In a recent post, we referred to this situation as the Great Delay, as slow wage growth and rising student loan burdens have reduced attainment of traditional goals associated with the American Dream, including marriage and homeownership.
An important researchRead More