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.
Brad Hunter / Metrostudy / June 16, 2015
June 16, 2015 – The government’s June report on housing starts showed an 11.1% decline, but that was on the heels of an incredibly strong report the previous month.
We at Metrostudy have just completed another complete count of builder activity and new-home supply in markets all around the nation, and it provides strong quantitative evidence that the demand for new homes is still recovering, albeit slowly. Furthermore, builders in most markets are confident that this slow-motion rebound will continue. That is why builder confidence has improved and lot development is up 21.5% comparedRead More
Brad Hunter / BUILDER / May 19, 2015Read More
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