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.
Jonathan Smoke / Metrostudy / August 16, 2013
The Commerce Department reported their initial read on new construction this morning: total permits were at a seasonally adjusted annualized rate (SAAR) of 943,000 in July, which represented a 2.7% increase over the upwardly revised June rate. Total starts were at rate of 896,000 in July, which represented a 5.9% increase over the revised June rate. Both series’ totals were roughly in line with consensus expectations, which were fairly lofty mainly because last month’s report showed declines driven mainly by the smaller and more variable multifamily sector.
Wall StreetRead More
David Crowe / NAHB / February 6, 2013
The number of improving housing markets expanded for a sixth consecutive month to a total of 259 metropolitan areas on the National Association of Home Builders/First American Improving Markets Index (IMI). This total is up from 242 markets listed as improving in January.
Notably, the IMI list now contains markets from all 50 states, suggesting that the housing recovery has substantial momentum.
The IMI identifies metro areas that have shown improvement from their respective troughs in housing permits, employment and house prices for at least six consecutive months. A total of 20 newRead More
David Crowe / NAHB / January 7, 2013
The NAHB/First American Improving Markets Index (IMI) for January increased to 242, adding a net 41 more markets to the 201 in December. The total represents two-thirds of all the eligible metropolitan areas (OMB designated metropolitan statistical areas with data available). All but two states have at least one metro on the list (Wyoming and New Mexico). Leading states are Texas with 20 metros on the list, California with 17 and Florida with 15. Only 6 metros were dropped from the list because of a dip in home prices while 47 metros were added primarily because house prices are above their levelRead More