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.
NAHB / April 25, 2013
Remodelers’ confidence in the market dipped in the first quarter of 2013 when the Remodeling Market Index (RMI) fell six points to 49, according to the National Association of Home Builders (NAHB). Concern about the rising costs of construction materials and labor contributed to the pause in the general upward trend of remodelers’ confidence.
An RMI above 50 indicates that more remodelers report market activity is higher (compared to the prior quarter) than report it is lower. The overall RMI averages ratings of current remodeling activity with indicators of future remodeling activity.Read More
Hanley Wood Releases Q4 2012 Residential Remodeling Index (RRI) – Remodeling and Replacement Saw Gains in 2012; More Gains Expected in 2013
WASHINGTON, D.C. (February 8, 2013) — The level of remodeling and replacement project activity nationally continued to show improvements in the fourth quarter of 2012, according to the latest release of the Residential Remodeling Index (RRI) by Hanley Wood. The seasonally adjusted fourth quarter national composite of the RRI registered a score of 84.08, which was a 0.3 percent improvement over the revised third quarter result of 83.82.
The increase quarter-to-quarter was the fourth consecutive increase after the industryRead More
David Crowe / NAHB / January 16, 2013
The first indicator of builders’ sentiment for 2013 held steady at 47, the same level as December 2012. The three subcomponents of the NAHB/Wells Fargo Housing Market Index changed in every direction possible; the current sales index remained the same at 51, the index for future sales fell one point to 49, and the index for traffic rose one point to 37.
Builders and home buyers took a breath in December as the political agenda remained cloudy up to January 2nd. In addition, builders’ confidence has been rising steadily for eight consecutive months and the uncertainty of taxes, governmentRead More
Jonathan Dienhart and Ken Lee / Hanley Wood / August 27, 2012
Now that our latest Home Building Outlook Report is available, we thought we’d give a preview of what we see as the strongest home building markets in 2013. The outlook ranking of these markets is based upon expectations of increase in new home sales combined with a measure of economic health that takes into account a variety of factors. As a result, Salt Lake City comes in first place for next year, with expectations of 12% growth in new home sales and a very high rating in market health. We re-rank the top 100 markets for the year ahead every quarter, as well as provide our subscribers withRead More
NAHB / Eye on Housing / August 28, 2012
The Case-Shiller indexes of home prices increased again when compared to the previous month or the previous year. Both the 10-city and 20-city seasonally-adjusted (SA) indexes rose 1% and 0.9% respectively from May to June 2012. This is the fifth straight month for steady increases in the SA indexes. Since January, the 10-city and 20-city indexes have risen 3.5% and 3.6% respectively. All but two metro areas also showed positive SA May to June changes. Dallas and Charlotte declined 0.1%.View Article