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.
Shaila Dewan / The New York Times / September 7, 2013
a few months ago, Michael N. Felix’s phone started ringing again after four years of silence. Mr. Felix is a land broker whose business dried up when the housing market crashed. But with home prices now rising faster than anyone expected, builders are again looking for what, in the land trade, is referred to as dirt.
Already, developers report that the cost of land in the most desirable areas is double what it was two years ago. At least three golf courses in the Minneapolis-St. Paul area are being carved into millions of dollars’ worth of residential lots. The race has even sent builders backRead More
Rick Harrison, President of Rick Harrison Site Design Studio and Neighborhood Innovations, LLC / newgeography / August 16, 2013
In the housing industry, land planners are the first to be dropped during a downturn… and the first needed in an upturn. A good way to monitor the optimism of the housing development market is to monitor the volume of land planning.
The land plan is the beginning of a long and arduous process. Unlike architecture, which is relatively quick from design to construction, land planning takes patience. It can easily consume a year or two (or more) for a US neighborhood to go from the initial design stages to the beginning of construction.
Typically, but not always, national recessions coincide withRead More
Brad Hunter / Metrostudy / June 5, 2013
Metrostudy chief economist Brad Hunter’s presentation during the Land Strategies Forum at the Pacific Coast Builders Conference, June 5, 2013Read More
Ben Sage / Metrostudy / July 26, 2013
I don’t know if there are any fans of the pugilistic arts out there, but I used to be a boxing fan. I don’t follow it any more, but when I was a kid I was fascinated by Ali, Foreman, and Frazier … the heavyweights. To me, this was the golden age of boxing. I was too young to appreciate Ali’s genius, so George Foreman was my favorite. I didn’t watch the lower divisions as much, but I do remember a pair of fights between Sugar Ray Leonard and Robert Duran back in 1980. Their second bout, which took place in the New Orleans’ Super Dome, was one of the strangest and most controversial matchesRead More
Lindsay Machak / MULTIFAMILY EXECUTIVE / July 17, 2013
The race is on to build and deliver new units while the upturn still has momentum, but the frenzied pace of competition has bumped up land prices significantly.
Developers purchased more than $3.6 billion in new development land in the first quarter of 2013, according to data from New York-based Real Capital Analytics (RCA). This is the largest amount of new development land purchased in the first quarter of a year since the Great Recession began.
Steven Coon, a principal at Kansas City-based Land Development Strategies, said securing financing isn’t the most difficult part of gettingRead More