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 / December 3, 2013
With the impact of the government shutdown in October, we have not had the usual data in October and November to review residential construction activity and new home sales. Earlier this week, Brad Hunter and I reviewed with some members of the media the most recent Metrostudy data across observed closings, builder reported traffic and sales, and permits. My conclusion remains that we are seeing some seasonal pullback and pockets of more than seasonal decline in sales, but overall activity appears to be consistent with growth, and certainly there is no call for concern regarding theRead More
Lee Samaha / MotleyFool.com / November 18, 2013
While a lag between an increase in residential activity and commercial construction is only to be expected, it’s fair to say that the recovery in the latter has been somewhat disappointing in 2013. However, industry surveys and construction data are suggesting that commercial construction could be about to turn.
This chart compares U.S. new housing starts to how many months’ supply of new houses the U.S. has. The lines should mirror each other, because if the housing market is seeing strengthening demand, then the months supply of housing available (blue line) shouldRead More
Jonathan Smoke / Metrostudy / November 12, 2013
Hanley Wood Chief Economist Jonathan Smoke delivers a deep analysis of the current state of the homebuilding and remodeling markets; offers a forecast for the remainder of 2013; and provides an outlook on the 2014 market.Read More