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 / April 22, 2014
The Commerce Department will report the first preliminary read on New Home Sales for March this morning. Economists are expecting an increase in March of just over 2 percent from the 440,000 annualized pace reported initially for February last month. We often poke fun at the monthly numbers, as the survey methodology behind the metrics often ends up with monthly changes that are not outside the survey confidence interval. So instead of waiting for the monthly press release, let me go out on a limb and report now that new home sales are indeed marching forward and should be looking more positiveRead More
Wayne Norris / Metrostudy / March 2014
Interesting news this week from the big, national data aggregator Corelogic regarding New Homes capturing a higher percentage of all Home Sales monthly throughout 2013:
Metrostudy’s numbers show even a rosier picture here in our region as we also look month by month for 2013. For example, here are the numbers for DE, NJ, PA, MD and VA.
(Click the image to enlarge the chart)
I also thought it would be interesting to take a look back to 2005 and see how the current NEW Home distribution compares historically on an annual basis.
As NEW Homes clearly grabbed a large share at the height of the housingRead More
Jonathan Smoke / Hanley Wood / March 20, 2014
Economists were expecting another slight decline in existing home sales in February. The report this morning from the National Association of Realtors (NAR) set the initial February reading at 4.60 million, a decline of 0.4 percent. No one should fear this as a harbinger of housing deteriorating—it’s actually a reflection of the existing home market getting better.
But better is not necessarily bigger. Better is a result of having more of what we want to see and less of what we don’t want to see. While the overall volume is declining slightly, we are seeing that outcome as a resultRead More
New Coverage to Benefit Housing Industry Leaders in Pacific Northwest
February 19, 2014 (Houston) – Metrostudy, a Hanley Wood company, announced today that it is expanding its housing research operations to include the greater Seattle market. The move is part of Metrostudy’s continuing plans to expand its national coverage and enhance its existing analysis of the Seattle region. Seattle area builders, developers, lenders, and building product manufacturers will now have access to Metrostudy’s lot-by-lot, project-by-project research methodology.
“With four decades ofRead More
Brad Hunter / Metrostudy / February 13, 2014
Metrostudy has just completed its comprehensive year-end 2013 nationwide research. This research note summarizes the high-level findings that have come back from the field. The research is at the subdivision level, where Metrostudy’s field researchers count activity on the ground, lot by lot and house by house. Metrostudy counts actual starts, inventory, lot supplies, move-ins and other key statistics every quarter in 30,000 subdivisions nationwide. The company deploys a team of 350 trained researchers to count every start, lot, and inventory home in every subdivisionRead More