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.
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
Jonathan Smoke / HW.com / January 27, 2014
The Commerce Department reported preliminary data on December new home sales this morning. Economists had been expecting a decline of 2% from the 464,000 rate initially reported for November. Instead, the December number came in at 414,000, a decline of 7% from a revised November rate of 445,000.
The initial reaction from analysts and journalists was that this was affirming the view that the housing market weakened in the fourth quarter, presumably from higher mortgage rates and a colder than normal December. While published mortgage rates were indeed higher in December (averageRead More