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.
New-home sales in August reached the highest annualized pace since 2008. But many builders and economists still expect sales for this year to underwhelm, ultimately either matching or only slightly exceeding last year’s level.
The reason lies in the difference between the volatility of monthly home-sales figures from the Commerce Department and the underlying trajectory of the market established over the past year. The latter shows a pace, on average, of sluggish but steady growth.
Meanwhile, the frothy gain in August new-home sales reported Wednesday by the Commerce Department canRead More
Metrostudy does a 100% count within markets across the country of move-ins into newly-built homes. This is a powerful and reliable measure of end-user demand. The top two markets have outsized percentage changes because they are starting from a low base number. In terms of the large markets, Central Florida has seen a 24.3% increase in new home demand in the past year, and Charlotte, NC, has seen a 23.4%. Atlanta, which was savaged by the downturn, has seen a 22.9% increase. New home construction is picking up in all of these markets, as builders scramble to meet increased demand.Read More
Brad Hunter / Builder / September 18, 2014
Today’s government data release on housing starts showed a 14.4% decline in the month of August, mostly driven by multifamily. Single-family detached home construction was only down 2.4% on the month. Total starts are still 8.0% higher than August of last year, and single-family starts are still 4.2% above the year-ago pace.
The apparent stagnation in national housing starts is not universal. Looking deeper, and using Metrostudy’s more granular detail, we see that certain markets have seen considerable strength. In our local-market tracking, we are still seeing significantRead More
New Design, New Features Upgrade User Experience and Create Opportunities for Customers
Washington, D.C., September 16, 2014 – Hanley Wood announces the launch of its newly redesigned BUILDER magazine website, at www.builderonline.com. The redesign provides more streamlined navigation, improved search capability, and is structured as a visual destination for high quality video and images. Additionally, the site is now optimized for viewing on computers and tablets, and renders as a mobile site on smartphones.
“Hanley Wood is committed to serving our audiences with robust digitalRead More
Enhances Geographic Coverage and Service Offerings in Pacific Northwest
Washington, D.C. – September 15, 2014 – Metrostudy, Inc., a Hanley Wood company and the leading provider of primary research and analysis to the U.S. housing industry, announced today that it has acquired New Home Trends, Inc., a real estate research and consulting business serving the Pacific Northwest United States.
“The acquisition of New Home Trends represents an important step in Metrostudy’s growth strategy by enhancing our geographic scope and coverage,” said Peter Goldstone, CEO of HanleyRead More