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 / Hanley Wood / May 22, 2014
Was there an economist or Wall Street analyst gathering in Colorado earlier this month that no one told me about? I’m looking at consensus expectations for the April new home sales tomorrow to come in at an annualized rate of 425,000 or an increase of 11 percent over March. This follows positive expectations for existing home sales as well despite all of the recent negativity about the housing recovery stalling. What could they be smoking to be so positive about April yet so negative in commentary?
I didn’t go to Colorado but I have been all around the country in recent weeks where I’veRead More
Jonathan Smoke / Metrostudy / May 22, 2014
With all of the misdirected hand-wringing over the alleged stalling of the housing rebound in 2014, you would have thought that economists and analysts would have expected another slight decline in existing home sales to be reported by the National Association of Realtors (NAR) this morning. But, instead they were expecting a 2 percent increase to an annualized rate of 4.69 million from the 4.59 million initially reported in March. The actual report from NAR set the initial April reading at 4.65 million, an increase of 1.3 percent from the unrevised March rate of 4.59 million.
For severalRead More
Remodeling and Replacement Activity Starts 2014 Weaker Than Expected But Forecast Remains Strong
WASHINGTON, D.C. (May 9, 2014) — Following its best year since 2008, the residential remodeling and replacement industry experienced a slightly weaker start to 2014 than originally forecasted according to the latest release of the Residential Remodeling Index (RRI) by Metrostudy, a Hanley Wood company. The seasonally adjusted first quarter national composite of the RRI registered a score of 95.2, which was a 0.7 percent improvement over the revised fourth quarter result of 94.5.