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.
Josh Miller / Eye On Housing / September 10, 2014
A record number of millennials, individuals aged 18 to 34 years, are delaying household formation. This Great Delay, instead of the forbearance of impending doom, may actually be a sign of prudent economic decision making from a generation coming of age during turbulent economic times. Instead of forming a household, many have enrolled in college or stayed in school to pursue a college degree. This personal investment has short-run and long-run implications of great interest to the housing market.
When young Americans delay household formation, they often delay renting or buying aRead More
Caroline Porter / September 30, 2013
More Demanding Jobs, Coupled With Recession, Have Postponed Young Americans’ Entry Into Workforce, According to New Report
The on-ramp to adulthood is delayed and harder to reach for young people today, a reality that is changing the country’s society and economy, according to a new report.
More demanding job requirements, coupled with the pressures of the recession, have delayed the transition to adulthood for young people in the past decade and earned them the title of “the new lost generation,” according to the report from the Georgetown University CenterRead More
Kyle Stock / Bloomberg/BusinessWeek / July 26, 2013
What a difference a percentage point makes. A slight rise in U.S. mortgage rates—the average for a 30-year fixed mortgage inched from about 3.3 percent in May to 4.3 percent this week—is spooking would-be home buyers and complicating forecasts for builders. Much to the agony of those builders, younger consumers appear transfixed by the shockingly low rates of recent years without paying any mind to historical mortgage norms.
Skittish buyers have become more worried about rising rates than they are about surging home prices, according to a new survey from real-estate data company Trulia.Read More
Lauren Schuker Bulm / The Wall Street Journal / July 18, 2013
A new generation is skipping the ‘starter home’ and betting heavily on high-end real estate.
Two years ago, when he was 26, Matt Winter paid a little over $1 million for a four-bedroom, Mediterranean-style house in Culver City, an artsy, formerly industrial section of Los Angeles. This month, the now 28-year-old Mr. Winter, who runs his own interior design firm, paid about $1.7 million for his second home, a three-bedroom, Spanish-revival in Westwood, a neighborhood near UCLA.
“I have always felt that having your money in property is the safest and best thing to do if youRead More
WASHINGTON (July 9, 2013) – Millennials are more confident than any other age group that their recent home purchase was a good financial investment, according to a new study released today. The inaugural 2013 National Association of Realtors® Home Buyer and Seller Generational Trends evaluated the generational differences of recent home buyers and sellers and found that while eight out of 10 recent buyers considered their home purchase a good financial investment, the number was even higher, 85 percent, for younger buyers under the age of 32.
“Homeownership is an investment in yourRead More