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.
NAHB Eye on Housing Blog / March 5, 2014
After rising during the boom years and falling during the Great Recession, the average size of newly built, multifamily units remains close to levels seen a decade ago. As multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily units is likely to rise.
According to fourth quarter data from the Census Bureau, the average square footage of multifamily housing construction starts was 1,225. The median was 1,131.
Because the quarterly data are volatile, it is worth examining the numbers on a one-year moving average basis. For the thirdRead More
Eye on Housing Blog / NAHB / January 16, 2014
The January NAHB/Wells Fargo Housing Market Index dropped one point from a one-point downwardly revised December level to 56. This is the eighth consecutive month above 50, the point where more builders rate the market good rather than poor. The December index, originally reported at 58, matched the recent high in August before the mortgage rate spike and the federal government shutdown softened buyer and builder confidence. The January level demonstrates builders’ general positive attitude toward the current and future market but with some continued attention to the headwinds affectingRead More
Sandra Malm / BUILDER / January 8, 2014
The co-location of the NAHB’s International Builders’ Show (IBS) and the NKBA’s Kitchen and Bath Industry Show (KBIS) marks the arrival of the first annual Design and Construction Week, Feb. 4-6, 2014, in Las Vegas. When you register for either show, you will be able to see the exhibits of both IBS and KBIS, as well as the exhibits of a third show, the International Window Coverings Expo, with just one badge. With more than 1,500 exhibitors anticipated and 75,000 attendees expected, you don’t want to miss the networking event of the year for North American builders.Read More
Eye on Housing Blog / NAHB / January 8, 2013
The prospects for home building in 2014 are bright. NAHB is forecasting a nearly 25% gain in total housing starts, with a 32% pickup in single-family construction. And the coming year will come atop the gains of 2013. NAHB expects that the final numbers will show that housing starts expanded almost 18% last year to a total of 921,000.
November housing starts data from the Census and the Department of Housing and Development show an uptick after weakness in home construction during the fall. Total housing starts topped an annualized pace of one million, the first time since 2008. Single-familyRead More
NAHB Eye on Housing Blog / December 5, 2013
The NAHB/First American Leading Markets Index rose slightly to .86 in December index from .85 in the November index. The index measures progress back to and beyond the normal level of economic and housing growth. In addition to the national index, the release also lists the value of progress toward normal for 351 metropolitan areas.
In December, 54 metros were at or above a value of one meaning those markets had returned to or were above their last normal levels of single-family housing permits, home prices and employment. For purposes of this index, the last normal period was 2000- 2003Read More