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.
Builder / July 7, 2014
What’s happening in Vegas? Greg Gross, Metrostudy regional director for Northern California and Nevada, explains the steady return to a new normal for a Sin City, a housing crash epicenter, and Nor Cal’s affordability struggle in his market overview at the 2014 Housing Leadership Summit.
Robert Dietz / NAHB / May 28, 2013
For the fourth consecutive quarter, construction of attached single-family housing (townhouses) increased both in terms of market share and year-over-year total units started.
Per first quarter 2013 Census data of Starts and Completions by Purpose and Design, total townhouse construction continued to grow at the beginning of year, reaching a starts total and market share last seen in 2009.
Townhouse construction starts totaled 15,000 for the quarter, a significant increase compared to 10,000 in the first quarter of 2012. Over the period spanning the secondRead More
Brad Hunter / Metrostudy / April 30, 2013
Prices of new-construction homes are forecast by Metrostudy to be up 9.0% in 2013, and in the best “A/B” submarkets, they are expected to rise by 11%-15%. We are already seeing this in isolated pockets, and expect it to soon become a widespread trend.
These forecasts are based upon same-house comparisons, by the way, not averages or medians. Home price averages and medians will be unreliable this year. Why?
- As builders start buying lots in the B-/C+ locations (later this year, we expect), instead of A/B, the average home price could conceivably fall, even though same-house comparisons