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.
Dionne Searcy / The New York Times / February 24, 2015
In the initial years after the collapse of the housing bubble, a severely wounded industry focused mostly on putting up more affordable duplexes and other multifamily housing, including rental apartments.
But some economists say that demand for multifamily construction is leveling off. Home price appreciation in general is slowing as well; the Standard & Poor’s/Case-Shiller index report on Tuesday showed a pace of growth in the single digits.
In this environment, builders are turning to the wealthy as the most reliable market on which to place their bets.
“That buyer is financiallyRead More
Charlotte O'Malley / BUILDER / April 14, 2014Read More
BUILDER / October 30, 2013
In September, interest rates on conventional mortgages used to purchase newly built homes increased for the fourth month in a row, according to data released today by the Federal Housing Finance Agency (FHFA).
During the month, the average contract interest rate increased by 10 basis points to 4.30 percent, while initial fees increased to 1.14 percent (from an average of 1.06 percent the previous month). The combination drove FHFA’s key measure of the average effective interest rate on new home loans (which amortizes the initial fees and incorporates them into the rate) up by 11 basisRead More
Michael Neal / NAHB / August 1, 2013
Measures of consumer confidence continue to report mixed results on a monthly basis. However, over time they are trending in the same direction. According to Thomson Reuters and the University of Michigan, the Consumer Sentiment Index rose by 1 point in July to a seasonally adjusted level of 84.1. The final reading of consumer sentiment was revised up from the preliminary reading of 83.9 that was released earlier in the month. Meanwhile, the Conference Board reported that its Consumer Confidence Index fell by 1.9 points, 2.3%, on a month-over-month seasonally adjusted basis in July to 80.3.Read 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