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.
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
Glenn Kelman, CEO of Redfin / The Wall Street Journal / June 26, 2013
“The long-awaited day of reckoning is here,” Chris Farrell wrote in Forbes this week. “The era of historically low interest rates is over.” Mortgage interest rates began to increase in the first week of May, going from 3.35% to the headline-grabbing rate of 4.36% as of Friday.
What happened? Last Wednesday, Federal Reserve Chairman Ben Bernanke announced that if the economy continued to improve, the government would stop buying $85 billion in bonds each month by mid-2014. The stock market lost 3% of its value in three days.
Everyone wants to know how American home buyers will react toRead More