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 / June 3, 2013
During National Homeownership Month in June, the National Association of Home Builders (NAHB) is telling young people that the time is right to buy a home, and the nation’s builders are building the homes they want.
“As the economy recovers and young people who had to live at home with their parents move forward with their lives and achieve their dreams of homeownership, home builders are delivering homes that cater to the floor plans, features and affordability that this generation desires,” said NAHB Chairman Rick Judson, a home builder and developer from Charlotte, N.C.
More thanRead More
Alison Rice / BUILDER / April 19, 2013
Builders looking for an edge against the existing-home market in their areas may want to check out a new “home improvements” infographic from the U.S. Census Bureau.
The infographic, which is based on data collected through the American Housing Survey, breaks out the median spent by homeowners for common home improvements such as a bathroom or kitchen update, new windows, and more in an appealing and easy-to read format.
Overall, 57% of the country’s 43.7 million homeowners made an improvement to their house between 2009 and 2011, according to the Census Bureau. That adds up to a totalRead More
Jed Kolko / Trulia / April 17, 2013
Trulia’s latest consumer survey revealed that 52% of people regret something about their current home or the process of choosing it. This season, under the pressure of tight inventory, buyers and renters have to try hard not to make the same mistakes
Spring house-hunting season is upon us. Home searches peak in March and April, and this year the search is especially frantic as inventory is near a 12-year low. Many homes don’t stay on the market for long, so buyers will have to move fast – especially in markets with bidding wars and competing investor activity. But when it comes to searchingRead More
Stuart Elliott / The New York Times / April 9, 2013
New may be the new new in homes. This New York Times piece by Stuart Elliott focuses on creative aimed to grab prospective home buyers by the collar and get them into new home models, where the communities themselves will do the talking. Still, not seasonally adjusted, according to the Census Bureau, about 63 thousand new homes sold in the first two months of 2013, an increase of about 19% year-over-year from 2012. Historically, a normal ratio of resales to new homes is about 6 to one, but after peaking at 17 to one in 2010 and 2011, resales still outsell new homes by about 12 to one. Hanley Wood chief economist
Paul Emrath / NAHB / April 11, 2013
Roughly one-third of home buyers are looking for a home with two full bathrooms, and roughly one-third of both new and existing homes have exactly two full bathrooms. But over half of buyers want a home with more than two full baths, and that’s where new homes do a much better job of matching current preferences.
According to NAHB’s recent What Home Buyers Really Want survey, 43 percent of recent and prospective buyers want a home with either two and a half or three full baths. That matches exactly the percentage of new homes built in 2011 with two and a half or three full baths. OnRead More