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.
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
Jonathan Smoke / Hanley Wood / June 25, 2013
Hanley Wood chief economist Jonathan Smoke’s commentary on Spring Sales, Prices, and Consumer Confidence
Today is a big day for getting a read on how housing demand has been unfolding as preliminary May numbers on new home sales were reported by the Commerce Department, Case-Shiller released April home price indices, and the Conference Board released June consumer confidence data. Interpreting each of these data points bears caution as these monthly metrics can be somewhat volatile and are subject to revisions, but when we look at these numbers and our own research we see severalRead More
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