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.
Bradley Hunter / Metrostudy / August 25, 2014
Last month’s miserable reading for New Home Sales (as measured by government trackers in June) was revised upward as we expected, but the July number fell 2.4%. This decline is relatively modest, and the stated confidence interval for the 2.4% drop was plus or minus 11.9%, which means that the government isn’t sure whether new home sales actually rose or fell.
In order to understand what is going on, let’s take a look at what we are hearing around the country. Builders were mostly unimpressed by the spring selling season, which we predicted would be “good, but not great.” The summerRead More
The higher-end of the new-home market divides roughly into two groups. One is the Active Adult segment, and the other group consists of younger professionals, old money, new wealth, those who sold drilling rights for natural gas frackers, and a smattering of lottery winners. For the latter group, timing exists in a continuum of their own minds’ invention–meaning, urgency doesn’t play into their motivation.Read More