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.
Floyd Norris / New York Times / May 30, 2014
ONE way to tell the housing market is beginning to show signs of health would be that builders of new homes are selling more houses than banks do.
We are not there yet, but the gap is narrowing, even as overall home sales slow.
According to calculations by Hanley Wood, a real estate research firm whose Metrostudy division studies deed transfers in about 95 percent of the United States, the areas it covered reported sales of about 74,000 new single-family homes in the first quarter of this year. During the same period, banks sold about twice that number of homes.Read More
Bloomberg / June 3, 2014
Brad Hunter, chief economist at Metrostudy in Palm Beach Gardens, Florida, says new home sales are moving higher as the traffic of potential buyers at building sites decide to buy homes and finally become “conversions.” He says better news on the job market is fuelling the trend. Hunter says older buyers continue to do all cash deals in many regions, and the level of mortgage rates is not yet a big factor for many buyers. Hunter speaks with Bloomberg’s Kathleen Hays on Bloomberg Radio’s “The Hays Advantage.”
Jonathan Smoke / Hanley Wood / May 22, 2014
Was there an economist or Wall Street analyst gathering in Colorado earlier this month that no one told me about? I’m looking at consensus expectations for the April new home sales tomorrow to come in at an annualized rate of 425,000 or an increase of 11 percent over March. This follows positive expectations for existing home sales as well despite all of the recent negativity about the housing recovery stalling. What could they be smoking to be so positive about April yet so negative in commentary?
I didn’t go to Colorado but I have been all around the country in recent weeks where I’veRead More