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.
Brad Hunter / Metrostudy Report / May 23, 2014Read More
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
The National Association of Home Builders / April 30, 2014Read More
Jonathan Smoke / Metrostudy / April 22, 2014
The Commerce Department will report the first preliminary read on New Home Sales for March this morning. Economists are expecting an increase in March of just over 2 percent from the 440,000 annualized pace reported initially for February last month. We often poke fun at the monthly numbers, as the survey methodology behind the metrics often ends up with monthly changes that are not outside the survey confidence interval. So instead of waiting for the monthly press release, let me go out on a limb and report now that new home sales are indeed marching forward and should be looking more positiveRead More