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.
Paul Emrath / Eye On Housing / August 14, 2014
Housing affordability dipped slightly in the second quarter of 2014 as several markets saw a firming of home prices, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI). Nationwide, the second quarter HOI was 62.6—i.e., 62.6 percent of new and existing homes sold during the quarter were affordable to a family earning the U.S. median income of $63,900—down about three percentage points from the first quarter reading of 65.5.
The latest readings reflect a slow but steady march toward historically normal appreciation and interest rates, producing an HOIRead More
Randyl Drummer / CoStar / July 17, 2013
‘Across the Board Improvement’ is Prevailing Theme for CRE Pricing, Sales Volume, Fundamentals in May
Pricing of commercial real estate strengthened across the board, with pricing gains accelerating in May following a seasonal soft patch in the early months of 2013, reflecting solid market fundamentals, broadening investment activity and healthy demand for virtually all types of commercial properties, according to the latest CoStar Commercial Repeat Sale Indices (CCRSI) release.
The value-weighted U.S. Composite Index and the equal-weighted U.S. Composite IndexRead More
Journal of Light Construction / June 27, 2013
Don’t watch the news on lumber prices too closely: you might get whiplash and mood swings.
Houston station KHOU had it one way on May 29: “Housing boom drives up lumber prices,” by Jeremy Desel. “”The supply chain can’t keep up with what is needed. The price goes up and that’s just the way it is,” builder Zac Murtha told the station. “The price of lumber is usually seasonal, but home builders didn’t see the normal drop this winter. Now, prices are poised to go even higher,” KHOU reported. “It’s not just lumber—concreteRead More
Austin Gross / Zillow / May 7, 2013
Our most recent Zillow Home Price Expectation Survey (ZHPES) results were released this morning. The survey asks professional forecasters to provide predictions for housing market growth in the near term. The average prediction for appreciation in 2013 is 5.4 percent, with the lowest projection at 3 percent depreciation and the highest at 10.1 percent appreciation. This edition of the survey was compiled from 105 responses, including the projections of economists, market and investment researchers and real estate experts.
Figure 1 (below) shows the forecasted, cumulative home priceRead More
Hallie Busta / PROSALES / April 5, 2013
Explaining the dramatic hikes in material prices will test sales reps
As if dealers weren’t already doing a lot more work with a lot less manpower, they have an extra challenge: calming builders surprised by hikes in building material prices, especially lumber.
“The landscape has changed rapidly during the past few months,” industry consultant Dena Cordova notes. “During the past few years, builders have gotten used to the idea of rock-bottom pricing and prompt shipments.” Now, she says, they’re suffering from sticker shock.
A recent survey by the National Association of HomeRead More