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.
Joel Kotkin / New Geography / June 10, 2013
Our tepid economic recovery has been profoundly undemocratic in nature. Between the “too big to fail” banks and Ben Bernanke’s policy of dropping free money from helicopters on the investor class, there have been two recoveries, one for the rich, and another less rewarding one for the middle class.
Viewed in this light, the recent run-up in home prices, the biggest in seven years, offers some relief from this dreary picture. Home equity accounts for almost two-thirdsof a “typical” family’s wealth (those in the middle fifth of U.S. wealth distribution); there is no otherRead More
Jennifer Goodman / ECOBUILDING PULSE / March 12, 2013
A recovering economy and high gas prices have made public transit a popular choice for commuters.
The demand for public transportation rose last year as Americans took 10.5 billion trips, the second highest ridership since 1957, and 154 million more trips than the previous year, according to a report released today by the American Public Transportation Association (APTA). This was the seventh year in a row that more than 10 billion trips were taken on public transportation systems nationwide.
Every mode of public transportation showed an increase in ridership, says APTA president and CEORead More
Daniel Fisher / February 25, 2013
Earlier this month, Texas Gov. Rick Perry made a quick tour of California to remind business owners that life’s a whole lot easier in the Lone Star State. Perry’s California critics called him “Governor Oops” for his miscues during the presidential debates, and Gov. Jerry Brown dismissed the Texan’s recruiting drive as “not a burp,” and barely even a certain bodily release of gas.
Laugh away, Californians. But Perry is playing the stronger hand here. Texas trounced the rest of the country our latest survey of the Best Cities for Good Jobs, with five metropolitan areas in the TopRead More
David J. Lynch / Bloomberg / February 20, 2013
Americans, by a margin of more than 3 to 1, expect the housing market to improve over the next 12 months, part of a broader brightening in their outlook for the economy, according to a Bloomberg National Poll.
Fifty percent of poll respondents say the market will continue to get better in 2013 compared with only 16 percent who say they expect it to decline. An additional 31 percent say the market will stay about the same.Read More
Frank Anton, Vice Chairman / BUILDER / February 21, 2013
Moody’s chief economist, Mark Zandi, says “it’s just arithmetic” that makes him an optimist.
At 1.1 million units, Mark Zandi’s 2013 housing starts forecast is more optimistic than most (the consensus forecast is about 950,000 units). But he says 5 sets of fairly simple numbers justify his bright outlook.
Set #1: At about 3.5%, the 30-year fixed rate mortgage is at its lowest point in 2 generations.
Set #2: The dollar volume of mortgage lending, while still depressed compared to historical averages, is increasing steadily.
Set #3: Housing values, after spiking