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.
Stacey Freed / REMODELING / August 22, 2013
Past is present in our 2013 Remodeling Design Awards Best of the Year award winner. This abandoned Victorian in San Francisco gets a serious remodel, but manages to keep the traditional exterior without overwhelming the neighborhood.
• Update the home while keeping its Victorian charm
• Create three bedrooms on the upper level
• Design something that would satisfy a variety of possible buyers
Alison Rice / MULTIFAMILY EXECUTIVE / August 7, 2013
Case studies from our fourth annual Apartment Renovation Index survey show how multifamily firms are making strategic updates to drive rent growth and attract new markets.
When it comes to value-added renovations, developers face myriad choices: You have only so much money to spend but a million different ways to spend it.
But in many ways, renovations are all about matching the competition—to a point.
“You need to look at the new generation of product and what they are developing and delivering,” says Wes Fuller, executive director of investment at Charleston, S.C.–basedRead More
Craig Webb / REMODELING / August 8, 2013
Residential Remodeling Index show 192 markets beating old peaks, 364 markets growing
The fundamentals are in place for this year to be the best one since 2005 for remodeling and replacement activity, with 192 markets nationwide expected by mid-2014 to beat their previous high-water marks, the latest Residential Remodeling Index (RRI) indicates today.
The tool, a compilation of key economic indicators known to spur remodeling work, shows the first half of 2013 was better for remodelers than previously forecast, with the seasonally adjusted national composite rising to 89.1. The RRI forRead More
Metrostudy Releases Q2 2013 Residential Remodeling Index (RRI)—Remodeling and Replacement Activity Up Significantly
WASHINGTON, D.C. (August 8, 2013) — Remodeling and replacement project activity was stronger in the first half of 2013 than previously forecasted, based on the latest release of the Residential Remodeling Index (RRI) by Metrostudy, a Hanley Wood company. The seasonally adjusted second quarter national composite of the RRI registered a score of 89.1, which was a 1.6 percent improvement over the upwardly revised first quarter result of 87.6.
The increase quarter-to-quarter was the sixth solid consecutive increase after theRead More
Lindsay Machak / MULTIFAMILY EXECUTIVE / May 30, 2013
Albert Berriz wouldn’t have invested just under $6 million to use green construction to rehabilitate an affordable property without an incentive.
As part of the U.S. Department of Housing and Urban Development’s Green Retrofit program, Berriz’s team at Ann Arbor, Mich.-based McKinley was able to secure a $5.99 million loan with 1 percent interest to make the property environmentally friendly.
The competitive loan called for creative proposals from developers across the nation and awarded Berriz, CEO, and the team at McKinley with the second largest retrofit loan in 2012 for a rehabilitationRead More