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.
Randyl Drummer / August 21, 2013
Vacancies, Rental Rates Have Reached A Tipping Point In Most Markets, Complicating Investors’ Search for Great Deals
The tightening competition among apartment investors will yield both winners and losers during this next supply-driven phase in the multifamily market. The winning developers will likely be those that offer products that are new and different, capturing renters who have an expanding menu of housing options and amenities.
“We’re past the point at which simply picking a market that will lead to a successful strategy,” said Luis Mejia, CoStar GroupRead More
Randyl Drummer / CoStar / July 31, 2013
Proposed Program Would Bridge Engagement Gap Between Building Owners and Occupiers In Sustainability Efforts
While it stands to reason that tenants account for most of the energy use in office buildings, most current sustainability and green building practices, incentives and certifications are primarily geared toward building owners, property managers and developers.
Such programs as the U.S. Environmental Protection Agency’s Energy Star program and the U.S. Green Buildings Council’s s Leadership in Environmental Efficiency and Design (LEED) have scored major successesRead More
Diana Olick / CNBC / July 22, 2013
They swarmed the distressed housing market, buying thousands of foreclosed properties and pushing prices higher faster than anyone expected. Now investors are pulling back, dissuaded by the higher prices they themselves brought about.
“Perhaps the numbers aren’t working out,” said Lawrence Yun, chief economist of the National Association of Realtors, which reported that just 15 percent of June sales were by investors. That is the lowest share since the association began tracking this cohort in October 2008.
Current homeowners are now driving the housing market,
Emily Badger / The Atlantic Cities / July 11, 2013
The Census Bureau released additional data Thursday from the 2011 American Housing Survey, an in-depth snapshot taken every two years of the types of homes we keep, how we pay for and heat them, even how many of us have fireplaces that are actually “usable” (among homeowners, it’s 46 percent). Nationwide, the median monthly mortgage paid in 2011 was $1,015, which sounds like a steal if you live in New York, or a ripoff if you make your home in Pittsburgh.
The data is particularly interesting for what it reveals about the stark differences between housing markets depending onRead More
BUILDER / July 9, 2013
Today’s big story is a second-half-of-2013 question raised by two other breaking news articles.
In one, Bloomberg/ BusinessWeek staffer’s Heather Perlberg and John Gittelsohn explore the strategy Blackstone Group is building out with its investment in the single-family for-rent market.
In the other, the Silicon Valley Business Journal’s Nathan Donato-Weinstein covers the IPO terms for San Jose, Calif.-based UCP, Inc. a land developer-builder seeking to raise $150 million or more in the equity capital markets.
One plan banks on a business that stakes its futureRead More