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.
Dionne Searcy / The New York Times / February 24, 2015
In the initial years after the collapse of the housing bubble, a severely wounded industry focused mostly on putting up more affordable duplexes and other multifamily housing, including rental apartments.
But some economists say that demand for multifamily construction is leveling off. Home price appreciation in general is slowing as well; the Standard & Poor’s/Case-Shiller index report on Tuesday showed a pace of growth in the single digits.
In this environment, builders are turning to the wealthy as the most reliable market on which to place their bets.
“That buyer is financiallyRead More
Josh Miller / Eye on Housing / December 2, 2014
NAHB analysis of total private residential construction spending Census data finds that all three components increased in October. Single-family spending increased 1.8%, multifamily spending increased 1.0% and home improvement spending increased 0.6% from revised September estimates.
Total private residential construction spending (all three components combined) increased from the revised September estimate to a seasonally adjusted annual rate of $353.8 billion. On a 3-month moving average basis, from October 2013, the annualized pace of total private residential constructionRead More
Rose Quint / Eye On Housing / November 13, 2014
Firming home prices in markets across the country contributed to a slight dip in nationwide housing affordability in the third quarter of 2014, according to the National Association of Home Builders/Wells Fargo Housing Opportunity Index (HOI). In all, 61.8 percent of new and existing homes sold between the beginning of July and the end of September were affordable to families earning the U.S. median income of $63,900. The HOI in the second quarter was 62.6 percent.
The national median home price increased from $214,000 in the second quarter to $221,000 in the third quarter, while average mortgageRead More
Josh Miller / Eye on Housing / September 4, 2014
The latest Census estimate shows significant gains in single-family and multifamily private residential construction spending from one year ago. On a 3-month moving average basis from July 2013, single-family construction spending increased 9.9% and multifamily construction spending increased 38.4%. The current seasonally adjusted annual rate for total private residential construction spending (single-family, multifamily, and home improvements) is $358.1 billion.
Although the home improvement component of residential construction spending is down 2.2% from one yearRead More
Paul Emrath / Eye on Housing / September 5, 2014
Data collected during a 2014 survey allow NAHB to produce, for the first time, summary statistics that describe the typical residential subdivision being built in the United States. The results were recently published as a Special Study in HousingEconomics.com.
For subdivisions of single-family detached homes, the summary statistics are as follows:
- Median size: 22 acres.
- Median number of housing units: 48.
- Median gross density: 2.1 units per acre.
- 4% include retail space.
- 4% include other (non-retail) commercial space.
The data come from a survey sent electronicallyRead More