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.
Jed Kolko / Trulia / July 30, 2013
In June, the housing market was 54% back to normal, down from 60% in May. But looking back at the first half of 2013 reveals a housing recovery that’s moving ahead with few red flags.
Instead of our usual monthly Housing Barometer, we’re taking a mid-year temperature check of the housing market while looking ahead at what to expect throughout the rest of this year. All three of our regular Housing Barometer measures – new construction starts, existing home sales, and the delinquency + foreclosure rate – stumbled in June, pushing the recovery down from 60% “back to normal” in
BUILDER PULSE / July 17, 2013
Home builders and their partners in housing, whether they’re executives at big companies or of the entrepreneurial lot-to-lot variety, look at Census Bureau Housing Starts and Permits data releases as just a number. To most, the monthly data point serves as a directional signal; its absolute value rises and falls with corrections, volatility in multifamily construction timelines, and seasonality. Of this month’s release, questions arise as to whether “housing’s losing its mojo.” BUILDER PULSE sister company Metrostudy’s chief economist andRead More
David Crowe / NAHB / May 23, 2013
The pace of total housing construction fell back in April due to a large swing in the rate of multifamily development. From the March annualized rate of 1 million starts, April saw a drop to an 853,000 annualized pace.
Single-family construction declined only a small amount, however, with starts down from a 623,000 rate in March to 610,000 in April. NAHB expects single-family production to continue to make steady gains over the next two years, rising to more than 1 million units annually.
For multifamily, the starts rate fell significantly from an unsustainably high level of 398,000 in MarchRead More
Brad Hunter / Metrostudy / April 30, 2013
Here is a brief “advance” note looking at our brand-new data for first quarter. We are seeing evidence of strong housing demand all around the country (relative to a year ago).
These are from our proprietary in-field counts. The number in all cases is the 1Q 2013 total housing starts followed by the prior year, 1Q 2012, outcome. There were increases versus three months ago, too, but the percent changes I’m citing here are year over year.
The other interesting story on new home sales is that more and more builders are saying that they are raising prices in order to (deliberately) slowRead More
Paul Emrath / NAHB / April 17, 2013
The Census Bureau’s preliminary estimate for starts in buildings with five or more apartments in March came in at a massive (seasonally adjusted annual) rate of 392,000 units. In the Census construction report, this shows up as a 27 percent increase over February. However, the number for February was itself revised upward by 24,000—so the five-plus starts rate for March is actually 38 percent higher than the production rate we thought prevailed a month ago.Read More