National Outlook

Metrostudy Announces Major Expansion of Data Portfolio

Metrostudy, a Hanley Wood Company, today announced a massive expansion of their Metrostudy Demand Insights datasets through the national rollout of its sales contract methodology. With this expansion, Metrostudy is now the only industry provider who can deliver a view into the complete construction and real estate project lifecycle with timely and accurate proprietary datasets spanning both supply …

What’s Keeping Builders Up at Night?

John McManus / Builder / January 16, 2018 Courtesy Adobe Stock On builders’ minds as they troll the miles of aisles of manufacturers and services bringing their latest and greatest wares to market in residential construction’s biggest annual marketplace? For a lot of them it’s taxes. An overhaul of tax code unlike any other in more than three decades altered–and did not simplify–rules for both i …

A Bullish New Year for New-Home Building

Hanley Wood Data Studio / Builder / January 8, 2018 According to Mark Zandi, chief economist for Moody’s Analytics, prospects are good for the U.S. economy in 2018. Economic expansion celebrated its eighth year in November, making it the third longest in American history. Zandi expects this expansion could become the longest in history, possibly surpassing the tech-driven boom of the 1990s, which …

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Local View

NORTHERN NEW JERSEY / NEW YORK HOUSING 3Q17: New Home Starts Down from Inflated 2016 Levels – Activity in this Market Clusters near Transit Stops

New Home Starts for 3Q17 are down 50% YoY – mainly due to the number of big condo projects completed in 2016. Annual new home starts are up 0.2% YoY. This market is only seeing growth in activity in areas close to transit stops. The closer you are to the Hudson River the more advantages that particular market will have in terms of buyers looking to buy and builders looking to build in that submark …

NASHVILLE HOUSING 3Q17: Starts Continues Strong; Low Lot Supply May Threaten Future Growth

Quarterly new home starts are up 2.1% year over year; Annual starts are up 11.9% from 3Q16 levels. Quarterly closings are up 13% over 3Q16 numbers; Annual closings are up 18.2% year over year. Skilled labor shortages, municipality issues and higher material cost are partly to blame but whatever the cause, the delivery of additional finished lots is not keeping pace with the demand for them. Metros …

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