Press Releases
- June 22, 2012
- Builder Unveils Local Leaders for 2011
- May 1, 2012
- Hanley Wood's Residential Remodeling Index (RRI) Shows Remodeling and Replacement Activity Remained Steady in Q1 2012; Improving Markets to See 4% Growth in 2012
- February 7, 2012
- Hanley Wood Releases Q4 2011 Residential Remodeling Index (RRI) - Remodeling and Replacement Activity Experienced Decline in 2011 But Improvement Forecasted for 2012
- February 6, 2012
- Hanley Wood Releases Home Building Outlook, Forecasting Incremental Growth for 2012
- June 21, 2011
- Jonathan Smoke Comments on National Association of Realtors Existing Home Sales Report for May
In the News
- November 5, 2011
- Putting extended families under 1 roof
- October 20, 2011
- Denver ranks 10th in U.S. on housing-market strength
- October 14, 2011
- Housing watchers pin hopes on 2015
- September 12, 2011
- Top 10 Real Estate Markets to Buy a Home With Cash
- June 29, 2011
- Housing market turning around in several rural states
- June 14, 2011
- The Economic Link: Job Creation = Home Price Increases
- March 25, 2011
- How much sacrifice?
- March 17, 2011
- Top Remodeling Counties for 2011
- March 3, 2011
- Miami New-Condo Sales Revive As Biggest Markets Fall
Builder Unveils Local Leaders for 2011
(Washington, D.C.) June 22, 2012
Builder Unveils Local Leaders for 2011
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Rankings spotlight top 10 builders in the top 50 home building markets
WASHINGTON, D.C. (June 13, 2012) - This week Builder, the leading media brand for the home building industry, unveiled its 2011 Local Leaders, an annual ranking of the top 10 builders in the top 50 home building markets.
In 2011, many builders found neighborhoods achieving and exceeding their plans for sales of first-time and move-up homes. Despite a few surprising reversals, most large public builders continued to sell homes at rates that placed them among the leaders in many of the country's 50 largest housing markets (based on total closings). Among them, D.R. Horton, Pulte Group, Lennar, and NVR sat atop 26 of those markets.
Though some builders have been challenged with locating quality lots and financing for their projects, most leaders say they outpaced their markets' overall performance last year, and more than a few of these builders saw in 2011 the first positive signs that business conditions were improving in a sustainable way.
"To be a local leader, a builder has done more than just survive, they have thrived by evolving with the market and delivering communities and homes that appeal to today's home buyer," according to Jonathan Smoke, Executive Director, Hanley Wood Market Intelligence. "Nationwide, these leaders have showcased a more affordable, efficient and flexible product."
Local Leader rankings were compiled from 2011 closings as provided by builders and verified by Hanley Wood Market Intelligence's Housing IntelligencePro database. The top 50 markets were determined based on new-home closing volume in 2011, using the current Federal Office of Management and Budget definitions of Metropolitan Statistical Areas (MSAs).
The 2011 Local Leader rankings are profiled in the June issue of Builder magazine and online at www.builderonline.com/localleaders/2011.aspx. For additional information, contact Hanley Wood Market Intelligence at 800-639-3777.
About Builder
Published by Hanley Wood, Builder is the leading brand in residential construction and serves as the magazine of the National Association of Home Builders (NAHB). For more than three decades, Builder has provided essential news, information and resources about products, technologies, trends, regulatory requirements and best practices to help home building professionals innovate for success. With an integrated platform encompassing print, online and in-person, Builder is a trusted source for top builders, architects and other industry professionals across the country. www.builderonline.com
About Hanley Wood Market Intelligence
Hanley Wood Market Intelligence is the housing industry’s leading provider of intuitive data and analytical services on residential real estate development, remodeling and new-home construction. Powered by their proprietary Housing IntelligencePro database, Hanley Wood Market Intelligence delivers housing insights across more than 800 MSAs and nearly 2400 counties. www.housingintelligence.com
Hanley Wood's Residential Remodeling Index (RRI) Shows Remodeling and Replacement Activity Remained Steady in Q1 2012; Improving Markets to See 4% Growth in 2012
(Washington, D.C.) May 1, 2012
Hanley Wood's Residential Remodeling Index (RRI) Shows Remodeling and
Replacement Activity Remained Steady in Q1 2012; Improving Markets to See
4% Growth in 2012
Washington, D.C. (PRWEB) May 01, 2012 -- The level of remodeling and replacement project activity
nationally remained steady in the first quarter of 2012, according to the latest release of the Residential
Remodeling Index (RRI) by Hanley Wood. The seasonally adjusted first quarter national composite of the RRI
registered a score of 82.34, which was a very slight decline of 0.04 percent over the revised fourth quarter result
of 82.38.
Accompanying the new quarterly data, Hanley Wood also updated its remodeling forecast and expects to see
growth overall in the U.S. in 2012 and more significant growth in large, improving markets.
The rate of remodeling and project activity across the U.S. fell 2.6 percent year-over-year in the first quarter,
which was less than the year-over-year decline of 3.6% measured in the fourth quarter. The RRI indicates that
remodeling and replacement activity hit a second bottom, with the volume of projects down 18% from the peak
of activity which occurred in the first quarter of 2007.
Estimated remodeling and replacement projects for 2011 came in at just over 10 million, or a decline of 5
percent over the 10.5 million estimated projects completed in 2010. The 2010 volume of projects had shown a
slight recovery over 2009, due in part to energy-related tax credits as well as a bump in home sales supported
by tax credits that expired in 2010.
Remodeling and replacement activity suffered a decline in 2011 due to the move-forward of activity into 2010
as a result of the temporary tax credits as well as low consumer confidence in 2011 and weak housing conditions. The first quarter reading of the RRI indicates that 2012 started off on par with the end of 2011 on a seasonally adjusted basis. Hanley Wood Market Intelligence had expected a slight improvement in the first
quarter, but still expects growth in the second quarter and throughout the remainder of 2012.
"Even though 2012 has started off slowly, we expect to see growth in the rate of remodeling and replacement
activity throughout the rest of 2012 and into 2013," said Jonathan Smoke, the executive director of Hanley
Wood Market Intelligence. "Housing and economic conditions are improving gradually in most markets in the
country, which will spur greater activity in remodeling."
"Plus remodeling appears to have pent up demand for activity because of delayed projects during the last five
years and because of significant demographic trends leading to the need to alter or improve millions of existing
homes in the U.S.," Smoke added.
According to the new RRI data, the number of markets expected to see more remodeling projects in 2012
outnumber the number of markets expected to decline. 197 of 366 Metropolitan Statistical Areas are now
expected to see more remodeling and replacement projects in 2012 than in 2011. The average forecasted
increase in those improving markets is 4.1%. Some of the largest markets with expected growth in 2012 include
Chicago, Atlanta, Minneapolis, Seattle, and Cleveland.
About the Residential Remodeling Index
The RRI is a quarterly measure of the level of remodeling activity in 366 metropolitan statistical areas (MSA) in the U.S., with the national composite reflecting the national level of
activity. "Activity" includes home improvement and replacement projects, but does not include maintenance or projects of less than $500. The seasonally adjusted index shows the relative
level of activity in the geography specified (MSA or national composite) compared to 2007 (the baseline year). A number above 100 indicates a level of remodeling activity higher than the level
of activity at the beginning of 2007, which was the peak of remodeling activity in the prior decade.
The index is produced through a statistical model that leverages detailed data on remodeling activity, including household level remodeling permits, and consumer reported remodeling and
replacement projects. Quarterly historical results for the national composite and for each of the 366 Metropolitan Statistical Areas in the U.S. are available back to 2004. In additional,
Hanley Wood Market Intelligence also produces annual estimates of project counts and expenditures as well as forecasts of the quarterly RRI and annual projects and expenditures.
About Hanley Wood Market Intelligence
Hanley Wood Market Intelligence is the housing industry’s leading provider of rich data and analytical services on residential real
estate development and new-home construction. Through their proprietary Housing Intelligence database, Hanley Wood Market Intelligence delivers housing insights into more than
800 MSAs and 2300+ counties. www.housingintelligence.com
Hanley Wood, LLC, is the premier media and information company serving the housing and commercial design and construction industries.
Through its operating platforms, the company produces award-winning magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions.
The company also is North America’s leading publisher of home plans. www.hanleywood.com
Hanley Wood Releases Q4 2011 Residential Remodeling Index (RRI) - Remodeling and Replacement Activity Experienced Decline in 2011 But Improvement Forecasted for 2012
(Washington, D.C.) February 7, 2012
The level of remodeling and replacement project activity nationally declined in the fourth quarter of 2011, according to the latest release of the Residential Remodeling Index (RRI) by Hanley Wood.
The seasonally adjusted third quarter national composite of the RRI registered a score of 79.33, which was a decline of 0.3 percent over the revised third quarter result of 79.56. The quarterly decline
was in line with the October forecast.
The rate of remodeling and project activity fell 4 percent year-over-year, reaching a new bottom in activity for the industry. Estimated remodeling and replacement projects for 2011 came in at just over
10 million, or a decline of 4.6 percent over the 10.5 million estimated projects completed in 2010. The 2010 volume of projects had shown a slight recovery of 1.7% over 2009, due in part to energy-related
tax credits as well as a bump in home sales supported by tax credits that expired in 2010.
Remodeling and replacement activity suffered a decline in 2011 due to the move-forward of activity into 2010 as a result of the temporary tax credits as well as low consumer confidence in 2011 and
weak housing conditions. The rate of activity in the fourth quarter represented a 21% decline from the peak of the market in early 2007.
Hanley Wood Market Intelligence’s January forecast is calling for growth ahead in 2012.
"We expect to see growth in the rate of remodeling and replacement activity in each quarter of 2012," said Jonathan Smoke, the executive director of Hanley Wood Market Intelligence.
"This marks the beginning of what we believe will be a long and sustainable recovery in remodeling and replacement projects and related spending."
"Remodeling seems poised and overdue for increases in activity because of Boomers moving closer to retirement, necessary and overdue home improvement projects on aging housing stock,
and improving levels of healthy home sales. With improving consumer confidence as a result of gradually improving housing and employment conditions, we expect to see over 260,000 more
remodeling and replacement projects nationally in 2012, which represents almost $2.6 billion in additional spending," Smoke added.
According to the new RRI data, the number of markets expected to improve in 2012 far outnumber the number of markets expected to decline. 304 of 366 Metropolitan Statistical Areas are
expected to see more remodeling and replacement projects in 2012 than in 2011. The average forecasted increase in those improving markets is 3.6%.
"With remodeling starting to recover, the economic activity the industry adds in 2012 will be a boost to local economies," Smoke said. "As a frame of reference, the best 5 remodeling
markets in our most recent rankings will see over 30,000 additional projects across those markets, contributing over $300 million more to those local economies. With improving levels of
activity, housing will start contributing to economic growth again, which then reinforces the future demand for remodeling."
About the Residential Remodeling Index
The RRI is a quarterly measure of the level of remodeling activity in 366 metropolitan statistical areas (MSA) in the U.S., with the national composite reflecting the national level of
activity. "Activity" includes home improvement and replacement projects, but does not include maintenance or projects of less than $500. The seasonally adjusted index shows the relative
level of activity in the geography specified (MSA or national composite) compared to 2007 (the baseline year). A number above 100 indicates a level of remodeling activity higher than the level
of activity at the beginning of 2007, which was the peak of remodeling activity in the prior decade.
The index is produced through a statistical model that leverages detailed data on remodeling activity, including household level remodeling permits, and consumer reported remodeling and
replacement projects. Quarterly historical results for the national composite and for each of the 366 Metropolitan Statistical Areas in the U.S. are available back to 2004. In additional,
Hanley Wood Market Intelligence also produces annual estimates of project counts and expenditures as well as forecasts of the quarterly RRI and annual projects and expenditures.
About Hanley Wood Market Intelligence
Hanley Wood Market Intelligence is the housing industry’s leading provider of rich data and analytical services on residential real
estate development and new-home construction. Through their proprietary Housing Intelligence database, Hanley Wood Market Intelligence delivers housing insights into more than
800 MSAs and 2300+ counties. www.housingintelligence.com
Hanley Wood, LLC, is the premier media and information company serving the housing and commercial design and construction industries.
Through its operating platforms, the company produces award-winning magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions.
The company also is North America’s leading publisher of home plans. www.hanleywood.com
Hanley Wood Releases Home Building Outlook, Forecasting Incremental Growth for 2012
(Washington, D.C.) February 6, 2012
Home building reached its bottom in 2011, based on both the volumes of new homes sold and the volume of new homes closed, and is forecasted to show improvement in 2012,
according to the Home Building Outlook, a new report from Hanley Wood Market Intelligence.
The Commerce Department reported in January that new home sales in 2011 totaled 302,000 single family units, which is the lowest annual number reported since the Census
began reporting the series in 1963.
Despite that historic low, Hanley Wood reported several reasons why new construction is likely to see growth ahead. New and existing home sales volumes stabilized in the
last months of 2011 on a seasonally adjusted basis and are expected to show incremental gains in 2012. The pace of new construction activity overall will be even higher due to
strong trends in multifamily housing. As home ownership rates have declined in recent years, rental rates have risen and apartment vacancies have declined, which stimulates demand
for multifamily units. Hanley Wood is expecting multifamily housing starts to expand 27% this year to a volume of 218,000 units.
The research firm expects single family housing starts to grow at a more humble pace of 9% as the ownership market deals with the lingering fallout of distressed property sales
and depressed home values.
"It has been a long, difficult road for home builders and building product manufacturers, but we expect that 2012 should finally bring some reward for their diligence and perseverance,"
said Jonathan Smoke, the executive director of Hanley Wood Market Intelligence. "We expect a 14 percent increase in new home sales this year, off the historic lows of last year.
While we recognize that national and global risks still prevail and not all markets are showing signs of housing market stabilization, the healthier local markets will lead the new construction recovery.
Furthermore, as these local markets start to see new construction rebound, the positive impact on the local economy will begin a virtuous cycle of improving conditions."
The Home Building Outlook also covers forecasted new home sales and construction activity for 940 markets in the country and ranks the largest 100 markets that represent
over two-thirds of new construction activity in the U.S. According to the new report, the number of markets expected to improve in 2012 far outnumber the number of markets expected to decline.
769 of 940 markets are expected to see growth in new homes sold in 2012 over 2011. The average forecasted increase in those improving markets is 17%.
"Even though we are not forecasting this to be a rapid recovery in new construction, the very fact that some markets will see growth will move those markets and the broader economy
further along," Smoke said. "If our forecast holds true, the five top ranked home building markets will see an average growth of 26 percent in new home sales in 2012, or over 3,000 additional
new home sales in just those five markets over 2011. At the average new home sales price in each of those markets, the incremental growth in sales amounts to total additional
new home sales of over $1 billion."
The five top ranked home building markets for 2012 according to Hanley Wood Market Intelligence are Oklahoma City, OK; The Villages, FL; Washington-Arlington-Alexandria,
DC-VA-MD-WV; Worcester, MA; and Portland-Vancouver-Beaverton, OR-WA.
About the Home Building Outlook
Published by Hanley Wood Market Intelligence, the Home Building Outlook provides tangible, quantitative insights into home building and new construction
opportunities across 940 markets. In addition to providing Hanley Wood’s distinct, informed local view of new home sales and starts, the report and accompanying data
file also cover the market level performance on the following related key housing and economic metrics including median income; household growth; median home price;
unemployment rate; existing home sales; permits; and, home ownership rate. www.HousingIntelligence.com/Home-Building-Outlook
About Hanley Wood Market Intelligence
Hanley Wood Market Intelligence is the housing industry’s leading provider of rich data and analytical services on residential real
estate development and new-home construction. Through their proprietary Housing Intelligence database, Hanley Wood Market Intelligence delivers housing insights into more than
800 MSAs and 2300+ counties. www.housingintelligence.com
Hanley Wood, LLC, is the premier media and information company serving the housing and commercial design and construction industries.
Through its operating platforms, the company produces award-winning magazines and Web sites, marquee trade shows and events, market intelligence data and custom marketing solutions.
The company also is North America’s leading publisher of home plans. www.hanleywood.com
Jonathan Smoke Comments on National Association of Realtors Existing Home Sales Report for May
(Washington, D.C.) June 21, 2011 - The National Association of Realtors released their report today on Existing Home Sales for May. As expected, a decline was reported, registering the lowest month of the last six. The seasonally adjusted annual rate for the nation in May was 4.81 million on a seasonally adjusted annual basis, a decline of 3.8 percent from April, and a 15.3 percent decline from 2010. Likewise, NAR reported that median existing home prices declined 4.6 percent year-over-year.
Jonathan Smoke, executive director of research for www.housingintelligence.com/pro, which tracks real estate market conditions in more than 800 markets, says: "The national figures don't tell the full story, as a few areas appear to be already on the road to recovery in terms of volume and pricing power."
If you'd like to interview Smoke for in-depth analysis of local markets or national trends in new construction, remodeling, local real estate conditions or consumer demand, please call Irina Woelfle, IWPR Group (786) 220-5049 or email irina@iwprgroup.com.
If you'd like ongoing updates and commentary from Jonathan Smoke, please send an email to Linda@iwprgroup.com
About Jonathan Smoke
Jonathan Smoke is a national expert on real estate trends and market conditions across the country. As executive director of research for Housing IntelligencePro, he oversees market studies and forecasts on residential housing, multi-family construction, remodeling, economic conditions and consumer demand for over 800 local markets. More at www.housingintelligence.com
About Housing IntelligencePro
Hanley Wood's Housing IntelligencePro is the housing industry's leading independent real estate research and analytical source providing residential construction information for real estate development and new-home construction planning. Housing Intelligence research teams compile the most comprehensive record of home building activity available in the marketplace. Hanley Wood's Housing Intelligence data set contains essential variables such as daily home closings, new home sales, traffic and cancellations, inventory and lot counts, pricing, home attributes, new home community plans, pricing, standard features, amenities, and home buyer profiles. Based on more than 100,000 tracked projects and subdivisions nationwide, Hanley Wood's Housing Intelligence offers in-depth data analysis on trends and market performance on both a national basis and in over 800 local markets, representing over 95 percent of housing in the U.S. Learn more at www.housingintelligence.com
Hanley Wood Market Intelligence and DataMap Intelligence, LLC Enter Into a Data Exchange Partnership and Licensing Agreement
Costa Mesa, CA (December 10, 2009) - Hanley Wood Market Intelligence and DataMap Intelligence enter into an agreement to exchange proprietary new home development data that each company collects in an effort to strengthen both parties flagship products.
"This exchange of core information sets allows Hanley Wood Market Intelligence to strengthen our product offerings to the homebuilding community" said Andrew Reid, President.
Hanley Wood Market Intelligence will be overlaying DataMap STREETS geospatial data project shapes onto existing mapping features in the Builder InfoTools strategic planning solution. The DataMap geospatial project shapes can then be easily be layered onto the underlying map, creating an easy to read visual. Builders and land developers can now see the exact location of virtually all new residential developments within a specific area, the street layout, size and position of lots, types of lots approved for the area, approval dates and other valuable data overlaid on aerial imagery. This will revolutionize the way builders and land developers explore opportunities.
"As a developer, I craved this information..." says Charlie Schwab, President of DataMap Intelligence and a land developer himself. We will be releasing an application for use with GPS enabled smart phones. It will perform the same functions with the added benefit that the information will change as the car travels, thereby displaying all developments within the area, adds Schwab.
About DataMap Intelligence
DataMap Intelligence, LLC is a complete and comprehensive GIS content provider that creates, collects and distributes geospatial data pertaining to virtually all new and emerging residential developments across the United States and Canada. DataMap's products offer endless possibilities by providing real time, manipulative data for companies that depend on accurate and updated geospatial data for new residential developments. What makes DataMap unique is the fact that it has aggregated data pinpointing the exact location of virtually all new and emerging residential developments throughout the United States and Canada, together with their vital characteristics, and DataMap can deliver this data in geospatial format. This combination is currently unavailable elsewhere.
June New-Home Sales Data Highlights Uneven Housing Recovery
August 14, 2009 (Costa Mesa, CA) Providing further evidence of an uneven recovery in the housing industry, Hanley Wood Market Intelligence (HWMI) reported this week that June subdivision sales improved in some Eastern and California markets while others continued to struggle.
Hanley Wood Market Intelligence, which tracks sales in communities of 10 units or more in select markets, reported that net sales in Washington D.C. improved 11 percent in June compared to a year ago. Among the other bright spots, HWMI found that net sales improved by 4 percent in Bakersfield, Calif., 8 percent in Northern New Jersey, and 10 percent in Southern New Jersey.
"In Los Angeles we saw a big 68 percent jump in net sales, but it was due to several condo projects opening, resuming sales, or auctioning units" said Jonathan Dienhart, director of published research for HWMI. "Single family sales are still down 63 percent there and town homes are off 39 percent."
Several of the recovering markets owed their success in part to lower prices. Washington D.C., which appears to be one of the first housing markets to recover, enjoyed its second consecutive month of year-over-year sales increases. Median new-home prices were down 11 percent in June compared to a year earlier.
"Washington D.C. was one of the first markets to fall and it appears to be the first large market to recover," said Boyce Thompson, editorial director of Builder magazine. "This is due in part to strong job growth in the region."
Prices held steady in neighboring Baltimore, a more affordable market, while June new-home sales there lagged last year's levels by 4 percent.
The four percent sales increase in Bakersfield came at a price-a 17 percent decline in median new-home prices.
While new-home sales improved in the northern and southern ends of New Jersey, they were down 19 percent year over year in the central part of the state. Even so, new-home prices held fairly steady in land-constrained Central New Jersey, dropping only 2 percent from the year before.
The most recent sales tallies indicate that some Western markets are bottoming out. In Seattle, for instance, sales were down only 17 percent compared to a year earlier, much better than readings of 30 percent or more earlier in the year. It's a similar story in San Francisco (sales down 15 percent, prices off 8 percent), San Diego (sales down 15 percent, prices up 6 percent), and Phoenix (sales down 13 percent, prices up 19 percent).
Other markets covered by HWMI are still struggling. In the Central Valley of California and Sacramento, for instance, sales in June were roughly half of what they were a year earlier. Chicago, which has been doing much worse this year even than last year, recorded a 62 percent decline in sales in June.
Hanley Wood Market Intelligence is Revolutionizing Housing Market Information with the Launch of Housing IntelligencePro
April 21, 2010 (Costa Mesa, CA)
Costa Mesa, CA (April 21, 2010) - Hanley Wood Market Intelligence (HWMI) is pleased to announce the first phase of a two-part launch of its new flagship product, Housing IntelligencePro. Housing IntelligencePro is the first single-source solution for housing information that covers the entire real estate development lifecycle.
As a business unit of Hanley Wood, LLC - publisher of Builder magazine and 35 other related titles and accompanying Web sites focused on the construction industry - HWMI saw the opportunity to address the growing appetite for housing data among the readership found within the construction industry.
"We found our readers and clients were getting inconsistent answers to their business questions from housing information that originated from multiple sources in the market. As a result, in the past four years we invested a substantial sum of money to create a comprehensive suite of data products and services in one interactive platform to address the needs of our customers. Now we're ready to deliver the housing intelligence our customers need to make smart investment decisions with Housing IntelligencePro" said Andrew Reid, president.
By merging public and proprietary information Housing IntelligencePro redefines how the housing industry will answer critical market questions. The result is in-depth insight at the national and local levels. By tracking all aspects of housing information in the development lifecycle, HWMI is able to provide a consistent data platform across all major housing markets offering a complete view of supply and demand in the marketplace.
As the first single-source for data, Housing IntelligencePro is completely interactive. It encompasses an expanded geographical area and offers sophisticated analytical capabilities - all wrapped into one simple-to-use Web-based application. Below are a few highlights of the initial Housing IntelligencePro release:
- Home Sales by Type - monthly listing of resale, foreclosure, REO and new home sales.
- Achieved Pricing for Home Sales - actual closing prices for new home sales by builder.
- Expanded Market Coverage - 800+ MSAs at expansion completion.
- Consumer Demographics and Psychographics - insight into true market demand.
- Analysis Tools - multi-dimensional analysis of the housing market.
For more information about Housing IntelligencePro, visit www.housingintelligence.com/pro and sign up to receive a free market report in the market of your choice.
About Hanley Wood
Hanley Wood, LLC, is the premier media company serving housing and construction. Through four operating divisions, the company produces award-winning magazines and Web sites, marquee trade shows and events, rich data, and custom marketing solutions. The company also is North America's leading publisher of home plans. Hanley Wood Market Intelligence is the housing industry's leading provider of rich data and analytical services on residential real estate development and new-home construction. The division's customers include home builders, developers, lenders, and building-product manufacturers. Clients use the division's products and services to make critical business decisions on everything from pricing strategy and construction financing to geographic expansion and target marketing. Through proprietary software products and research reports, Hanley Wood Market Intelligence also provides customers with analysis of key trends affecting the housing market. www.hwmarketintelligence.com
Founded in 1976, Hanley Wood is one of the ten largest B-to-B media companies in the United States. Hanley Wood is owned by affiliates of JPMorgan Partners, which uses CCMP Capital Advisors to manage this investment. www.hanleywood.com
Costa Mesa, CA, April 21, 2009 — Today, Hanley Wood Market Intelligence, in partnership with DataSphere, launched www.NewHomeListings.com, a consumer focused website that will connect potential new home buyers to builders by featuring the most comprehensive database of new home community information available online. The NewHomeListings.com approach offers several distinct advantages over other national and regional web sites with new home listings:
- The site will be more compelling to consumers because of its unique and comprehensive content. With approximately 14,000 communities, NewHomeListings.com has twice as many communities as its competitors, covering national, regional and local builders.
- Listings and leads are free. NewHomeListings.com does not charge builders for basic listings or to receive leads. This is a significant advancement from today's business model for this service. Eventually builders will have the opportunity to upgrade their services levels for a fee.
- The NewHomeListings.com platform will deliver greater traffic and actionable leads through its robust syndication network. This network was customized to maximize lead volume and lead quality from other online sites, including sites that currently have no new home content.
"By becoming a marketing partner with our builder clientele we hope to strengthen all of our product offerings throughout the homebuilder community" said Andrew Reid, President. "www.NewHomeListings.com will help new home builders sell homes and benefit the homebuilding industry as a whole."
"With a tremendous depth of rich information for each property, NewHomeListings.com provides the best way for consumers to get a real sense of which new homes are best suited to their needs" stated Satbir Khanuja, CEO, DataSphere. "We are very pleased that Hanley Wood has chosen to use TotalSite™ by DataSphere to power the world class Web site experience on this valuable new resource for builders and consumers alike."
Visit www.NewHomeListings.com for more details.
About DataSphere
DataSphere Technologies, Inc. is a Software as a Service (SaaS) Web technology company. The DataSphere Web Suite offers a comprehensive site creation, hosting and management solution for rich data catalogs that gives Web site owners access to a range of best in class capabilities for automatically attracting traffic from across the Web and delivering an outstanding in-site experience. In addition to powering its own market-leading Web sites (ResortScape.com and LandWatch.com), DataSphere powers Web site experiences for more than 50 other leading companies, including Time Warner Inc., Meredith Corporation, Readers Digest Association Inc. and Hanley Wood, LLC.
DataSphere is headquartered in Bellevue, Washington, USA and led by a team of Internet veterans with backgrounds from Amazon.com, IMDb, Microsoft, RealNetworks and AltaVista.
Housing Industry Veteran Jonathan Smoke Joins Hanley Wood Market Intelligence to Lead Product Development Team
Costa Mesa, CA, February 9, 2009 — Hanley Wood Market Intelligence is pleased to announce the addition of Jonathan Smoke as Senior Vice President, Products and Innovation. In this new role, Jonathan will manage the market intelligence products and drive the future direction of their content and technology. Jonathan has built his reputation as a housing industry expert and brings his experience in consulting, analysis, strategic planning, market research and technology to Hanley Wood Market Intelligence.
"Jonathan's experience and knowledge of the homebuilding industry will propel our strategic planning and development of research solutions to the next level." said Andrew Reid, President of Hanley Wood Market Intelligence. "We continue to enhance our product offering to support the strategic needs of our clients and the industry with the most relevant research and analysis."
Jonathan Smoke is a well respected industry blogger and founder of BlueSmoke, a market research and advisory firm that started and grew several industry focused web sites. His unique background has given him first-hand knowledge of all aspects of the business and how to leverage technology and intelligence to enable builders, developers and industry suppliers to make informed business decisions.
Prior to starting BlueSmoke, Jonathan spent over a decade consulting or working inside national public builders as the industry grew and began leveraging technology and best practices from other industries. He was a senior executive at Beazer Homes for a number of years and held strategic positions ranging from leading Beazer's technology team and developing their award winning customer web-sites to overseeing their corporate strategy for planning, market research, and operational performance management.
"I am thrilled about joining Hanley Wood at such a critical time in the industry. The company has a fantastic platform and an ambitious strategy to provide the intelligence and insight needed to navigate through difficult times, position investments for optimal future returns, and reach and convert customers cost- effectively," said Smoke. "I have tremendous respect for Hanley Wood and look forward to helping all parts of the company leverage the best intelligence we can produce for the benefit of our end clients and the industry."
Hanley Wood Market Intelligence Introduces www.NewHomeListings.com and Announces Expanded Data Coverage
Costa Mesa, CA, January 21, 2009 — Today, Hanley Wood Market Intelligence unveils www.NewHomeListings.com to the builder community, a site where homebuilders can list their communities at no cost and announces expanded coverage of its housing market information into 3 new markets in the Pacific Northwest.
"By increasing our data coverage and utilizing the Hanley Wood Market Intelligence database to create www.NewHomeListings.com we continue to strengthen our strategic offering to builders and the homebuilding industry" said Andrew Reid, President. "Our new initiatives will benefit builders and the homebuilding industry as a whole."
Free Listings for Builders
Homebuilders can now get increased exposure for their new home communities free of charge at www.NewHomeListings.com and take advantage of free leads delivered to them in real time. Detailed information such as pricing, floor plans, exterior images, community information and location maps can be displayed for consumers to view.
The site which will officially launch in the next few weeks will be the most comprehensive resource for homebuyers looking for new construction homes. All communities on the site will receive exposure to over 20 million unique consumers per month via our syndication networks and lifestyle site placements.
Expanded Market Coverage in the Pacific Northwest
As the leading provider of housing market information we track monthly new home sales, pricing and closing information for the homebuilding industry, Hanley Wood Market Intelligence has increased its market coverage to include additional counties in the Seattle-Tacoma-Bremerton, WA market and added coverage for Boise City-Nampa, ID, Portland-Salem, OR, and Spokane-Coeur d'Alene, WA-ID.
New home housing information will be available in March 2009 with sales and inventory statistics which include historical data for trending and market analysis.
Terms of Use
Thank you for visiting our site. In this Terms and Conditions of Use, "we" or "us" or "Hanley-Wood" refers to Hanley-Wood LLC, Hanley Wood Market Intelligence formerly known as Hanley Wood Market Intelligence and its affiliates. We and our affiliated stores and vendors provide our services to you subject to the following terms and conditions.
PLEASE READ THE ENTIRE TERMS AND CONDITIONS OF USE CAREFULLY BEFORE YOU USE THE SITE. IF YOU DO NOT AGREE TO ALL THESE TERMS AND CONDITIONS, YOU MAY NOT USE THE SITE. BY USING THE SITE, YOU ARE DEEMED TO HAVE ACCEPTED THESE TERMS AND CONDITIONS.
TO USE THIS SITE, YOU MUST BE A U.S. RESIDENT AT LEAST 18 YEARS OLD.
Privacy Policy
Account information and certain other information about you is subject to our Privacy Policy. For more information, please see our full Privacy Policy.
Site Use Guidelines
The manufacturer and product information and specifications that we provide are for your information only. Always verify the model and product information when requesting information; if more than one model number appears, it means that those models have the same dimensions and functional specifications, except as noted. Letters in model numbers do not necessarily define product color. Drawings and diagrams may not be to scale, so you should not rely on them. Some of the products listed may no longer be available. Some information provided may not be current, or may have changed since the last time you viewed or downloaded it. Always verify national and local codes. ALL INFORMATION AND SPECIFICATIONS ARE SUBJECT TO CHANGE WITHOUT NOTICE. WE DO NOT IN ANY WAY REPRESENT OR WARRANT THE ACCURACY OR RELIABILITY OF ANY OF THE INFORMATION PROVIDED, AND ALL INFORMATION IS PROVIDED SUBJECT TO THE DISCLAIMERS AND LIMITATIONS OF LIABILITY SET FORTH BELOW. All specific questions about products and availability should be addressed to the manufacturer of the particular product.
Proprietary Rights to Content
You acknowledge and agree that this site contains information, data, software, photographs, graphics, text, images, logos, icons, typefaces, audio and video material, and/or other material (collectively "Content") protected by copyrights, trademarks, or other proprietary rights, and that these rights are valid and protected in all forms, media, and technologies existing now or hereinafter developed. Without limiting the foregoing, the Content includes any reports that may be accessed through the site. The Content is our property or that of our suppliers or licensors. The compilation (meaning the collection, arrangement, and assembly) of all content on this site is our exclusive property and is protected by U.S. and international copyright laws. You may not modify, remove, delete, augment, add to, publish, transmit, participate in the transfer, license or sell, create derivative works from, or in any way exploit any of the Content, in whole or in part. If no specific restrictions are displayed, you may make one copy of select portions of the Content, provided that the copy is made only for your personal information and non-commercial use and that you do not alter or modify the Content in any way, and maintain any notices contained in the Content, such as all copyright notices, trademark legends, or other proprietary rights notices. Except as provided in the preceding sentence or as permitted by the fair use privilege under the U.S. copyright laws, you may not upload, post, reproduce, perform, or distribute in any way any Content without obtaining permission of the owner of the copyright, trademark or other proprietary right.
Trademarks
Hanley-Wood and all related marks are service marks or trademarks of Hanley-Wood LLC. They may not be used or displayed without our prior written consent. All other trademarks, product names and company names and logos appearing on the site are the property of their respective owners, and may be used only with the permission of the particular owner.
User's Account Obligations
In consideration of your use of the site, you agree to: (a) provide true, accurate, current and complete information about yourself as prompted by the form for your account information and (b) maintain and promptly update the account information to keep it true, accurate, current and complete. If you provide any information that is untrue, inaccurate, not current or incomplete, or we have reasonable grounds to suspect that such information is untrue, inaccurate, not current or incomplete, we have the right to suspend or terminate your account and refuse any and all current or future use of the site.
Disclaimers
YOU EXPRESSLY UNDERSTAND AND AGREE THAT:
(a) YOUR USE OF THE SITE IS AT YOUR SOLE RISK. THE SITE IS PROVIDED ON AN "AS IS" AND "AS AVAILABLE" BASIS. TO THE FULLEST EXTENT PERMISSIBLE PURSUANT TO APPLICABLE LAW, WE EXPRESSLY DISCLAIM ALL WARRANTIES OF ANY KIND, WHETHER EXPRESS OR IMPLIED, INCLUDING, BUT NOT LIMITED TO THE IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AND NON-INFRINGEMENT.
(b) WE DO NOT WARRANT OR REPRESENT THAT (i) THE SITE WILL MEET YOUR REQUIREMENTS, (ii) THE SITE WILL BE UNINTERRUPTED, TIMELY, SECURE, OR ERROR-FREE, (iii) THE RESULTS THAT MAY BE OBTAINED FROM THE USE OF THE SITE WILL BE ACCURATE OR RELIABLE, (iv) THE QUALITY OF ANY PRODUCTS, SERVICES, OR INFORMATION, OR OTHER MATERIAL PURCHASED OR OBTAINED BY YOU THROUGH THE SITE WILL MEET YOUR EXPECTATIONS, (v) THE SERVER THAT MAKES THE SITE AVAILABLE IS FREE OF VIRUSES OR OTHER HARMFUL COMPONENTS; OR (vi) ANY ERRORS IN THE SOFTWARE WILL BE CORRECTED.
(c) ANY MATERIAL DOWNLOADED OR OTHERWISE OBTAINED THROUGH THE USE OF THE SITE IS DONE AT YOUR OWN DISCRETION AND RISK AND THAT YOU WILL BE SOLELY RESPONSIBLE FOR ANY LOSS OR DAMAGE INCURRED, INCLUDING, WITHOUT LIMITATION, DAMAGE TO YOUR COMPUTER SYSTEM OR LOSS OF DATA THAT RESULTS FROM THE DOWNLOAD OF ANY SUCH MATERIAL. YOU (AND NOT US OR ANY OF OUR AFFILIATED COMPANIES OR ANY OF OUR OR THEIR RESPECTIVE LICENSORS OR SUPPLIERS) ASSUME THE ENTIRE COST OF ALL NECESSARY SERVICING, REPAIR OR CORRECTION.
(d) NO ADVICE OR INFORMATION, WHETHER ORAL OR WRITTEN, OBTAINED BY YOU FROM US OR THROUGH OR FROM THE SITE SHALL CREATE ANY WARRANTY NOT EXPRESSLY STATED IN THESE TERMS AND CONDITIONS OF USE.
APPLICABLE LAW MAY NOT ALLOW THE EXCLUSION OF IMPLIED WARRANTIES, SO THE ABOVE EXCLUSION MAY NOT APPLY TO YOU.
Limitation of Liability
WE SHALL NOT BE LIABLE FOR ANY DIRECT, INDIRECT, INCIDENTAL, SPECIAL OR CONSEQUENTIAL DAMAGES, RESULTING FROM THE USE OR THE INABILITY TO USE THE SITE OR FOR THE COST OF PROCUREMENT OF SUBSTITUTE GOODS AND SERVICES OR RESULTING FROM ANY GOODS OR SERVICES PURCHASED OR OBTAINED OR MESSAGES RECEIVED OR TRANSACTIONS ENTERED INTO THROUGH THE SITE OR RESULTING FROM UNAUTHORIZED ACCESS TO OR ALTERATION OF YOUR TRANSMISSIONS OF DATA, INCLUDING BUT NOT LIMITED TO, DAMAGES FOR LOSS OF PROFITS, USE, DATA OR OTHER INTANGIBLE, EVEN IF WE HAVE BEEN ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.
BECAUSE SOME STATES DO NOT ALLOW THE EXCLUSION OR LIMITATION OF LIABILITY FOR CONSEQUENTIAL OR INCIDENTAL DAMAGES, IN SUCH STATES LIABILITY IS LIMITED TO THE FULLEST EXTENT PERMITTED BY LAW.
IF YOU ARE DISSATISFIED WITH ANY PORTION OF THE SERVICE, OR WITH ANY OF THESE TERMS OF USE, YOUR SOLE AND EXCLUSIVE REMEDY IS TO DISCONTINUE USING THIS SITE AND ITS RELATED WEB SITES.
Waiver of Jury Trial
THE PARTIES HEREBY IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.
Indemnification
You agree to indemnify and hold us, and our subsidiaries, affiliates, officers, agents, co-branders or other partners, and employees, harmless from any claim or demand, including reasonable attorney's fees, made by any third party due to or arising out of Content you submit, post to or transmit through the Site, your use of the Site, your connection to the Site, your violation of the terms of service, or your violation of any rights of another.
Export Control
The U.S. export control laws regulate the export and re-export of technology originating in the United States. This includes the electronic transmission of information and software to foreign countries and to certain foreign nationals. You agree to abide by these laws and their regulations, including but not limited to the Export Administration Act and the Arms Export Control Act and not to transfer, by electronic transmission or otherwise, any Content derived from the Site to either a foreign national or a foreign destination in violation of such laws.
Links to Third Party Sites
This Site may contain links to other Internet sites on the World Wide Web. We provide such links for your convenience only, and are not responsible for the content of any site linked to or from this Site. Links from this Site to any other site do not mean that we approve of, endorse or recommend that site, other than the sites of affiliates. We disclaim all warranties, express or implied, as to the accuracy, legality, reliability or validity of any content on any other site. You hereby waive any claim you might have against us with respect to such other sites.
Submissions
If you send any communications or materials to the Site by electronic mail or otherwise, including any comments, data, questions, suggestions or the like, all such communications are, and will be treated as, our property. Thus, you give up any claim that any use of such material violates any of your rights including moral rights, privacy rights, proprietary or other property rights, publicity rights, rights to credit for material or ideas, or any other right, including the right to approve the way we use such material. Any material submitted to this Site may be adapted, broadcast, changed, copied, disclosed, licensed, performed, posted, published, sold, transmitted or used by us anywhere in the world, in any medium, forever. Furthermore, we are free to use, without any compensation to you, any concepts, ideas, know-how or techniques contained in any communication you send to the Site for any purpose whatsoever, including but not limited to developing, manufacturing and marketing products using such information. However, you understand and agree that we are not obligated to use any such ideas or materials and you have no rights to compel such use.
Applicable Law
These terms will be governed by and construed in accordance with the laws of the State of Delaware, without regard to any principles of conflicts of law. You agree that any action at law or in equity that arises out of or relates to these terms will be filed only in the state or federal courts located in Delaware, and you hereby consent and submit to the personal jurisdiction of such courts for the purposes of litigating any such action.
International Use
We make no representation that materials on this Site are appropriate or available for use in locations outside the United States, and accessing them from territories where their contents are illegal is prohibited. Those who choose to access this site from other locations do so on their own initiative and are responsible for compliance with local laws.
Termination
We may terminate your access, or suspend any user's access to all or part of the site, without notice, for any conduct that we, in our sole discretion, believe is in violation of any applicable law or is harmful to the interests of another user, a third-party provider, a service provider, or us.
General Information
These Terms and Conditions of Use constitute the entire agreement and understanding between you and us, superseding any prior agreements and understandings, and govern your use of the Site. You also may be subject to additional terms and conditions that may apply when you use affiliate services, third-party content or third-party software. Our failure to exercise or enforce any right or provision of the Terms and Conditions of Use shall not constitute a waiver of such right or provision. If any provision of the Terms and Conditions of Use is found by a court of competent jurisdiction to be invalid, the parties nevertheless agree that the court should endeavor to give effect to the parties' intentions as reflected in the provision, and the other provisions of the Terms and Conditions of Use remain in full force and effect. You agree that regardless of any statute or law to the contrary, any claim or cause of action arising out of or related to use of the Site or the Terms of Use must be filed within one (1) year after such claim or cause of action arose or be forever barred.
The section titles in the Terms and Conditions of Use are for convenience only and have no legal or contractual effect.
No agency, partnership, joint venture, employee-employer or franchiser-franchisee relationship is intended or created by these Terms and Conditions of Use.
Any rights not expressly granted herein are reserved by and for us.
Copyright Complaints
We respect the intellectual property of others, and we ask our users to do the same. If you believe that your work has been copied and is accessible on the Site in a way that constitutes copyright infringement, you may notify us by providing our copyright agent the following information:
(1) an electronic or physical signature of the person authorized to act on behalf of the owner of the copyright interest;
(2) a description of the copyrighted work that you claim has been infringed;
(3) identification of the URL or other specific location on the Site where the material that you claim is infringing is located;
(4) your address, telephone number, and email address;
(5) a statement by you that you have a good faith belief that the disputed use is not authorized by the copyright owner, its agent, or the law;
(6) a statement by you, made under penalty of perjury, that the above information in your notice is accurate and that you are the copyright owner or authorized to act on the copyright owner's behalf.
Our agent for notice of claims of copyright infringement on the Site can be reached at:
Shawn Edwards
Hanley Wood Market Intelligence
555 Anton Boulevard, Suite 950
Costa Mesa , CA 92626
(714) 540-8500
sedwards@hanleywood.com
Modification of Agreement
Notice of all changes to these Terms and Conditions of Use will be delivered via email, and the changed Terms and Conditions of Use will be posted on the site . You will have the time set forth in such notice to inform us if you do not agree with the changes. If you do not agree with the changes in the Terms and Conditions of Use, your sole remedy is to discontinue the use of the site. BY USING THIS SITE AFTER WE POST ANY CHANGES TO THIS POLICY, YOU THEREBY AGREE TO ACCEPT THOSE CHANGES.
Notices
All notices provided for under these Terms and Conditions of Use are to be provided by email. As set forth above, it is your sole responsibility to ensure the accuracy and reliability of the email address that you provide, and all of our notice delivery obligations shall be deemed completed upon the transmission of the email notice from our computer systems, whether or not such notices are in fact received by you. Any email sent to us shall be deemed received by us at the time such notice is actually received on our computer system.
Any inquiries concerning these terms and conditions of use should be directed to sedwards@hanleywood.com
Hanley Wood Market Intelligence Online Privacy and Security Policy
Our Philosophy
Hanley Wood Market Intelligence has developed this privacy policy to demonstrate our firm commitment to your privacy and security. As such, we give you the power to decide how much information you provide combined with the ability to view or update your information at any time. All transactions with Hanley Wood Market Intelligence are designed to empower your business decisions.
Information We Collect
We need your e-mail address and a password of your choosing, to set-up and login to your account.
Periodically, we may also ask for other information as part of a survey. It is not mandatory for you to answer these questions. If you decide to answer these questions, your individual answers will remain confidential. We will only use non-personally identifiable survey information in the aggregate to study statistical results.
We collect traffic patterns and site usage information throughout our site. As part of this we collect non-personally identifiable information, such as the URL last visited prior to entering our site, type of internet browser, IP address, and the URL visited upon leaving out site if it is a link from, or advertiser on our site. In addition, we use Cookies to assign a unique, random number to identify your computer. Cookies, by themselves, cannot identify you or any other individual using your computer. Cookies allow us to keep track of shopping carts, login information (for increased security), and site traffic patterns and usage.
How We Use Your Information
At Hanley Wood Market Intelligence we continuously strive to improve your experience on our site. To do so, we internally use identifiable information to personalize the customer experience and to improve our content and product offering, marketing and promotional efforts, and site design and layout.
We develop summary-non individual-reports about our customers. Although these reports may be shared with our partners or advertisers, we will never disclose personally identifiable statistics.
Disclosure of your Information
We do not sell or rent any personally identifiable information about you to any third party. We may share non-personal, aggregate information regarding customer demographics, traffic patterns, sales, and site usage with our partners or advertisers. We will never willfully disclose personally identifiable information about our customers to any third party without our customers' prior consent. We are required to share certain information with our partners, in accordance with our Security Policy. Certain information will never be disclosed, including your password.
In special cases Hanley Wood Market Intelligence may believe it is necessary to disclose identifiable information in order to identify, contact or bring legal action against someone who may be violating or causing injury to or interference with Hanley Wood Market Intelligence's rights or property, other users, or any other party that could be harmed by such activities. We may also disclose or access personally identifiable information when we believe in good faith that the law requires it.
Other companies that have links or do advertisements on our site may collect information about you when you click on their advertisement or link. We do not control the collection of this information and suggest you read the privacy statements of each of these companies.
Changing Your Personal Information
You may correct and update your information at any time. All you have to do is go to View Account and choose e-mail address and password to edit the information.
Deactivating Your Name
At any time, you can at any time deactivate your name from our customer database by e-mail at hwmicustomerservice@hanleywood.com. Deactivation of your name will not remove your previous transaction history. However, this information will be stored by your unique number associated with your Cookie, not by any individually identifiable information. This information will not be able to be reactivated at such time.
For accounting, legal, and customer service reasons you cannot completely delete personal information entered to establish your first and subsequent purchases.
Your Consent
By using the Hanley Wood Market Intelligence web site and the services available to you on our site, you consent to the collection and use of your information as described above. If we change our privacy policy, we will immediately post the changes on this page so that you are always aware of our policies.
Links on our Site
Hanley Wood Market Intelligence has provided links to various sites that we believe provide valuable information to you, our viewer. However, we are not responsible for the privacy practices, content, or actions of such web sites.
Security Policy
How We Protect Your Information:
We utilize all appropriate security and encryption methods provided by VeriSign™ and Authorize.net™. Hanley Wood Market Intelligence uses Secure Socket Layer (SSL) technology, a security standard supported by Microsoft Internet Explorer (3.0 and higher) and Netscape Navigator (2.0 and higher), whenever sensitive information is transmitted between your browser and our network and when we transmit between our network and Authorize.net™. Furthermore, your credit card and other personal information will be (a) encrypted (using 128-bit encryption) when transmitted through any part of our computer network, (b) secured behind a computer firewall when retained in our electronic files and (c) protected by password thereby accessible only by entering your user name and password.
