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hugh-pavletich

HUGH PAVLETICH

Fellow Urban Development Institute of Australia (FDIA)

Former President –
Southern Division – Property Council of New Zealand

Co author – Annual
Demographia International Housing Affordability Survey

Demographia.com


CONTACT
+64 3 343 9944
Christchurch, New Zealand



 

 

 

2019 Information

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2019 15th ANNUAL DEMOGRAPHIA INTERNATIONAL HOUSING AFFORDABILITY SURVEY

Media Release

Demographia In The News

Hugh Pavletich In The News

Access IPSOS New Zealand Issues Monitors

 

The KiwiBuild failure should galvanise urgent action on NZ's housing disaster – EDITORIAL - The Listener

 

New Zealand Vowed 100,000 New Homes to Ease Crunch. So Far It Has Built 47. - The New York Times

 

Lack of land, infrastructure blamed for rising Tauranga house prices … Newshub

 

Government needs to act quickly to fix housing market … Hugh Pavletich discusses with Mike Yardley … NewstalkZB

 

Housing in all main NZ markets now 'severely unaffordable' … Hugh Pavletich discusses with Morning Reports Susie Ferguson … Radio New Zealand

 

Labour will lose in 2020 without more progress on housing affordability: Pavletich - NZ Herald

 

Young Kiwis demand affordable housing … with the vege patch, fruit trees and chook shed … Jo McCarroll … Stuff NZ

 

Entrepreneurs and businesses see benefits of working on the (South Island) West Coast | Joanne Carroll | Stuff.co.nz

 

Priced out: Home buyers who can't afford provincial cities are heading to these hot spots | Catherine Harris | Stuff co nz

 

REINZ welcomes Tindall’s comments on housing affordability | Scoop News

New Zealand housing crisis: just 47 'affordable' homes built in six months | Eleanor Ainge Roy | World news | The Guardian

The Kiwi dream: Cty-weary New Zealanders flock to the regions | Eleanor Ainge Roy | Cities | The Guardian

… The political direction is clear …

 New Zealaned Housing Minister Phil Twyfords speech to the New Zealand Initiative Members Retreat late March … New Zealand Government / Beehive

… extract … 

… In our view there are three big challenges that have to be addressed:

1. A broken system for financing infrastructure

2. A planning system based on urban containment

3. The failure of governments until now, both local and central, to actively work with the private sector to enable urban growth and expansion. 

… concluding … 

… I talked about the land banking and speculative economy, and the pressure cooker that has given us some of the most obscenely expensive housing in the world. 

These moves are designed to change that. … 

… If we do these things we can truly flood the market with development opportunities. We can break the land banking economy, and drive down the cost of urban land. 

We can achieve more competitive urban land markets. And industry that is more focused on development and building places of enduring value instead of land banking and speculation.

That is the pathway to more affordable housing, and a systemic fix of the crisis that has caused so much hardship, and sucked so much of our national wealth into residential property instead of the productive economy.

… read more via hyperlink above …

Don Brash praises Phil Twyford's housing speech | Newshub 

Oliver Hartwich says the rest of Phil Twyford's housing policy is sufficiently ambitious and radical to solve NZ's housing problems without recourse to KiwiBuild | interest.co.nz

Housing Minister's concern as report reveals New Zealand cities 'performing poorly' | Newshub


Estimated population up in all regions … 22 October 2019… Statistics NZ


Greater Christchurch (ChCh,; Waimak; Selwyn) growth 2.0%
Auckland growth 1.5%
. further example of the accelerating 'flight to affordability' .
. for households and businesses


Christchurch City councillors in line for 11 per cent pay rise … Tina Law … The Press


Top (Christchurch) council staff 'manipulated' reports to hide bad news from councillors and public … Tina Law & Dominic Harris … The Press


Speech to Government Economics Network 2019 Conference … Hon Phil Twyford … MZ Govt / Beehive


Ipsos NZ Issues Monitor November 2019


Survey finds Kiwis' backyard dream still alive and well (Westpac Bank) … Scoop New Zealand


New stand-alone houses (consents / approvals) pick up October … Statistics New Zealand


The 'New Zealand Dream' is still alive … Wendell Cox … New Geography


Labour New Zealand poll result lowest in two years, National-ACT could form Govt - 1 NEWS Colmar Brunton poll … TVNZ


It's time to make Dallas a premier engine of upward mobility … (Comment) Cullum Clark … Dallas Business Journal


Californians Flock To Texas As Corporations Seek Cheaper Pastures … Zerohedge


Kiwis' obsession for building bespoke houses is costing them a fortune | OPINION Julien Leys, CE of the NZ Building Industry Federation | Stuff.co.nz


The average home price in every American state - and what you get for your money | Marissa Perino | Stuff.co.nz


How D.R. Horton, late in the cycle, lifted home closings 13%: 'It's all about price' | Commentary | Mitchell Schnurman | Dallas News


… extract … 

… But take some comfort in the latest results from D.R. Horton, the nation's largest homebuilder. On Wednesday, the Arlington company reported that home closings soared 13% in the latest quarter, extending a streak of double-digit gains that started in 2012.

Horton is on pace to close almost 57,000 homes this fiscal year, finally topping its previous peak in 2006, just before the housing crash.

Its stock price has roared back, too. Horton's market value tops $17 billion, up from $2.9 billion eight years ago. And last week, the company's board authorized $1 billion in stock buybacks.…

One key to its run: Horton has ramped up construction of lower-priced homes, appealing to first-time buyers and empty-nesters looking for more affordable options. . 

Its stock price has roared back, too. Horton's market value tops $17 billion, up from $2.9 billion eight years ago. And last week, the company's board authorized $1 billion in stock buybacks.…

. "The demand is there, if you can position and drive a price that they can buy," Auld said.

Horton has a deep supply of land - 300,000 lots either owned or controlled. And it operates in 87 markets in 29 states.

… read more via hyperlink above …

Horton's edge on price.

Average selling price for select builders' homes in second quarter of 2019, in thousands:

D.R. Horton $294
KB Home $368
NVR Inc $372
Meritage $382
Hovnanian $406
Lennar $408
PulteGroup $430
M.D.C. Holdings $484
Toll Brothers $826

D R HORTON - AMERICA'S LARGEST HOMEBUILDER


Lot Values Hit Record Highs…Natalia Sineavskaia… U.S National Association of Home Builders


http://eyeonhousing.org/2019/11/lot-values-hit-record-highs/


According to NAHB's analysis of the Census Bureau's Survey of Construction (SOC) data, median single-family lot prices outpaced inflation once again (4.4% vs 2.4%) and reached new record high in 2018, with half of the lots selling at or above $49,500. The most dramatic rise in lot values is observed in the West South Central division where median lot values more than doubled since the housing boom years.…


… read more via hyperlink above …

4 out of 5 Americans say there is a housing affordability crisis (NAHB Survey)… Mortgage Professionals of America Magazine


Watch again: "MPs are servants of the people" Boris Johnson gives speech in North East… UK Telegraph / Youtube


Ipsos MORI Issues Index United Kingdom September 2019: Lack of faith in politics reaches new high


Boris Johnson plans radical overhaul of civil service to guarantee 'people's Brexit'… Edward Malnick … UK Telegraph


Now for the Boris Johnson revolution: PM to reshape Britain…Tim Shipman…The UK Sunday times / The Australian


A closer look at Phil Twyford's much-anticipated Bill that will give central government the power to fast-track large urban development projects… Jenee Tibshraeny … Interest Co NZ


New infrastructure funding tool to build housing developments faster… Hon Phil Twyford … NZ Government


New Infrastructure Funding Tool … The Treasury … NZ Government


National proposes introducing congestion charges and charging all motorists based on how much they travel; It reaffirms its commitment to scrapping Auckland's fuel tax and not hiking the petrol excise duty in its first term … Jenee Tib


National doesn't propose doing anything radically different to address NZ's housing shortage; RMA reform remains central to its policy … Jenee Tibshraeny … Interest Co NZ


Building NZ: RMA Reform & Housing Discussion Paper … Hon Judith Collins … New Zeal;and National Party