As I said this guy is building a dream studio and so far using mostly hi end gear. Seems price is no object.
I myself will be building my own treatment using Rock Wool ( Roxul)  which we actually manufacture here in town. I also have a pile of Cedar T&G that's going on the walls first. 
 

Price is always an object. If it wasn't, one would construct a purpose-built building to the ideal dimensions and hire a professional acoustician to treat it.

bitflipper
being closed-back, are good for a home studio

This is something to consider. It would rule out choices like the HS8. If one wanted a Yamaha solution without a rear facing port look at the MSP series.

Also, look at http://www.nextacoustics.com for sound absorption. The owner split from auralex years ago and started making his own products. They're less expensive than auralex, and the quality is great. I have their monitor risers, and I definitely like them better than the auralex. These let you adjust the tilt of the monitors.

If you have the time, DIY room treatment is a far better deal than Auralex and other name-brand treatments. Lots of online resources for that. Otherwise, another name to look at is GIK Acoustics, who sell bass traps as well as the usual absorption & diffusion devices. Lots of helpful info on their site.
 
And +1 to the suggestion of buying used monitors -- you'll likely save a lot of money that way.
 
Cheers,
Eddie
 

Wow...good info. I'm going to summarize and print for my information: 1) consider used monitors ()where? ebay I suppose hmmm call local studios/ craigs list). 2) consider closed back (which undermines Yah HSs). Note-to-self research pros/cons of closed back.
 
By-the-way, I have been wondering about 8" woofers: Coming from 5", perhaps I'm better off with 6.5-7". I will be moving into a bigger room, but hmmmm.
 
Room treatment: auralex/realtraps.com/nextacoustics.com/GIKacoustics
 
thanks guys!

Closed-back monitors would be best if they have a wall right behind. A rear port would tend to bounce sound off the wall, leading to odd reflections that would be tough to deal with. Fortunately, there are plenty of monitors that don't have a rear port, including the Equators I mentioned -- and if your budget is up to $1K/pair, their D8 model, with an 8" woofer, is worth looking at. $749/pair. 
 
If your room is spacious and well-treated, you should be able to accommodate 8" monitors. Otherwise, 5" (with or without a subwoofer) might work better.
 
Here's a good list of recommended monitors on GS.
 
Have fun!
 
Cheers,
Eddie
 
 
 

Thanks Eddie,
 
Yes...going without rear ports makes a lot of sense and I will be near a wall. I just looked at the D8's (via your link); I'll explore them some more; they are intriguing. I have found myself getting somewhat hooked on the Yamaha MSP7s........getting close to a decision; may go to gtr center tomorrow.
 
 
thanks,
 
k

I would say just get the one that fits you budget man with all the bells and whistles you think you need, and use it for everything, listen to all kinds music you like with it extensively until you learn how the monitors behave in your room.

Sorry I was unaware the Yamaha HS where rear ported, On Sweetwater they say ported but I just looked at a picture and yes they are,, That takes them off my shopping list for sure as I will not have a meter bridge set up. 
My friend has his about 4 feet from a dead wall. Mine will be a few inches so that does not work. I'm not sure about the MSP series being of the same quality. I'd lump those back in to my "I'd have to try them" list. You certaily don't see those on professional meter bridges. Genelec is a common brand used by the pros.