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The Zelman Buzz

Exclusive insights and analyses from our industry-leading research team

Investors, Executives Debate Housing Uncertainty at 11th Annual Housing Summit

October 05, 2018 by Zelman & Associates

Last week in Boston, Zelman & Associates hosted its 11th Annual Housing Summit, welcoming over 600 institutional investors and industry executives. Over the course of two days, the most important aspects of the housing outlook were detailed ...

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Filed Under
macro housing

Has the New Home Premium to Existing Homes Gotten Too Wide?

October 05, 2018 by Zelman & Associates

Of late, there is an argument surfacing that new home pricing has become too expensive relative to the existing home alternative. It goes something like this: the median new home price reported by the Census Bureau over the last four quarters ...

Refuting Three Common Misperceptions of Wall Street Single-Family Landlords

September 21, 2018 by Zelman & Associates

In 2004, when homeownership was at an all-time high, there were over 11 million single-family rental households that provided shelter for over 32 million people. Although renting a home has always been a housing option, representing more than ...

A Look at the Pitfalls of the Most-Cited Household Formation Time Series

September 07, 2018 by Zelman & Associates

Once a quarter, the Census Bureau publishes the results of its Housing Vacancy Survey (HVS), which includes estimates for occupied housing units, also referred to as households, vacancies and the homeownership rate. Given its frequency, the ...

Affordability Reportedly at 10-Year Low – Is it Fear Mongering?

August 24, 2018 by Zelman & Associates

Two weeks ago, the National Association of Home Builders (NAHB) published its Housing Opportunity Index, which is intended to frame housing affordability across the country. The index is calculated on a 0-100 scale, with higher values aligned ...

Worried About Boomers Selling? – Busting the “McMansion” Myth

August 10, 2018 by Zelman & Associates

As of 2017, we estimate that there were approximately 78 million single-family detached homes in the country, of which 65 million were owner-occupied. We further estimate that Baby Boomers – defined as people born from 1946-64 – owned almost ...

Young Adult Homeownership Rises Again and We’re Optimistic it is Just the Start

July 27, 2018 by Zelman & Associates

According to data just released by the Census Bureau, the national homeownership rate continued its cyclical recovery, averaging 64.3% in 2Q18. This is 60 basis points stronger than in 2Q17, marking the sixth consecutive quarter that year-over-year ...

Don’t Let Fiction Override Facts When it Comes to Millennials, Births and Housing

July 13, 2018 by Zelman & Associates

In late May, the Center for Disease Control and Prevention (CDC) released preliminary 2017 birth data. The totals were surprisingly weak after six years of strength among key age cohorts. Naturally, the weakness spurred numerous ...

2018 Economic Activity on Pace for Biggest Upside Surprise This Cycle

July 13, 2018 by Zelman & Associates

Economists have the unenviable task of predicting the future across a wide host of sectors, handicapping international and political influences along the way. The crystal ball requirement obviously leaves the profession with a mixed track record ...

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Filed Under
macro housing

Real Estate is Local, but the Macro Can Make or Break Your Business

July 13, 2018 by Zelman & Associates

All real estate is local. That is a truism rarely doubted. It is often meant to convey that location matters more than most else and can often overcome other challenges. Taken further, many housing market executives spend an exorbitant amount ...