October 19, 2018 by Zelman & Associates
In June of this year, we analyzed preliminary 2017 birth data that revealed a surprising 2.3% drop from 2016, including a 1.3% decline for women at least 25 years old, which reversed similar growth in the prior year. With more detailed data ...
Filed Under
demographics
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 ...
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 ...
Filed Under
demographicsmacro housingmillennials
June 15, 2018 by Zelman & Associates
According to our analysis of Census Bureau data, in 2016, 35% of 25-39 year olds had earned a Bachelor’s degree or higher, continuing a multi-decade increase. For comparison, the share stood at 31% in 2010, 27% in 2000, 24% in 1990, 23% in ...
Filed Under
demographicshomeownershipstudent debt
June 01, 2018 by Zelman & Associates
From 2007-16, national births declined 9% in total and 1.0% per year, a drag that has been unmatched over the last four decades, which can be attributed to slower adult population growth, shifting age cohorts, secular changes in young adult ...
Filed Under
demographics
May 18, 2018 by Zelman & Associates
The importance of demographics to the overall housing market is widely understood and discussed, but is also often misinterpreted in our opinion. One area of heavy demographic focus today is on the “Millennial” generation and how its size, ...
Filed Under
demographicsmillennials
May 04, 2018 by Zelman & Associates
When tax reform became a meaningful conversation in late-2017, there was widespread concern that de-emphasizing itemized deductions for property taxes and mortgage interest would serve as a marginal headwind to the desire for homeownership ...
Filed Under
demographicshomeownership
April 06, 2018 by Zelman & Associates
From 2011-17, the median existing home price appreciated by 5.9% per year and the median multi-family rental rate climbed by 3.5% annually. Both figures outstripped our calculation of entry-level income growth at 2.2% per year. Naturally, the ...
Filed Under
affordabilitydemographicsmacro housing
February 09, 2018 by Zelman & Associates
We have previously written extensively about the outlook for homeownership, including in a November 2016 analysis titled “Why We Believe the Homeownership Rate Has Bottomed.” Recent trends from the Housing Vacancy and ...
Filed Under
demographicshomeownership
February 09, 2018 by Zelman & Associates
In 2017, we estimate that there were approximately 6.4 million home closings, inclusive of existing home transactions and new construction. We further estimate that 79% of these homes were purchased by owner-occupants, as opposed to investment ...
Filed Under
demographicsentry-levelexisting home sales
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey
