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Tag: home pricing

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 ...

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 ...

Is the Entry-Level Affordability Crunch Real?

March 23, 2018 by Zelman & Associates

In 2017, the median existing home sold in the United States cost approximately $206,250, according to CoreLogic’s public record database, which we view as an appropriate proxy for the entry-level price point. That was 5.3% higher than in 2016, ...

With Limited New Home Price Data, Where Do Prices Really Stand Versus Peak?

July 14, 2017 by Zelman & Associates

There are various price indices that track existing home trends with sophisticated algorithms that rely on repeat sales transactions to produce high-quality datasets, including CoreLogic, Case-Shiller, the Federal Housing Finance Agency and ...

Don’t Be Confused, A Good Time to Sell is a Good Thing to Hear

June 16, 2017 by Zelman & Associates

Beginning in mid-2010, Fannie Mae began publishing a monthly survey of approximately 1,000 households, canvassing various perceptions related to the housing market and economy. One of the questions asked monthly is: “In general, do you think ...

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home pricing

Despite Home Price Strength, Entry-Level Affordability Still Screens Favorably

June 02, 2017 by Zelman & Associates

There are numerous home price measures that are provided by the government and private entities, both for free and at a charge, that offer market participants a general understanding of national pricing. Given a very high correlation across ...

Are New Home Prices Rising Too Quickly?

May 19, 2017 by Zelman & Associates

According to our monthly private homebuilding survey that canvasses approximately 15% of the national production market, new orders increased 14% year over year in April, the lowest rate of growth since October and below the ...

Lumber Inflation Surrounding Canadian Tariff Just Another Pressure on Builder Costs

May 05, 2017 by Zelman & Associates

In late April, the Department of Commerce announced countervailing duties, or a tariff, on imported softwood lumber from Canada, ranging from 3-24% for the largest producers and 20% for all other mills. The tariffs were largely expected by ...

Higher Interest Rates a Near-Term Speed Bump for Home Price Appreciation

December 16, 2016 by Zelman & Associates

Given transparency in home prices through multiple listing services and public records, there are an abundance of data providers tracking the market. To simplify the discussion, we rely on our aggregate existing home price index that incorporates ...

After Strong Home Price Increases This Cycle, Affordability Still Screens Favorably

September 09, 2016 by Zelman & Associates

There are numerous home price measures that are provided by the government and private entities, both for free and a charge, that offer market participants a general understanding of national pricing. Given that all of the datasets have their ...