Tag: housing

Aging Housing Stock and Land Availability Segments Country in Housing Needs

March 09, 2018 by Zelman & Associates

As of 2017, we estimate that there were approximately 124 million households spread across the country, represented by single-family homes (68%), 5-plus unit multi-family buildings (18%), duplexes to quadplexes (8%) and manufactured housing ...

How at Risk is Homeownership with Mortgage Interest Deduction Deemphasized?

January 12, 2018 by Zelman & Associates

There are several pieces of tax reform that directly or indirectly affect the housing market, but the degree to which these items matter has been a hot topic of debate since legislation was proposed and ultimately passed. The conversation has ...

As Most Tax Payers Benefit from Tax Cuts, Where are the Losers?

January 12, 2018 by Zelman & Associates

According to The Joint Committee on Taxation, the Tax Cuts and Jobs Act is expected to reduce taxes by approximately $135 billion in 2018 and $280 billion in 2019. For the two years on a combined basis, almost 65% of the savings are projected ...

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Filed Under
macro housing

Keep it Simple: A State-Level Look at Population Growth and Housing Demand

December 29, 2017 by Zelman & Associates

Once a year, the Census Bureau releases population estimates for the country, states and local areas, which help to gauge trends between the more expansive decennial censuses. Last week, the national and state estimates as of July 2017 were ...

National Mortgage Debt Climbing Again but Leverage Healthier than You’d Think

December 29, 2017 by Zelman & Associates

According to the Federal Reserve Bank of New York’s (FRBNY) quarterly report on household debt and credit, residential mortgages accounted for 71% of outstanding liabilities in 3Q17, far surpassing student loans (10%), auto loans (9%) and credit ...

Is Angst About Possible Change to Mortgage Interest and Other Deductions Justified?

November 17, 2017 by Zelman & Associates

Over the last two weeks, committees in the House of Representatives and Senate released tax plan proposals that aimed to lower personal and corporate taxes. On the personal side, while the two proposals have many nuances and variances in how ...

Questions Arise as Residential Investment in GDP Hits Softest Growth Since 2Q11

November 03, 2017 by Zelman & Associates

Last week, the Bureau of Economic Analysis (BEA) released its preliminary estimate of 3Q17 GDP growth. As measured directly, investment in residential structures is on pace to average approximately $730 billion this year, accounting for almost ...

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Filed Under
macro housing

Do You Realize the Unreliability of Widely-Cited Construction Spending Statistics?

October 06, 2017 by Zelman & Associates

Every month, the Census Bureau publishes The Value of Construction Put in Place Survey, which is intended to provide monthly estimates of the total dollar value of construction work done in the United States. As it relates to the residential ...

Highlights from Zelman & Associates’ 10th Annual Housing Summit

September 22, 2017 by Zelman & Associates

Last week, our firm celebrated its 10th Annual Housing Summit – an event that welcomes hundreds of our institutional investor clients and leading industry executives operating across all sectors tied to the housing market. Over the two-day ...

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Filed Under
macro housing

Are Buffett, Japanese Companies the Catalysts to Unlock Innovation in Construction?

September 22, 2017 by Zelman & Associates

Earlier this month, we discussed how labor constraints have resulted in construction cycle times becoming extended to the second longest level among expansion periods dating back to 1990, trailing only 2005 when industry ...