July 14, 2017 by Zelman & Associates
In her testimony to the House Financial Services Committee earlier this week, Federal Reserve Chair Janet Yellen noted that “the [Federal Open Market Committee] will be monitoring inflation developments closely in the months ahead.” The cautionary ...
Filed Under
macro housing
July 14, 2017 by Zelman & Associates
Having the responsibility of consistently predicting the future in a public forum is not for the faint of heart. Thus, we do not envy economists that are forced to opine on such far-reaching themes as energy, international trade, the consumer ...
Filed Under
macro housing
June 30, 2017 by Zelman & Associates
Over the last 30 years, investment in residential structures has accounted for approximately 4% of national gross domestic product (GDP). This component of GDP as defined by the Bureau of Economic Analysis covers new construction of single-family ...
Filed Under
macro housing
June 16, 2017 by Zelman & Associates
Last week, ATTOM Data Solutions released its quarterly Home Flipping Report, meant to quantify homes that were purchased and sold within a 12-month period in an arms-length transaction. Historically, we believe that house flipping has carried ...
May 19, 2017 by Zelman & Associates
We utilize a proprietary tracking of residential electric customers to supplement our views on household formation, which has proven critical to our overall housing thesis during periods of volatile government data. ...
Filed Under
household formationhousing starts
April 21, 2017 by Zelman & Associates
In 2016, real GDP increased 1.6%, tying 2011 as the weakest growth of the last six years. At the same time, the S&P 500 equity index was up a strong 10%, the annual unemployment rate was the lowest level since 2007 and consumer confidence was ...
Filed Under
macro housing
April 07, 2017 by Zelman & Associates
Every quarter, we publish in-depth macro housing forecasts and explanations covering single-family construction, multi-family construction, the existing housing market, home improvements and mortgage finance. With the release ...
April 07, 2017 by Zelman & Associates
Unlike in the single-family market where permits and starts are largely reflective of current demand, on the multi-family side, permits and starts are influenced by current demand but they are still speculative in nature given that the product ...
Filed Under
apartmentshousing starts
January 13, 2017 by Zelman & Associates
Our monthly survey of apartment owners and managers canvasses 1.6 million apartment units, nearly four times the size of the public apartment REITs. Our survey is nationally representative, covering both urban and suburban locations and various ...
Filed Under
apartmentshousing startssurvey
December 30, 2016 by Zelman & Associates
With the incoming Trump administration and the Republican control of Congress, the country appears to be on the verge of tax reform, both for individuals and corporations. For individuals, tax reform is typically centered on marginal income ...
Filed Under
homeownershipmacro housing
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey
