July 12, 2019 by Zelman & Associates
In a blog post in late June (Don’t Call it a Comeback: Housing Investors Have Been Here for Years), CoreLogic raised some eyebrows with the conclusion that “in 2018, the share of home sales bought by investors reached its highest level in two ...
Filed Under
institutional investorsmacro housing
June 14, 2019 by Zelman & Associates
Eight times a year, the Federal Reserve publishes its Beige Book, a qualitative assessment of economic conditions around the country based on conversations with business executives. Incorporating publications dating back to 1970, we have constructed ...
Filed Under
macro housing
May 31, 2019 by Zelman & Associates
As most recently discussed in December, we have a proprietary process to analyze and estimate national housing units, households and vacancies, including our unique incorporation of residential electric customer ...
Filed Under
demographicsmacro housing
May 17, 2019 by Zelman & Associates
Last week, Fannie Mae released the results of its monthly Home Purchase Sentiment Index, which is “designed to track consumers’ housing-related attitudes, intentions and perceptions.” As a research firm, we always find value in surveys, assuming ...
Filed Under
macro housingmortgage rates
April 05, 2019 by Zelman & Associates
In 2018, the national unemployment rate averaged 3.9%, the first year below 4.0% since 1969, which has been a positive for wage growth and potential entry-level homebuyers. However, the other side of that coin has been a shortage of labor in ...
Filed Under
homebuildingmacro housing
April 05, 2019 by Zelman & Associates
According to the Bureau of Economic Analysis (BEA), personal consumption expenditures totaled $13.9 trillion in 2018, up 4.7% year over year versus a 5.0% increase in disposable income, which was aided by wage growth and tax reform. The BEA ...
Filed Under
affordabilitymacro housing
March 08, 2019 by Zelman & Associates
Historically, the housing and auto markets have been highly linked given the big-ticket nature of the consumer purchases and the dependence on credit for the majority of buyers. For example, from 1990-2016, auto sales and housing starts have ...
Filed Under
macro housingmortgage
January 11, 2019 by Zelman & Associates
According to Random Lengths, framing lumber prices in December were down 22% year over year and 41% from the monthly peak in June. Similarly, its structural panel composite index declined 14% year over year and stood 35% lower than the near-term ...
Filed Under
homebuildingmacro housing
January 11, 2019 by Zelman & Associates
Last week, United Van Lines, the largest moving company in the country, released its annual National Movers Survey, which provides insight into state-to-state moves. Although professional long-distance moves likely skew toward single-family ...
Filed Under
demographicsmacro housing
December 28, 2018 by Zelman & Associates
Following the passage of income tax reform a year ago, we detailed the relative winners and losers and the expected impact on housing demand. At that time, it was estimated that the largest shares ...
Filed Under
demographicsmacro 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
