June 29, 2018 by Zelman & Associates
While economic activity appears to have accelerated so far in 2018, some prominent economic forecasters have become more cautious about growth prospects for 2019 and 2020. For instance, in early June, former Federal Reserve Chairman Ben Bernanke ...
Filed Under
macro housing
April 20, 2018 by Zelman & Associates
There are many data points that are referenced by executives, investors and reporters to interpret the direction and position of the housing market, including existing home sales, new home sales, housing starts, the homeownership rate, home ...
Filed Under
household formationmacro housing
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
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, ...
Filed Under
affordabilityhome pricingmacro housing
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 ...
Filed Under
home improvementhomebuildingmacro housing
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 ...
Filed Under
macro housing
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 ...
Filed Under
homeownershipmacro housing
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 ...
Filed Under
demographicshousing startsmacro housing
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 ...
Filed Under
macro housingmortgage
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 ...
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
