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 ...
Filed Under
macro housing
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 ...
Filed Under
home improvementmacro housingsurvey
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 ...
Filed Under
macro housing
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 ...
Filed Under
homebuildingmacro housing
August 25, 2017 by Zelman & Associates
Yesterday, the National Association of Realtors released its estimate for July existing home closings. Adjusted for seasonality, transactions were up 2% year over year, leaving the trailing three-month average increase at a similar 2% level ...
Filed Under
existing home salesmacro housing
August 25, 2017 by Zelman & Associates
Almost a year ago in an analysis titled, “Entry-Level Wage Growth Not Great, but Continuing to Improve”, we offered a relatively optimistic outlook for entry-level incomes with the growth rate improving for two key indicators in 2016 compared ...
Filed Under
entry-levelmacro housing
August 11, 2017 by Zelman & Associates
Earlier this week, Fannie Mae released the results of its monthly consumer survey focused on housing-related consumer sentiment. According to the July feedback, “the net share of Americans who say it is a good time to buy a home fell 7 percentage ...
Filed Under
macro housingsurvey
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
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