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Posts from November 2016

Finally, Excess Mortgage Distress is Gone

November 18, 2016 by Zelman & Associates

According to the Mortgage Bankers Association, from 1980 through 2005, the combination of single-family mortgage delinquencies and foreclosures in process ranged from 5.0-6.6% with the most problematic periods being 1982-86 (6.4%) and 2000-02 ...

Public Single-Family REITs, a Real Business Here to Stay

November 18, 2016 by Zelman & Associates

Over the last two weeks, the public single-family REITs reported third quarter earnings. Including American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Silver Bay Realty Trust (SBY) and Tricon American Homes (TAH), the companies own approximately ...

Will President-elect Trump Help or Hurt Housing?

November 18, 2016 by Zelman & Associates

Much has already been written about the impact of President-elect Trump and the broader economy, including as it relates to tax reform, infrastructure investment and foreign trade. All of these macro factors will have important implications ...

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Filed Under
macro housing

Can Tighter Bank Lending Prevent Multi-Family Oversupply Problem?

November 04, 2016 by Zelman & Associates

As of 2Q16, the entire banking system held almost $400 billion of loans backing the acquisition, construction and development (AD&C) of residential and non-residential land and buildings. Over the last year, 16% growth led all major loan categories, ...

Why We Believe the Homeownership Rate Has Bottomed

November 04, 2016 by Zelman & Associates

For 3Q16, the Census Bureau reported that the national homeownership rate, as measured by its quarterly Housing Vacancies and Homeownership Survey was 63.5%, up from 62.9% in 2Q16, with about half of the improvement due to typical seasonality ...

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Filed Under
homeownership

For Millennials, Willing to Sacrifice Walkability for Affordability

November 04, 2016 by Zelman & Associates

There remain varying opinions as to how young adults will view their housing decisions relative to prior generations, with some arguing for a lower sustainable homeownership rate and a more urban than suburban mix. Our demographic work indicates ...