Posts from May 2017

Are New Home Prices Rising Too Quickly?

May 19, 2017 by Zelman & Associates

According to our monthly private homebuilding survey that canvasses approximately 15% of the national production market, new orders increased 14% year over year in April, the lowest rate of growth since October and below the ...

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Filed Under | affordabilityhome pricinghomebuildingsurvey

Share of Children Being Born Out of Wedlock Rising, Even Among Well-Educated

May 19, 2017 by Zelman & Associates

The Census Bureau recently released data sourced from the Fertility Supplement to the Current Population Survey, which is an analysis conducted every other year about childlessness and children born to women by demographic characteristics such ...

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Filed Under | demographicsmillennials

The Paradox of Household Formation and New Construction Supply

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. ...

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Filed Under | household formationhousing starts

Single-Family Rent Growth Has Overtaken Apartments After Historically Lagging

May 05, 2017 by Zelman & Associates

In 2016, we estimate that there were roughly 44 million single-family and multi-family rental homes across the country, accounting for approximately 35% of total households. To track the professionally-managed portion of each market, Zelman ...

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Filed Under | apartmentssingle-family rentalsurvey

Ten-Year Declining Homeownership Rate Streak Finally Broken in 1Q17

May 05, 2017 by Zelman & Associates

According to the most-frequently cited measure of homeownership produced quarterly by the Census Bureau, the decade long slide in the national homeownership rate just ended. For 1Q17, 63.6% of households were owners versus renters, up 10 basis ...

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Filed Under | homeownership

Lumber Inflation Surrounding Canadian Tariff Just Another Pressure on Builder Costs

May 05, 2017 by Zelman & Associates

In late April, the Department of Commerce announced countervailing duties, or a tariff, on imported softwood lumber from Canada, ranging from 3-24% for the largest producers and 20% for all other mills. The tariffs were largely expected by ...

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Filed Under | home pricinghomebuilding