Exclusive insights and analyses from our industry-leading research team
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
At the end of 2016, the 10-year Treasury yield stood at 2.45%, the highest year-end level since 3.04% in 2013. At that time, the expectation was that yields would continue a steady upward climb due to inflationary pressures from the incoming ...
Filed Under
mortgage rates
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
February 23, 2018 by Zelman & Associates
Once a month, we survey private multi-family operators, developers, brokers and lenders to gauge fundamental trends across the sector. Our survey covers roughly 1.5 million institutional-quality units and developers that accounted for 9% of ...
Filed Under
apartmentssurvey
February 09, 2018 by Zelman & Associates
We have previously written extensively about the outlook for homeownership, including in a November 2016 analysis titled “Why We Believe the Homeownership Rate Has Bottomed.” Recent trends from the Housing Vacancy and ...
Filed Under
demographicshomeownership
February 09, 2018 by Zelman & Associates
In 2017, we estimate that there were approximately 6.4 million home closings, inclusive of existing home transactions and new construction. We further estimate that 79% of these homes were purchased by owner-occupants, as opposed to investment ...
Filed Under
demographicsentry-levelexisting home sales
January 26, 2018 by Zelman & Associates
It is our opinion that no single data source appropriately captures consumer home improvement spending trends, with limitations for many of the often-cited statistics such as retail sales for building material locations and construction spending ...
Filed Under
home improvementsurvey
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
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
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
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey
