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The Zelman Buzz

Exclusive insights and analyses from our industry-leading research team

As Boomers Age in Place, Less Inventory Available For Sale

February 24, 2017 by Zelman & Associates

In 2016, existing home sales increased 4%, which is consistent with the long-term median increase, despite a strong employment backdrop, accelerating household formations and elevated consumer confidence toward housing. Unfortunately, the market ...

Are Boomers Really Downsizing to Multi-Family? Not According to the Data

February 10, 2017 by Zelman & Associates

The baby boom generation spans births from 1946-64, making those individuals 52-70 years old today. As has been the case since birth, the significant size of the baby boomers versus the prior generation makes understanding any shift in behavior ...

What is Impact to Home Improvements as Refinancings Collapse?

February 10, 2017 by Zelman & Associates

Since the presidential election, the 10-year Treasury yield has increased approximately 50 basis points, driving 30-year fixed mortgage rates up a similar amount. With the average 30-year rate in 2017 expected to increase at least 60 basis ...

Defying the Narrative, Positive Signs Continue for Homeownership Rate

February 10, 2017 by Zelman & Associates

We recently outlined several reasons why we believed that the national homeownership rate was near a bottom. The most-frequently cited measure of homeownership comes from the Census Bureau’s quarterly Housing ...

Reversing Roles – Multi-Generational Households Where Parents Live With Children

January 27, 2017 by Zelman & Associates

Household formation is at the root of incremental housing demand. A thorough forecast of household formation should encompass population growth trends segmented by age cohorts and a detailed understanding of age-specific shifts in how people ...

As Housing Stock Ages, More Tender Loving Care Required

January 27, 2017 by Zelman & Associates

We estimate that home improvement spending increased 5% across the country in 2016, representing the seventh consecutive annual increase after declining the previous three years. Since bottoming in 2009, we estimate that spending has increased ...

FHA Loans and Non-Banks a “Pocket of Worry” or Not?

January 27, 2017 by Zelman & Associates

Last week, the Wall Street Journal published an article titled “The Mortgage Market’s $1 Trillion Pocket of Worry”, which raised concerns about the expanding share of mortgages originated by non-bank lenders and originations backed by the Federal ...

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mortgage

Multi-Family New Construction Pipeline Running at Highest Level Since 1974

January 13, 2017 by Zelman & Associates

Our monthly survey of apartment owners and managers canvasses 1.6 million apartment units, nearly four times the size of the public apartment REITs. Our survey is nationally representative, covering both urban and suburban locations and various ...

Young Adults Delaying Parenthood, but By Late 30s Same as Prior Generation

January 13, 2017 by Zelman & Associates

We define the Millennial generation as individuals born between 1984 and 2002 (14-32 years old), making them 14% larger than the prior 19-year age cohort, which is the most important measure from our perspective when considering the impact ...

“The” Mortgage Rate Only Covers 20% of Purchase Originations

January 13, 2017 by Zelman & Associates

The cost of mortgage credit is fairly transparent across lenders’ and third-party aggregators’ websites but there are two primary reference points for mortgage rates cited by industry analysts and the media that best summarize the market: weekly ...