The Zelman Buzz

Exclusive insights and analyses from our industry-leading research team

As Young Adult Population Growth Slows, Which States are Relative Winners?

June 28, 2019 by Zelman & Associates

As detailed last December, national population growth for the year ended July 2018 was just 0.62%, modestly softer than 0.64% in the previous year and the weakest annual expansion since 1945. Contrary ...

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Filed Under | demographicsmillennials

A Fair Premium for New Homes Versus Existing Stock a Complicated Topic

June 14, 2019 by Zelman & Associates

Earlier this week, Redfin, the technology-enabled real estate brokerage, published a study on the valuation premium associated with a garage versus a similar property without one. Across its national analysis, the average premium realized for ...

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Filed Under | affordabilityexisting home salesnew home sales

Zelman Beige Book Index Provides Some Comfort Around Recessionary Fears

June 14, 2019 by Zelman & Associates

Eight times a year, the Federal Reserve publishes its Beige Book, a qualitative assessment of economic conditions around the country based on conversations with business executives. Incorporating publications dating back to 1970, we have constructed ...

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Filed Under | macro housing

Will Housing Demand Fall Off a Cliff as the Baby Boomers Age?

June 14, 2019 by Zelman & Associates

The Baby Boomers are commonly accepted as the generation that was born from 1946-64. For that 19-year period, there were 75.8 million births in the United States, which was an astounding 53% greater than the preceding 19 years – hence the generation’s ...

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Filed Under | baby boomersdemographics

What Do Housing Unit Estimates by State Tell About Demographic Trends?

May 31, 2019 by Zelman & Associates

As most recently discussed in December, we have a proprietary process to analyze and estimate national housing units, households and vacancies, including our unique incorporation of residential electric customer ...

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Filed Under | demographicsmacro housing

Core Births Drop Again as Young Adults Delay Life Events

May 17, 2019 by Zelman & Associates

According to preliminary estimates released by the Center for Disease Control and Prevention (CDC), national births declined 1.7% in 2018 from 2017. This marks the tenth decline out of the last 11 years, leaving births 12% lower than their ...

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Filed Under | demographics

As Housing Sentiment and Actions Often Contradict, What Factors Matter Most?

May 17, 2019 by Zelman & Associates

Last week, Fannie Mae released the results of its monthly Home Purchase Sentiment Index, which is “designed to track consumers’ housing-related attitudes, intentions and perceptions.” As a research firm, we always find value in surveys, assuming ...

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Filed Under | macro housingmortgage rates

Zillow Has Ambitious iBuyer Goals, but Its Own Price Index Missed Market Shift

May 17, 2019 by Zelman & Associates

With more than 180 million unique monthly users of Zillow’s website or mobile app, the brand is clearly a dominant force with consumers. While it has historically monetized this audience indirectly through advertising sold to real estate professionals, ...

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Filed Under | home pricingsurvey

Income Analysis Suggests Future Firepower for Homeownership

May 03, 2019 by Zelman & Associates

For 1Q19, the Census Bureau’s Housing Vacancy and Homeownership Survey (HVS) estimated the national homeownership rate at 64.2%, unchanged from 1Q18. This is the first time out of the last eight quarters that homeownership did not increase ...

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Filed Under | demographicshomeownership

Where are the iBuyers Heading Next?

April 19, 2019 by Zelman & Associates

In recent years, iBuyers have gained notable attention and become a widespread topic of debate. Effectively the new-age version of “We Buy Ugly Houses”, which has been around since 1989, iBuyers charge sellers 7-10% of their home value in exchange ...

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Filed Under | existing home salesinstitutional investorsreal estate services