Tag: homebuilding

What a Democratic Sweep Could Mean For Housing?

October 29, 2020 by Ivy Zelman

As we enter the final days prior to the election, I can’t help ponder what the outcome of a Democratic sweep could mean for housing and our country, which appears to be a real potential outcome. To stay away from my political views, I’ll focus on what a sweep would mean specifically for the housing market. 
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Filed Under | existing home saleshomebuildinghousehold formationmacro housingmortgagenew home sales

Across-the-Board Upside for Public Homebuilder Third Quarter Key Metrics

November 15, 2019 by Zelman & Associates

So far, 14 public homebuilders included in our equity research coverage have reported calendar third quarter financial results. These builders generated over $20 billion ...
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Filed Under | homebuildingstocks

Residential Construction Warning of Nearing Recession?

August 23, 2019 by Zelman & Associates

Through the first seven months of 2019, residential construction for single-family and multi-family projects has trailed the prior-year period across the board. Specifically, single-family permits and starts are both down 3% while multi-family ...

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Filed Under | apartmentshomebuildingmacro housing

Single-Family Built-to-Rent Likely Here to Stay

April 19, 2019 by Zelman & Associates

Every month, we track interest in built-to-rent construction, along with other acquisition channels, in our proprietary survey of single-family rental operators. Over the last year, interest in partnering with homebuilders on built-to-rent ...

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Filed Under | homebuildinginstitutional investorssingle-family rental

The Percentage of Construction Workers Saying “I Quit” a Sign of the Times

April 05, 2019 by Zelman & Associates

In 2018, the national unemployment rate averaged 3.9%, the first year below 4.0% since 1969, which has been a positive for wage growth and potential entry-level homebuyers. However, the other side of that coin has been a shortage of labor in ...

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Filed Under | homebuildingmacro housing

Is Substantial Drop in Lumber Prices a Signal for Single-Family Housing?

January 11, 2019 by Zelman & Associates

According to Random Lengths, framing lumber prices in December were down 22% year over year and 41% from the monthly peak in June. Similarly, its structural panel composite index declined 14% year over year and stood 35% lower than the near-term ...

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Filed Under | homebuildingmacro housing

Has the New Home Premium to Existing Homes Gotten Too Wide?

October 05, 2018 by Zelman & Associates

Of late, there is an argument surfacing that new home pricing has become too expensive relative to the existing home alternative. It goes something like this: the median new home price reported by the Census Bureau over the last four quarters ...

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Filed Under | affordabilityhome pricinghomebuilding

Aging Housing Stock and Land Availability Segments Country in Housing Needs

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 ...

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Filed Under | home improvementhomebuildingmacro housing

Are Buffett, Japanese Companies the Catalysts to Unlock Innovation in Construction?

September 22, 2017 by Zelman & Associates

Earlier this month, we discussed how labor constraints have resulted in construction cycle times becoming extended to the second longest level among expansion periods dating back to 1990, trailing only 2005 when industry ...

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Filed Under | homebuildingmacro housing

Given Tight Labor Market, Homebuilder Construction Cycles Extend Beyond Norms

September 08, 2017 by Zelman & Associates

As previously detailed, labor availability ranks among the biggest challenges for production builders in the current market, remarkably even with land availability, which is traditionally the most-cited hurdle ...

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Filed Under | homebuildinghousing starts