Tag: housing starts

If New Home Demand is So Strong, Why Has Start Activity Been So Lackluster?

September 20, 2019 by Zelman & Associates

This week, the Census Bureau reported its estimate for August single-family housing starts and permits. Positively, seasonally-adjusted starts accelerated to an annualized pace of 919,000, representing the strongest level since January and ...

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Filed Under | housing startsnew home salessurvey

Keep it Simple: A State-Level Look at Population Growth and Housing Demand

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 ...

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Filed Under | demographicshousing startsmacro 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

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

Urban-Focused Multi-Family Construction Creating Longer Tail Risk of Supply

April 07, 2017 by Zelman & Associates

Unlike in the single-family market where permits and starts are largely reflective of current demand, on the multi-family side, permits and starts are influenced by current demand but they are still speculative in nature given that the product ...

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Filed Under | apartmentshousing starts

Amidst a Lost Decade for Housing, What Does Future Hold?

April 07, 2017 by Zelman & Associates

Every quarter, we publish in-depth macro housing forecasts and explanations covering single-family construction, multi-family construction, the existing housing market, home improvements and mortgage finance. With the release ...

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Filed Under | household formationhousing startsmacro housing

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 ...

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Filed Under | apartmentshousing startssurvey

Finally, Excess Mortgage Distress is Gone

November 18, 2016 by Zelman & Associates

According to the Mortgage Bankers Association, from 1980 through 2005, the combination of single-family mortgage delinquencies and foreclosures in process ranged from 5.0-6.6% with the most problematic periods being 1982-86 (6.4%) and 2000-02 ...

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Filed Under | homebuildinghousing startsmortgage