Tag: housing
Can We Trust What Senior Loan Officers are Telling the Fed?
November 16, 2018 by Zelman & Associates
Once a quarter, the Federal Reserve conducts a survey of senior loan officers at large domestic banks and U.S. branches of foreign banks. The results of the October 2018 survey were just released, with approximately 65-70 responses received ...
Filed Under
construction lendingmacro housing
With the Fed in Focus, What Can We Learn from Historical Actions?
November 02, 2018 by Zelman & Associates
Thus far in 2018, the average 30-year fixed mortgage rate has increased approximately 50 basis points year over year, putting the year on pace to have the highest borrowing cost since 2010. According to Google Trends, an index tracking how ...
Filed Under
macro housingmortgage rates
Investors, Executives Debate Housing Uncertainty at 11th Annual Housing Summit
October 05, 2018 by Zelman & Associates
Last week in Boston, Zelman & Associates hosted its 11th Annual Housing Summit, welcoming over 600 institutional investors and industry executives. Over the course of two days, the most important aspects of the housing outlook were detailed ...
Filed Under
macro housing
Worried About Boomers Selling? – Busting the “McMansion” Myth
August 10, 2018 by Zelman & Associates
As of 2017, we estimate that there were approximately 78 million single-family detached homes in the country, of which 65 million were owner-occupied. We further estimate that Baby Boomers – defined as people born from 1946-64 – owned almost ...
Don’t Let Fiction Override Facts When it Comes to Millennials, Births and Housing
July 13, 2018 by Zelman & Associates
In late May, the Center for Disease Control and Prevention (CDC) released preliminary 2017 birth data. The totals were surprisingly weak after six years of strength among key age cohorts. Naturally, the weakness spurred numerous ...
Filed Under
demographicsmacro housingmillennials
Real Estate is Local, but the Macro Can Make or Break Your Business
July 13, 2018 by Zelman & Associates
All real estate is local. That is a truism rarely doubted. It is often meant to convey that location matters more than most else and can often overcome other challenges. Taken further, many housing market executives spend an exorbitant amount ...
Filed Under
home pricingmacro housing
2018 Economic Activity on Pace for Biggest Upside Surprise This Cycle
July 13, 2018 by Zelman & Associates
Economists have the unenviable task of predicting the future across a wide host of sectors, handicapping international and political influences along the way. The crystal ball requirement obviously leaves the profession with a mixed track record ...
Filed Under
macro housing
How Big Could the Next Housing Downturn Be?
June 29, 2018 by Zelman & Associates
While economic activity appears to have accelerated so far in 2018, some prominent economic forecasters have become more cautious about growth prospects for 2019 and 2020. For instance, in early June, former Federal Reserve Chairman Ben Bernanke ...
Filed Under
macro housing
The Most Important Residential Construction Metric Never Discussed
April 20, 2018 by Zelman & Associates
There are many data points that are referenced by executives, investors and reporters to interpret the direction and position of the housing market, including existing home sales, new home sales, housing starts, the homeownership rate, home ...
Filed Under
household formationmacro housing
Sorting Through Noise to Identify Trend in Dual-Income Homes, Affordability Impact
April 06, 2018 by Zelman & Associates
From 2011-17, the median existing home price appreciated by 5.9% per year and the median multi-family rental rate climbed by 3.5% annually. Both figures outstripped our calculation of entry-level income growth at 2.2% per year. Naturally, the ...
Filed Under
affordabilitydemographicsmacro housing
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingManufactured Housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey