December 29, 2017 by Zelman & Associates
According to the Federal Reserve Bank of New York’s (FRBNY) quarterly report on household debt and credit, residential mortgages accounted for 71% of outstanding liabilities in 3Q17, far surpassing student loans (10%), auto loans (9%) and credit ...
Filed Under
macro housingmortgage
November 17, 2017 by Zelman & Associates
Over the last two weeks, committees in the House of Representatives and Senate released tax plan proposals that aimed to lower personal and corporate taxes. On the personal side, while the two proposals have many nuances and variances in how ...
Filed Under
homeownershipmacro housing
November 03, 2017 by Zelman & Associates
Last week, the Bureau of Economic Analysis (BEA) released its preliminary estimate of 3Q17 GDP growth. As measured directly, investment in residential structures is on pace to average approximately $730 billion this year, accounting for almost ...
Filed Under
macro housing
October 06, 2017 by Zelman & Associates
Every month, the Census Bureau publishes The Value of Construction Put in Place Survey, which is intended to provide monthly estimates of the total dollar value of construction work done in the United States. As it relates to the residential ...
Filed Under
home improvementmacro housingsurvey
September 22, 2017 by Zelman & Associates
Last week, our firm celebrated its 10th Annual Housing Summit – an event that welcomes hundreds of our institutional investor clients and leading industry executives operating across all sectors tied to the housing market. Over the two-day ...
Filed Under
macro housing
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 ...
Filed Under
homebuildingmacro housing
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 ...
Filed Under
homebuildinghousing starts
August 25, 2017 by Zelman & Associates
Yesterday, the National Association of Realtors released its estimate for July existing home closings. Adjusted for seasonality, transactions were up 2% year over year, leaving the trailing three-month average increase at a similar 2% level ...
Filed Under
existing home salesmacro housing
August 25, 2017 by Zelman & Associates
Almost a year ago in an analysis titled, “Entry-Level Wage Growth Not Great, but Continuing to Improve”, we offered a relatively optimistic outlook for entry-level incomes with the growth rate improving for two key indicators in 2016 compared ...
Filed Under
entry-levelmacro housing
August 11, 2017 by Zelman & Associates
Earlier this week, Fannie Mae released the results of its monthly consumer survey focused on housing-related consumer sentiment. According to the July feedback, “the net share of Americans who say it is a good time to buy a home fell 7 percentage ...
Filed Under
macro housingsurvey
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey
