Tag: housing
Unique Beige Book Index a Better Read on Economy than GDP?
April 21, 2017 by Zelman & Associates
In 2016, real GDP increased 1.6%, tying 2011 as the weakest growth of the last six years. At the same time, the S&P 500 equity index was up a strong 10%, the annual unemployment rate was the lowest level since 2007 and consumer confidence was ...
Filed Under
macro housing
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 ...
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 ...
Filed Under
apartmentshousing starts
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 ...
Filed Under
apartmentshousing startssurvey
Mortgage Interest Deduction: At Risk or Politically Untouchable?
December 30, 2016 by Zelman & Associates
With the incoming Trump administration and the Republican control of Congress, the country appears to be on the verge of tax reform, both for individuals and corporations. For individuals, tax reform is typically centered on marginal income ...
Filed Under
homeownershipmacro housing
Will the Recent Increase in Interest Rates Short Circuit the Housing Recovery?
December 02, 2016 by Zelman & Associates
Of the various interest rate measures cited in the media, the United States 10-year Treasury yield is the most important to monitor for the housing market as it serves as the benchmark for how 30-year fixed rate mortgages are priced. Unfortunately, ...
Filed Under
macro housingmortgage rates
Will President-elect Trump Help or Hurt Housing?
November 18, 2016 by Zelman & Associates
Much has already been written about the impact of President-elect Trump and the broader economy, including as it relates to tax reform, infrastructure investment and foreign trade. All of these macro factors will have important implications ...
Filed Under
macro housing
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 ...
Filed Under
homebuildinghousing startsmortgage
9th Annual Housing Summit Brings Together Hundreds of Industry Leaders
October 07, 2016 by Zelman & Associates
Two weeks ago, Zelman & Associates hosted its 9th Annual Housing Summit in Boston. The event attracted record attendance of over 700 institutional investors and housing industry executives. Our interactive panels included homebuilders, building ...
Filed Under
macro housing
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