Tag: new home sales

A Single-Family Buy-Versus-Rent Comparison Like Never Before

May 25, 2021 by Dennis McGill & Alan Ratner

Historically, buy-versus-rent calculations have been widely utilized to assess housing affordability, but we have always struggled with the limitations around real world comparability. Data constraints have led many to compare different asset classes (single-family versus multi-family), different vintages (old versus new homes) and different geographies (new construction often in less dense sub-markets). The calculations often miss how consumers actually approach the market. Until now.
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... 
Pandemic or Inventory – What is Driving Relative Strength in New Home Sales?

July 16, 2020 by Zelman & Associates

In so many ways, COVID-19 has altered the way one might describe their home – a place to shelter, their office, a school room, a safe haven, and more. With that has come many opinions and surveys about how consumers are thinking about owning versus renting, urban locations versus the suburbs or expensive job centers versus... 
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 ...

A Fair Premium for New Homes Versus Existing Stock a Complicated Topic

June 14, 2019 by Zelman & Associates

Earlier this week, Redfin, the technology-enabled real estate brokerage, published a study on the valuation premium associated with a garage versus a similar property without one. Across its national analysis, the average premium realized for ...

With Limited New Home Price Data, Where Do Prices Really Stand Versus Peak?

July 14, 2017 by Zelman & Associates

There are various price indices that track existing home trends with sophisticated algorithms that rely on repeat sales transactions to produce high-quality datasets, including CoreLogic, Case-Shiller, the Federal Housing Finance Agency and ...

Don’t Count on Another Double-Digit Growth Year for New Home Sales in 2017

December 30, 2016 by Zelman & Associates

For November, the Census Bureau reported that new home contracts were 592,000 on an annualized basis, trailing only July of this year for the best pace of the recovery thus far. Assuming a seasonally-adjusted pace of at least 585,000 in December ...

Size of New Single-Family Homes Starting to Decline on Entry-Level Push

October 21, 2016 by Zelman & Associates

On a quarterly basis, we aggregate a significant sample of new homes listed for sale by production builders to gauge the trends in price point availability, pricing trends and general characteristics of the homes. In 3Q16, our sample approximated ...

What to Make of Strong New Home Sales and Weak Existing Home Sales?

August 26, 2016 by Zelman & Associates

For many looking from afar, the release of new and existing home sales in July was likely a bit puzzling. Seasonally-adjusted new home sales, according to the Census Bureau, posted a recovery high and were up 31% year over year. Meanwhile, ...