Posts from November 2016
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
Public Single-Family REITs, a Real Business Here to Stay
November 18, 2016 by Zelman & Associates
Over the last two weeks, the public single-family REITs reported third quarter earnings. Including American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Silver Bay Realty Trust (SBY) and Tricon American Homes (TAH), the companies own approximately ...
Can Tighter Bank Lending Prevent Multi-Family Oversupply Problem?
November 04, 2016 by Zelman & Associates
As of 2Q16, the entire banking system held almost $400 billion of loans backing the acquisition, construction and development (AD&C) of residential and non-residential land and buildings. Over the last year, 16% growth led all major loan categories, ...
Filed Under
apartmentsconstruction lending
For Millennials, Willing to Sacrifice Walkability for Affordability
November 04, 2016 by Zelman & Associates
There remain varying opinions as to how young adults will view their housing decisions relative to prior generations, with some arguing for a lower sustainable homeownership rate and a more urban than suburban mix. Our demographic work indicates ...
Filed Under
affordabilityentry-levelmillennials
Why We Believe the Homeownership Rate Has Bottomed
November 04, 2016 by Zelman & Associates
For 3Q16, the Census Bureau reported that the national homeownership rate, as measured by its quarterly Housing Vacancies and Homeownership Survey was 63.5%, up from 62.9% in 2Q16, with about half of the improvement due to typical seasonality ...
Filed Under
homeownership
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey