Posts from January 2017

As Housing Stock Ages, More Tender Loving Care Required

January 27, 2017 by Zelman & Associates

We estimate that home improvement spending increased 5% across the country in 2016, representing the seventh consecutive annual increase after declining the previous three years. Since bottoming in 2009, we estimate that spending has increased ...

FHA Loans and Non-Banks a “Pocket of Worry” or Not?

January 27, 2017 by Zelman & Associates

Last week, the Wall Street Journal published an article titled “The Mortgage Market’s $1 Trillion Pocket of Worry”, which raised concerns about the expanding share of mortgages originated by non-bank lenders and originations backed by the Federal ...

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Reversing Roles – Multi-Generational Households Where Parents Live With Children

January 27, 2017 by Zelman & Associates

Household formation is at the root of incremental housing demand. A thorough forecast of household formation should encompass population growth trends segmented by age cohorts and a detailed understanding of age-specific shifts in how people ...

“The” Mortgage Rate Only Covers 20% of Purchase Originations

January 13, 2017 by Zelman & Associates

The cost of mortgage credit is fairly transparent across lenders’ and third-party aggregators’ websites but there are two primary reference points for mortgage rates cited by industry analysts and the media that best summarize the market: weekly ...

Young Adults Delaying Parenthood, but By Late 30s Same as Prior Generation

January 13, 2017 by Zelman & Associates

We define the Millennial generation as individuals born between 1984 and 2002 (14-32 years old), making them 14% larger than the prior 19-year age cohort, which is the most important measure from our perspective when considering the impact ...

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 ...