Posts from April 2017
Are We in the Midst of a Wedding and Baby Boom and Don’t Realize It?
April 21, 2017 by Zelman & Associates
Earlier this week, the Census Bureau published a report titled “The Changing Economics and Demographics of Young Adulthood: 1975-2016”, which analyzed changes in how young adults have been educated, started families and lived over the last ...
Filed Under
demographicshousehold formation
Urban Sprawl Picking Up Steam Even Beyond Starter Homes
April 21, 2017 by Zelman & Associates
Beginning in 1Q15, we began tracking new home for-sale inventory across more than 20 production homebuilders, including the square footage offered as a way to better gauge investments and the willingness to cater to the under-served ...
Filed Under
entry-levelhomebuilding
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 ...
New York Federal Reserve Study Hits Interesting Points on Student Debt
April 07, 2017 by Zelman & Associates
Earlier this week, the New York Federal Reserve published a presentation on household debt with a focus on student loans. According to the analysis, there was $1.31 trillion of outstanding student debt at the end of 2016, up 50% over the last ...
Filed Under
homeownershipstudent debt
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
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey