Posts from January 2019
Be Mindful as Media Sensationalizes Student Debt Impact on Housing
January 25, 2019 by Zelman & Associates
As of the latest reading from the Federal Reserve Bank of New York, $1.4 trillion of student debt was outstanding in 3Q18, up 6.3% year over year, outpacing the increase in total consumer debt for the 57th consecutive quarter. Said differently, ...
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student debt
Is Substantial Drop in Lumber Prices a Signal for Single-Family Housing?
January 11, 2019 by Zelman & Associates
According to Random Lengths, framing lumber prices in December were down 22% year over year and 41% from the monthly peak in June. Similarly, its structural panel composite index declined 14% year over year and stood 35% lower than the near-term ...
Filed Under
homebuildingmacro housing
Why an Often-Cited Existing Home Price Measure is Probably Wrong
January 11, 2019 by Zelman & Associates
In its most recent monthly release for November 2018, the National Association of Realtors (NAR) reported that the median price for existing home closings was $257,700, bringing the year-to-date figure to $257,500. With approximately 40% of ...
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affordabilityhome pricing
Industry Executives Quicker to Respond to Market Shifts than Economists
January 11, 2019 by Zelman & Associates
With total home closings estimated to have declined 2% in 2018, the first contraction since 2011, and inventory higher on a year-over-year basis for the first time since 2014, the home price appreciation outlook is coming under greater scrutiny ...
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home pricingsurvey
Key Factors Behind Packing Up and Moving Across the Country
January 11, 2019 by Zelman & Associates
Last week, United Van Lines, the largest moving company in the country, released its annual National Movers Survey, which provides insight into state-to-state moves. Although professional long-distance moves likely skew toward single-family ...
Filed Under
demographicsmacro housing
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey