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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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 ...

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 ...

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 ...

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 ...