Exclusive insights and analyses from our industry-leading research team
August 26, 2016 by Zelman & Associates
For many looking from afar, the release of new and existing home sales in July was likely a bit puzzling. Seasonally-adjusted new home sales, according to the Census Bureau, posted a recovery high and were up 31% year over year. Meanwhile, ...
Filed Under | existing home salesnew home salessurvey
August 12, 2016 by Zelman & Associates
In the mainstream media, it is common to find opinions that mortgage credit availability is “too tight” or “a headwind for first-time homebuyers” or “only available to pristine borrowers.” While we do not believe that to be true as terms on ...
Filed Under | entry-levelmortgage
August 12, 2016 by Zelman & Associates
As of the 2010 Decennial Census, 77.6% of 18-19 year olds lived at home with their parents or grandparents, 240 basis points higher than in 2000, which is at least partly related to a less favorable employment backdrop in 2010 when the national ...
Filed Under | demographics
July 29, 2016 by Zelman & Associates
For 2Q16, the Census Bureau announced that the national homeownership rate registered 62.9%, down 50 basis points from 2Q15. The headline was particularly eye-catching given that it tied 2Q65 for the lowest second quarter level of the last ...
Filed Under | homeownership
July 29, 2016 by Zelman & Associates
In recent years, national banks have faced numerous legal headwinds related to legacy mortgage exposure, incurring billions of dollars of fines in aggregate, which has led many to de-risk their origination business. This has been particularly ...
Filed Under | entry-levelmortgage
July 29, 2016 by Zelman & Associates
In 2014, approximately 28% of households consisted of one person living alone, up from 26% in 2000, 25% in 1990 and 23% in 1980. The gradual increase has implications for housing demand given that individuals traditionally require less space ...
Filed Under | demographics
July 15, 2016 by Zelman & Associates
Progress Residential is a single-family REIT that owned approximately 17,000 homes as of 1Q16, making it the fourth largest in the country behind Invitation Homes (~48,000), American Homes 4 Rent (~48,000) and Colony Starwood Homes (~32,000) ...
Filed Under | institutional investorssingle-family rental
July 15, 2016 by Zelman & Associates
In its most recent weekly survey of mortgage rates, Freddie Mac reported that the national average for a 30-year fixed-rate product was approximately 3.40%, only 10 basis points higher than the historical low posted in late 2012 dating back ...
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