Exclusive insights and analyses from our industry-leading research team
September 20, 2019 by Zelman & Associates
This week, the Census Bureau reported its estimate for August single-family housing starts and permits. Positively, seasonally-adjusted starts accelerated to an annualized pace of 919,000, representing the strongest level since January and ...
Filed Under | housing startsnew home salessurvey
September 06, 2019 by Zelman & Associates
Earlier this week, Home Mortgage Disclosure Act (HMDA) data for 2018 was released. The annual dataset is enormous and serves as the primary baseline for most analyses of the mortgage market and its participants. This year also includes numerous ...
Filed Under | affordabilitymortgage
August 23, 2019 by Zelman & Associates
Through the first seven months of 2019, residential construction for single-family and multi-family projects has trailed the prior-year period across the board. Specifically, single-family permits and starts are both down 3% while multi-family ...
Filed Under | apartmentshomebuildingmacro housing
July 26, 2019 by Zelman & Associates
Late last year, the average mortgage debt accumulated by homebuyers relative to their income was quickly rising, which was attributable to home price appreciation outpacing income growth, spiking mortgage rates and more lenient underwriting ...
Filed Under | affordabilitymortgage
July 26, 2019 by Zelman & Associates
Yesterday, the Census Bureau released its quarterly Housing Vacancy Survey (HVS), which is intended to measure the occupancy and ownership status of the nation’s housing stock. Although the second quarter release indicated a sequential decline ...
Filed Under | homeownershipmacro housing
July 26, 2019 by Zelman & Associates
Last week, The Joint Center for Housing Studies of Harvard University (JCHS) released its Leading Indicator of Remodeling Activity (LIRA) with a concerning headline: “Steep Slowdown Projected in Home Improvements.” We first wrote about the ...
Filed Under | home improvementsurvey
July 12, 2019 by Zelman & Associates
From 2011-18, national existing home prices and apartment rents have climbed by 50-55% and 35-40%, respectively, easily outpacing 17% income growth for non-supervisory and production employees that represent the vast majority of the employment ...
Filed Under | affordabilitydemographics
July 12, 2019 by Zelman & Associates
In a blog post in late June (Don’t Call it a Comeback: Housing Investors Have Been Here for Years), CoreLogic raised some eyebrows with the conclusion that “in 2018, the share of home sales bought by investors reached its highest level in two ...
Filed Under | institutional investorsmacro housing
June 28, 2019 by Zelman & Associates
As detailed last December, national population growth for the year ended July 2018 was just 0.62%, modestly softer than 0.64% in the previous year and the weakest annual expansion since 1945. Contrary ...
Filed Under | demographicsmillennials
June 14, 2019 by Zelman & Associates
Earlier this week, Redfin, the technology-enabled real estate brokerage, published a study on the valuation premium associated with a garage versus a similar property without one. Across its national analysis, the average premium realized for ...
Filed Under | affordabilityexisting home salesnew home sales
affordabilityapartmentsbaby boomersconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousing startsinstitutional investorsmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesingle-family rentalstocksstudent debtsurvey