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The Zelman Buzz

Exclusive insights and analyses from our industry-leading research team

“Steep Slowdown” on the Horizon for Home Improvements?

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 ...

As “Crisis” Calls Mount, an Eye-Opening Spin on Affordability

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 ...

Mischaracterization of Single-Family Investors Impacts Perceived Demand, Risk

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 ...

As Young Adult Population Growth Slows, Which States are Relative Winners?

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 ...

A Fair Premium for New Homes Versus Existing Stock a Complicated Topic

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 ...

Zelman Beige Book Index Provides Some Comfort Around Recessionary Fears

June 14, 2019 by Zelman & Associates

Eight times a year, the Federal Reserve publishes its Beige Book, a qualitative assessment of economic conditions around the country based on conversations with business executives. Incorporating publications dating back to 1970, we have constructed ...

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Filed Under
macro housing

Will Housing Demand Fall Off a Cliff as the Baby Boomers Age?

June 14, 2019 by Zelman & Associates

The Baby Boomers are commonly accepted as the generation that was born from 1946-64. For that 19-year period, there were 75.8 million births in the United States, which was an astounding 53% greater than the preceding 19 years – hence the generation’s ...

What Do Housing Unit Estimates by State Tell About Demographic Trends?

May 31, 2019 by Zelman & Associates

As most recently discussed in December, we have a proprietary process to analyze and estimate national housing units, households and vacancies, including our unique incorporation of residential electric customer ...

Core Births Drop Again as Young Adults Delay Life Events

May 17, 2019 by Zelman & Associates

According to preliminary estimates released by the Center for Disease Control and Prevention (CDC), national births declined 1.7% in 2018 from 2017. This marks the tenth decline out of the last 11 years, leaving births 12% lower than their ...

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Filed Under
demographics

Zillow Has Ambitious iBuyer Goals, but Its Own Price Index Missed Market Shift

May 17, 2019 by Zelman & Associates

With more than 180 million unique monthly users of Zillow’s website or mobile app, the brand is clearly a dominant force with consumers. While it has historically monetized this audience indirectly through advertising sold to real estate professionals, ...