Zelman Insights

We have previously written extensively about the outlook for homeownership, including in a November 2016 analysis titled “Why We Believe the Homeownership Rate Has Bottomed.” Recent trends from the Housing Vacancy and ...

In 2017, we estimate that there were approximately 6.4 million home closings, inclusive of existing home transactions and new construction. We further estimate that 79% of these homes were purchased by owner-occupants, as opposed to investment ...

It is our opinion that no single data source appropriately captures consumer home improvement spending trends, with limitations for many of the often-cited statistics such as retail sales for building material locations and construction spending ...

There are several pieces of tax reform that directly or indirectly affect the housing market, but the degree to which these items matter has been a hot topic of debate since legislation was proposed and ultimately passed. The conversation has ...

According to The Joint Committee on Taxation, the Tax Cuts and Jobs Act is expected to reduce taxes by approximately $135 billion in 2018 and $280 billion in 2019. For the two years on a combined basis, almost 65% of the savings are projected ...

Once a year, the Census Bureau releases population estimates for the country, states and local areas, which help to gauge trends between the more expansive decennial censuses. Last week, the national and state estimates as of July 2017 were ...

According to the Federal Reserve Bank of New York’s (FRBNY) quarterly report on household debt and credit, residential mortgages accounted for 71% of outstanding liabilities in 3Q17, far surpassing student loans (10%), auto loans (9%) and credit ...

According to a recent study released by the Census Bureau, 11.0% of the U.S. population moved in the year ended 1Q17. The study refers to this as the “mover rate” and notes that the latest reading was lower than 11.2% in the prior year, which ...

Unlike the Baby Boomer generation that is generally accepted as being born over the 19 years covering 1946-64, varied definitions exist for the following Generation X or the more recent Millennials. From our perspective, the most logical segmentation ...

Last week, Freddie Mac released its quarterly refinance statistics for 3Q17. The analysis uses a sample of properties where Freddie Mac has funded two successive conventional, first-mortgage loans, and the latest loan is for a refinancing. ...