Zelman Insights

Exclusive insights and analyses from our industry-leading team

3% GDP Growth Elusive for Forever-Optimistic Economists

July 14, 2017 by Zelman & Associates

Having the responsibility of consistently predicting the future in a public forum is not for the faint of heart. Thus, we do not envy economists that are forced to opine on such far-reaching themes as energy, international trade, the consumer ...

Read More

Filed Under
macro housing

With Limited New Home Price Data, Where Do Prices Really Stand Versus Peak?

July 14, 2017 by Zelman & Associates

There are various price indices that track existing home trends with sophisticated algorithms that rely on repeat sales transactions to produce high-quality datasets, including CoreLogic, Case-Shiller, the Federal Housing Finance Agency and ...

If a Recession is Around the Corner, You Won’t Be Able to Blame Housing

June 30, 2017 by Zelman & Associates

Over the last 30 years, investment in residential structures has accounted for approximately 4% of national gross domestic product (GDP). This component of GDP as defined by the Bureau of Economic Analysis covers new construction of single-family ...

Read More

Filed Under
macro housing

Single-Family Rentals Emerging from Apartment Shadows

June 30, 2017 by Zelman & Associates

Our proprietary survey of single-family rental owners and managers dispersed across the country suggested further fundamental improvement in May. Overall, single-family operators continued to experience strong renter demand and pricing power ...

Don’t Be Confused, A Good Time to Sell is a Good Thing to Hear

June 16, 2017 by Zelman & Associates

Beginning in mid-2010, Fannie Mae began publishing a monthly survey of approximately 1,000 households, canvassing various perceptions related to the housing market and economy. One of the questions asked monthly is: “In general, do you think ...

Read More

Filed Under
home pricing

House “Flipping” Hints at Redevelopment of Stale Existing Home Inventory

June 16, 2017 by Zelman & Associates

Last week, ATTOM Data Solutions released its quarterly Home Flipping Report, meant to quantify homes that were purchased and sold within a 12-month period in an arms-length transaction. Historically, we believe that house flipping has carried ...

“Good” Births Up Strongly For Sixth Straight Year as Family Formation Accelerates

June 02, 2017 by Zelman & Associates

Final birth statistics for 2016 have yet to be released by the Center for Disease Control and Prevention, but we utilized preliminary data to estimate the results. We recently raised the question of whether ...

Read More

Filed Under
demographics

Despite Home Price Strength, Entry-Level Affordability Still Screens Favorably

June 02, 2017 by Zelman & Associates

There are numerous home price measures that are provided by the government and private entities, both for free and at a charge, that offer market participants a general understanding of national pricing. Given a very high correlation across ...

Are New Home Prices Rising Too Quickly?

May 19, 2017 by Zelman & Associates

According to our monthly private homebuilding survey that canvasses approximately 15% of the national production market, new orders increased 14% year over year in April, the lowest rate of growth since October and below the ...

Share of Children Being Born Out of Wedlock Rising, Even Among Well-Educated

May 19, 2017 by Zelman & Associates

The Census Bureau recently released data sourced from the Fertility Supplement to the Current Population Survey, which is an analysis conducted every other year about childlessness and children born to women by demographic characteristics such ...