Zelman Insights
Exclusive insights and analyses from our industry-leading research team
Housing Executives and Analysts Being Swung Around by Volatile Government Data
March 10, 2017 by Zelman & Associates
Household formation is a phrase used to describe the net change in the number of households over a given period of time, essentially measuring incremental housing demand. Despite the importance of this measure to the housing market, in particular ...
Filed Under
household formation
As Boomers Age in Place, Less Inventory Available For Sale
February 24, 2017 by Zelman & Associates
In 2016, existing home sales increased 4%, which is consistent with the long-term median increase, despite a strong employment backdrop, accelerating household formations and elevated consumer confidence toward housing. Unfortunately, the market ...
Filed Under
baby boomersdemographicsexisting home sales
Defying the Narrative, Positive Signs Continue for Homeownership Rate
February 10, 2017 by Zelman & Associates
We recently outlined several reasons why we believed that the national homeownership rate was near a bottom. The most-frequently cited measure of homeownership comes from the Census Bureau’s quarterly Housing ...
Filed Under
entry-levelhomeownership
Are Boomers Really Downsizing to Multi-Family? Not According to the Data
February 10, 2017 by Zelman & Associates
The baby boom generation spans births from 1946-64, making those individuals 52-70 years old today. As has been the case since birth, the significant size of the baby boomers versus the prior generation makes understanding any shift in behavior ...
Filed Under
baby boomersdemographics
What is Impact to Home Improvements as Refinancings Collapse?
February 10, 2017 by Zelman & Associates
Since the presidential election, the 10-year Treasury yield has increased approximately 50 basis points, driving 30-year fixed mortgage rates up a similar amount. With the average 30-year rate in 2017 expected to increase at least 60 basis ...
Filed Under
home improvementrefinance
Reversing Roles – Multi-Generational Households Where Parents Live With Children
January 27, 2017 by Zelman & Associates
Household formation is at the root of incremental housing demand. A thorough forecast of household formation should encompass population growth trends segmented by age cohorts and a detailed understanding of age-specific shifts in how people ...
Filed Under
baby boomersdemographicshousehold formation
As Housing Stock Ages, More Tender Loving Care Required
January 27, 2017 by Zelman & Associates
We estimate that home improvement spending increased 5% across the country in 2016, representing the seventh consecutive annual increase after declining the previous three years. Since bottoming in 2009, we estimate that spending has increased ...
Filed Under
home improvement
FHA Loans and Non-Banks a “Pocket of Worry” or Not?
January 27, 2017 by Zelman & Associates
Last week, the Wall Street Journal published an article titled “The Mortgage Market’s $1 Trillion Pocket of Worry”, which raised concerns about the expanding share of mortgages originated by non-bank lenders and originations backed by the Federal ...
Multi-Family New Construction Pipeline Running at Highest Level Since 1974
January 13, 2017 by Zelman & Associates
Our monthly survey of apartment owners and managers canvasses 1.6 million apartment units, nearly four times the size of the public apartment REITs. Our survey is nationally representative, covering both urban and suburban locations and various ...
Filed Under
apartmentshousing startssurvey
Young Adults Delaying Parenthood, but By Late 30s Same as Prior Generation
January 13, 2017 by Zelman & Associates
We define the Millennial generation as individuals born between 1984 and 2002 (14-32 years old), making them 14% larger than the prior 19-year age cohort, which is the most important measure from our perspective when considering the impact ...
Filed Under
demographicsmillennials
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey