Zelman Insights

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 ...

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 ...

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 ...

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 ...

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 ...

The cost of mortgage credit is fairly transparent across lenders’ and third-party aggregators’ websites but there are two primary reference points for mortgage rates cited by industry analysts and the media that best summarize the market: weekly ...

With the incoming Trump administration and the Republican control of Congress, the country appears to be on the verge of tax reform, both for individuals and corporations. For individuals, tax reform is typically centered on marginal income ...

Earlier this year, we surveyed a nationally-representative sample of consumers (~3,000) about their demographic, housing and financial circumstances. One area of focus was the perception of mortgage credit availability among renters or those ...

For November, the Census Bureau reported that new home contracts were 592,000 on an annualized basis, trailing only July of this year for the best pace of the recovery thus far. Assuming a seasonally-adjusted pace of at least 585,000 in December ...

We previously offered our initial perspective on what the Trump Presidency would mean for the housing market, including our view that GSE reform, while more likely under a Republication administration, would ...