Finally, Excess Mortgage Distress is Gone
November 18, 2016 by Zelman & Associates
According to the Mortgage Bankers Association, from 1980 through 2005, the combination of single-family mortgage delinquencies and foreclosures in process ranged from 5.0-6.6% with the most problematic periods being 1982-86 (6.4%) and 2000-02 ...
Filed Under
homebuildinghousing startsmortgage
Public Single-Family REITs, a Real Business Here to Stay
November 18, 2016 by Zelman & Associates
Over the last two weeks, the public single-family REITs reported third quarter earnings. Including American Homes 4 Rent (AMH), Colony Starwood Homes (SFR), Silver Bay Realty Trust (SBY) and Tricon American Homes (TAH), the companies own approximately ...
Can Tighter Bank Lending Prevent Multi-Family Oversupply Problem?
November 04, 2016 by Zelman & Associates
As of 2Q16, the entire banking system held almost $400 billion of loans backing the acquisition, construction and development (AD&C) of residential and non-residential land and buildings. Over the last year, 16% growth led all major loan categories, ...
Filed Under
apartmentsconstruction lending
For Millennials, Willing to Sacrifice Walkability for Affordability
November 04, 2016 by Zelman & Associates
There remain varying opinions as to how young adults will view their housing decisions relative to prior generations, with some arguing for a lower sustainable homeownership rate and a more urban than suburban mix. Our demographic work indicates ...
Filed Under
affordabilityentry-levelmillennials
Why We Believe the Homeownership Rate Has Bottomed
November 04, 2016 by Zelman & Associates
For 3Q16, the Census Bureau reported that the national homeownership rate, as measured by its quarterly Housing Vacancies and Homeownership Survey was 63.5%, up from 62.9% in 2Q16, with about half of the improvement due to typical seasonality ...
Filed Under
homeownership
Size of New Single-Family Homes Starting to Decline on Entry-Level Push
October 21, 2016 by Zelman & Associates
On a quarterly basis, we aggregate a significant sample of new homes listed for sale by production builders to gauge the trends in price point availability, pricing trends and general characteristics of the homes. In 3Q16, our sample approximated ...
Filed Under
entry-levelnew home sales
Long-Term Increase in Asian and Hispanic Homeownership Rates Underappreciated
October 21, 2016 by Zelman & Associates
As of the 2010 Decennial Census conducted by the Census Bureau, 64% of the population was characterized as being of White race, down from 69% in 2000 and 76% in 1990. Depending on immigration assumptions, demographers estimate that the White ...
Filed Under
demographicshomeownership
Apartment-Centric Population Expected to Trail Modestly Over Next Decade
October 07, 2016 by Zelman & Associates
We define the “Millennial” generation as those born between 1984 and 2002, making them 14-32 years old at present. According to the Census Bureau, there are approximately 83.5 million people in the United States in this age cohort ...
Filed Under
apartmentsdemographicsmillennials
Mixed Results for Housing-Related Stock Prices in 3Q16 and Year To Date
October 07, 2016 by Zelman & Associates
Zelman & Associates produces stock price indices for eight sectors where it provides equity research coverage, presently capturing almost 90 companies. In the third quarter, the S&P 500 index appreciated 3% while the 10-year Treasury yield ...
9th Annual Housing Summit Brings Together Hundreds of Industry Leaders
October 07, 2016 by Zelman & Associates
Two weeks ago, Zelman & Associates hosted its 9th Annual Housing Summit in Boston. The event attracted record attendance of over 700 institutional investors and housing industry executives. Our interactive panels included homebuilders, building ...
Filed Under
macro housing
affordabilityapartmentsbaby boomersbuild-for-rentBuilding ProductsBuilding Products,construction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesM&Amacro housingManufactured Housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey