Mischaracterization of Single-Family Investors Impacts Perceived Demand, Risk
July 12, 2019 by Zelman & Associates
In a blog post in late June (Don’t Call it a Comeback: Housing Investors Have Been Here for Years), CoreLogic raised some eyebrows with the conclusion that “in 2018, the share of home sales bought by investors reached its highest level in two ...
Filed Under
institutional investorsmacro housing
As Young Adult Population Growth Slows, Which States are Relative Winners?
June 28, 2019 by Zelman & Associates
As detailed last December, national population growth for the year ended July 2018 was just 0.62%, modestly softer than 0.64% in the previous year and the weakest annual expansion since 1945. Contrary ...
Filed Under
demographicsmillennials
A Fair Premium for New Homes Versus Existing Stock a Complicated Topic
June 14, 2019 by Zelman & Associates
Earlier this week, Redfin, the technology-enabled real estate brokerage, published a study on the valuation premium associated with a garage versus a similar property without one. Across its national analysis, the average premium realized for ...
Zelman Beige Book Index Provides Some Comfort Around Recessionary Fears
June 14, 2019 by Zelman & Associates
Eight times a year, the Federal Reserve publishes its Beige Book, a qualitative assessment of economic conditions around the country based on conversations with business executives. Incorporating publications dating back to 1970, we have constructed ...
Filed Under
macro housing
Will Housing Demand Fall Off a Cliff as the Baby Boomers Age?
June 14, 2019 by Zelman & Associates
The Baby Boomers are commonly accepted as the generation that was born from 1946-64. For that 19-year period, there were 75.8 million births in the United States, which was an astounding 53% greater than the preceding 19 years – hence the generation’s ...
Filed Under
baby boomersdemographics
What Do Housing Unit Estimates by State Tell About Demographic Trends?
May 31, 2019 by Zelman & Associates
As most recently discussed in December, we have a proprietary process to analyze and estimate national housing units, households and vacancies, including our unique incorporation of residential electric customer ...
Filed Under
demographicsmacro housing
Core Births Drop Again as Young Adults Delay Life Events
May 17, 2019 by Zelman & Associates
According to preliminary estimates released by the Center for Disease Control and Prevention (CDC), national births declined 1.7% in 2018 from 2017. This marks the tenth decline out of the last 11 years, leaving births 12% lower than their ...
Filed Under
demographics
As Housing Sentiment and Actions Often Contradict, What Factors Matter Most?
May 17, 2019 by Zelman & Associates
Last week, Fannie Mae released the results of its monthly Home Purchase Sentiment Index, which is “designed to track consumers’ housing-related attitudes, intentions and perceptions.” As a research firm, we always find value in surveys, assuming ...
Filed Under
macro housingmortgage rates
Zillow Has Ambitious iBuyer Goals, but Its Own Price Index Missed Market Shift
May 17, 2019 by Zelman & Associates
With more than 180 million unique monthly users of Zillow’s website or mobile app, the brand is clearly a dominant force with consumers. While it has historically monetized this audience indirectly through advertising sold to real estate professionals, ...
Filed Under
home pricingsurvey
Income Analysis Suggests Future Firepower for Homeownership
May 03, 2019 by Zelman & Associates
For 1Q19, the Census Bureau’s Housing Vacancy and Homeownership Survey (HVS) estimated the national homeownership rate at 64.2%, unchanged from 1Q18. This is the first time out of the last eight quarters that homeownership did not increase ...
Filed Under
demographicshomeownership
affordabilityapartmentsbaby boomersbuild-for-rentconstruction lendingdemographicsentry-levelexisting home saleshome improvementhome pricinghomebuildinghomeownershiphousehold formationhousinghousing startsinstitutional investorsinterest ratesmacro housingManufactured Housingmillennialsmortgagemortgage ratesnew home salesreal estate servicesrefinancesg&asingle-family rentalstocksstudent debtsupplysurvey