Zelman & Associates Reports Homeownership Rises Again Despite Transaction Weakness
March 14, 2019
The latest analysis and forecast from The Z Report shows homeownership is on the rise, even with a drop in public builder orders, weak home closings and a rise in existing home prices.
The Z Report, a bi-monthly report compiled by the research firm Zelman & Associates, expects market fundamentals to remain favorable in 2019 and 2020.
According to The Z Report:
With a unanimous step backwards in key housing demand metrics, it might seem contradictory that the homeownership rate improved. However, as we will show, shifts in the homeownership rate reflect the incremental decision of movers, an important metric to capture prevailing sentiment.
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