The Walker Webcast
Ivy Zelman, Executive Vice President and Co-Founder of Zelman & Associates
Jul 11, 2024
Ivy Zelman of Zelman & Associates discusses rising home prices, multifamily inventory outlook, rate cuts, housing supply constraints, affordable housing crisis, and overallocation of capital in multifamily sector with Willy in a dynamic conversation about the future of housing market.
52:36
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Quick takeaways
- Rising home prices challenge affordability, multifamily sector faces inventory concerns, and land prices impact housing developments.
Deep dives
General Sentiment on the Housing Market
There are concerns about slow growth in the housing market across single-family and multifamily sectors. New construction for single-family homes initially showed resilience despite rising rates, but challenges in sustaining sales pace have emerged. Existing home inventories are rising, affecting transactions. In the multifamily sector, there is caution due to significant supply completing soon, leading to a potential need for more supply by late 2025 or early 2026, particularly for Gen Z demographics.
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