Children drive single-family home living, according to Zelman. About four percent of homes are now built as rental properties, says Zelman.
But she believes that number could easily be 10 percent. She also states that 25 to 39 year olds are driving homeownership and that the birthrate more kids, more demand for houses is up 1. New single family rentals may be part of the answer. Nationally, 60 percent of housing is older than 20 years. Again, that indicates that newly constructed rental homes have a huge potential for millennials and others not quite ready to buy their first house. Zelman also warned about multi-family housing in downtown Cleveland becoming overbuilt, as younger families with kids move to the suburbs.
The exurbs farther out than suburbs from a core city post the greatest population growth. In builders who once again dipped their toes into the outer communities after the housing recession of were at first hesitant, according to Zelman.
The current housing shortage, particularly affordable single-family homes, is also taking a toll on home buyers. Currently, new home construction nationally is 25 percent lower than what is needed, according to Zelman.
Increasing labor costs, restrictive government regulations, lack of available, buildable land and a shortage of skilled trades hamper builders in many areas.
Additionally, Hanley Wood, a leading real estate media firm, ranked Ivy as 14th of the Top 50 most influential persons in housing.
As one of the most powerful women on Wall Street, Ivy Zelman is a sought-after expert on the housing sector, and what the overall housing market means for investors, homebuilders, industry executives and the economy at large. She frequently appears on television shows such as CNBC, in major publications including "The Wall Street Journal," and has acted as a key witness in a congressional hearing.
In this role, Dennis is responsible for the development and oversight of all macro and company-specific research, working closely with the research team members to coordinate proprietary analyses, cohesive opinions and constant creativity. Dennis earned a Bachelor's of Arts degree with a concentration in Economics and a Master's of Accounting degree from the University of Michigan.
He lives in New York with his wife and four children but still believes the friendliest people are from the Midwest. He lives there today with his wife, Jen, and sons, Henry and Max. Alan is a proud graduate of the Stephen M.
Ross School of Business at the University of Michigan and has recently come to grips with working for a Buckeye. Before joining the Zelman team, he spent four years in Equity Research at Morgan Stanley covering the Diversified Financials sector, and he also worked as an investment banker for five years, primarily at Bear Stearns.
He lives with his wife and two boys in a fourth floor walkup in Manhattan. In his free time, he enjoys biking, skiing, has plans to become a much better surfer and does his best to keep up with his kids. His work caters to institutional investors, real estate services executives and other industry participants. He joined the Zelman team shortly after graduating summa cum laude from Villanova University in , with degrees in Economics and Finance.
A resident of Chicago and an avid sports fan, especially when it comes to his Alma Mater. He is always ready for a 5 AM game of pick-up basketball with the rest of the Zelman team and anyone else crazy enough to show up.
Adam Baumgarten Managing Director. Prior to Credit Suisse, he spent eight years at Macquarie Capital. McClaran Hayes Associate Director. He joined the firm out of college in as an Equity Research Associate.
Marius Morar Associate Director. He lives in New York with his wife and two boys. In his free time, he likes to chase his boys though Central Park or read. Alex Kalmus Senior Associate. He plays a key role in following and analyzing the apartment and single-family REITs. Like many of his colleagues at Zelman, Alex enjoys playing pick-up basketball, and when possible, attending New York Philharmonic performances.
He is also a CFA charterholder. In his free time, Jesse enjoys spending time with family, working out and playing soccer and basketball. Rachel earned a Bachelor of Science in Business Administration, with dual concentrations in Finance and Accounting at Boston University, where she graduated magna cum lade. Ted Tabasso Director of Sales. Ted joined Zelman in April of as Director of Sales. Based in New York, Ted has 25 years of extensive experience with institutional research and investment banking.
She frequently appears on television shows such as CNBC, in major publications including "The Wall Street Journal," and has acted as a key witness in a congressional hearing. Dennis McGill Director of Research. In this role, Dennis is responsible for the development and oversight of all macro and company-specific research, working closely with the research team members to coordinate proprietary analyses, cohesive opinions and constant creativity.
Dennis earned a Bachelor's of Arts degree with a concentration in Economics and a Master's of Accounting degree from the University of Michigan. He lives in New York with his wife and four children but still believes the friendliest people are from the Midwest. Get acquainted with each team member and the expertise they bring to our clients and the industry at large by browsing our bios.
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