The U.S. Spends Billions On Disaster Recovery Costs. Home Builders Can Help

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By Scott McGillivray This article was originally published on Builder. The U.S. federal government has paid out over $220 billion in home insurance claims resulting from wildfires, hurricanes, and other natural disasters in the last two years. That’s more than the previous 20 years combined. That’s not a statistical anomaly. The National ...

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What Do Millennials Look For In A New Home?

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EXPERTS WEIGH IN ON HOME TRENDS AND FEATURES THAT APPEAL TO BUYERS AGED MID-20S TO LATE 30S. This article was originally published on Builder. In 2018, millennials represented the largest share of home buyers at 37%, according to the 2019 Home Buyers and Sellers Generational Trends Report by the National Association ...

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RRI Positive, But Projects Smaller Growth in Next Two Years

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Annual growth rates in the remodeling industry have cooled significantly compared with the 5% growth averaged the past several years. By Vincent Salandro Big-ticket remodeling spending increased 2.8% year over year (YOY) in the third quarter of 2019 and 0.5% from the second quarter, Metrostudy/Zonda announced in its release of the ...

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2020 VISION: 12 PREDICTIONS FOR HOME BUILDING’S NEXT DECADE

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Courtesy Predicting Our Future Time keeps on slippin’, slippin’, slippin’ Into the future Time keeps on slippin’, slippin’, slippin’ Into the future Feed the babies Who don’t have enough to eat Shoe the children With no shoes on their feet House the people Livin’ in the street Oh, oh, there’s ...

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Pool of First-Time Home Buyers Remains at Historic Low

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With housing costs rising and no signs of a deceleration, first-time buyers are turning to family for help when embarking on homeownership. In spite of this, the percentage of first-time buyers remains at historic lows. This is according to a new report from the National Association of Realtors®, the 2019 Profile ...

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Redfin: Homeowners Staying Put Longer

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Builder / November 4, 2019 A new report from Redfin has determined that the typical American homeowner has spent 13 years in their home, up from eight years in 2010. Median home tenure increased in all of the 55 metros Redfin analyzed, leading to decreased inventory available for first-time home buyers in ...

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Will Upzoning Help Housing Affordability?

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Greg Ugalde / Builder / November 4, 2019 Buying a home is, for most Americans, the most significant investment of their lives. Not only does homeownership help build equity for retirement, but it also can be the key to unlock societal upward mobility. But housing is not as affordable as ...

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