Why Single-Family Builders Are Dipping Into The Rental Market

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Growing demand in the single-family built-for-rent sector has builders starting to look at how to serve that market. One of the defining characteristics of the Great Recession was a long period of declining homeownership. Since its peak at 69.2% during 2004, the homeownership rate declined through 2016, reaching a post-recession ...

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The Gap Trap: Who’s Your Customer? She May Not Be Where You’re Looking

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Explore this heat-map of how housing’s fastest-growing buyer segment–single women–are transforming the balance of new homeownership in America’s housing markets. We’ve purloined this Ernest Hemingway quote before. It’s the one from The Sun Also Rises in answer to the question, “how did you go bankrupt?” “Two ways,” Mike said. “Gradually ...

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Market Monitor: Six Top Metros For Single-Family Construction

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Primarily using data and insight from Hanley Wood’s Metrostudy and Meyers Research, the BUILDER staff takes a deep dive into the state of housing in six of the nation’s top metropolitan areas for new-home construction: Dallas-Fort Worth, Denver, Miami, Phoenix, Seattle, and Washington, D.C., which includes its surrounding Maryland and ...

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Data Shows New-Home Market Share Varies By Region

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The sector breakdown of the housing industry has notably changed over the past two decades. New-home building represented 16% of overall housing transactions in the early- and mid-2000s. Today, it makes up 12%. Ali Wolf, director of economic research for BUILDER’s sister company Meyers Research, was curious about how this ...

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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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