Monday, September 14, 2015

Surprising New Trend in New Construction




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Today, I want to discuss an interesting housing trend in the single-family home new construction market. I know what you're thinking - construction companies are building more homes for people to buy. Right? 

Wrong. They are building more homes for people to rent. Nearly 25,000 homes were built in the past year as rentals. These homes are geared toward an interesting subset of renters, as they will have to pay a premium for new construction.

However, in our society today, people are more transient, and they're not settling down as much. This is a trend we have to watch because it could affect resale values as well.

If you have any questions on today's video, give me a call or send me an email. I'd be happy to go over things with you.