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Owner-Occupied Housing Stock Is Aging

Pro Builder

Owner-Occupied Housing Stock Is Aging. A slowdown in new housing construction means that the majority of U.S. The median age of owner-occupied homes rose from 31 years in 2005 to 39 years in 2019, revealing the slow pace of new home construction following the Great Recession. Housing Markets. Fri, 06/10/2022 - 10:44.

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Home Building Accounts for Nearly 3% of U.S. Labor Force

Pro Builder

Home Building Accounts for Nearly 3% of U.S. More than 11 million Americans worked in the construction industry in 2019 with 4.4 employed civilian labor force, residential construction workers accounted for 2.8% employed civilian labor force, residential construction workers accounted for 2.8% Labor Force. cbroderick.

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First-Time Buyers Account for 43% of New-Home Sales

Pro Builder

First-Time Buyers Account for 43% of New-Home Sales. First-time homebuyers made up 43% of new-home sales, according to the February National Association of Home Builders/Wells Fargo Housing Market Index survey. Two-thirds of builders surveyed said first-time buyers accounted for more than 20% of their home sales for the past 12 months.

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Housing veteran bids to turn Inland Homes around

Construction Enquirer

Veteran house builder Jolyon Harrison has been appointed as CEO at cash-strapped Inland Homes in a bid to turn the business around. 75, has over 50 years experience in the industry and was a former CEO of MJ Gleeson which he joined in 2009 and left suddenly in 2019 following a row over pay and his succession.

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Housing Stock Just Keeps Getting Older—What it Means for New Homes

Pro Builder

Housing Stock Just Keeps Getting Older—What it Means for New Homes. The slow increase in the median age of housing stock in the U.S. New construction between 2010 and 2019 accounted for just 7% of owner-occupied housing. Owner-occupied homes constructed between 2000 and 2009 make up 15% of the housing stock.

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2020 Housing Giants Report: The Magnificent Middle

Pro Builder

2020 Housing Giants Report: The Magnificent Middle. In the shadow of the top 20 Housing Giants and their impressive numbers, midsize production builders are vital to the industry’s growth and resilience. 500 baseball team, but I have a soft spot for builders in the middle of our Housing Giants rankings. Wed, 06/03/2020 - 13:00.

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10 Things to Know About Older Households' Impact on Housing

Pro Builder

10 Things to Know About Older Households' Impact on Housing. The annual State of the Nation’s Housing report found households aged 65 and up are the fastest growing age group and greatly influences both the ownership and rental markets. million from 2014 to 2019 to reach 13.8 cbroderick. Fri, 12/18/2020 - 09:40. million. .

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