article thumbnail

Homeownership Is Becoming the More Affordable Option in Most Housing Markets

Pro Builder

Homeownership Is Becoming the More Affordable Option in Most Housing Markets. Housing prices are high all around, but low mortgage rates, rising wages, and home-equity wealth are giving buyers an edge over renters. housing markets, according to The Washington Post. Housing Markets. Housing Markets. New-Home Sales.

article thumbnail

Single Family Build-For-Rent Homes Reach All-Time High

Pro Builder

Today, there are 44,700 rental homes in the pipeline—triple the amount of houses completed in 2022. In the highest yearly total to date, 2022 saw a completion of over 14,500 BFR houses. Phoenix, Ariz., For example, Phoenix leads this list as well with 6,000 of its BFR units being built in the last five years.

Phoenix 102
professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

New Homebuyers Flock to Denver, Las Vegas, Phoenix

Pro Builder

New Homebuyers Flock to Denver, Las Vegas, Phoenix. Census data by LendingTree, the cities of Denver, Las Vegas, and Phoenix have the highest ratio of newcomers compared to long term residents. trace their residency to the ’00s, the decade of the housing boom and bust when a lot of homes were built. Housing Markets.

article thumbnail

Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong?

Pro Builder

Californians Are Fleeing the Golden State—What’s Keeping its Housing Market Strong? Despite residents escaping California’s high housing costs and fleeing to nearby states, its southern market remains resilient, with homes selling within record time. cbroderick. Mon, 02/22/2021 - 09:07. It remains a place people want to live.

Housing 52
article thumbnail

Housing Market Outlook: Should Buyers Wait it Out?

Pro Builder

Housing Market Outlook: Should Buyers Wait it Out? Should homebuyers consider waiting out the hectic housing market? Buyers who want to avoid bidding wars in these areas should consider putting their home search on pause until the local housing supply grows. Housing Markets. Housing Markets. cbroderick.

Housing 52
article thumbnail

Cities Attracting the Most Young Homebuyers

Pro Builder

Homeownership rates are particularly low for the under-35 set in America’s largest cities: of the 10 with the highest populations, nine are in the bottom half of the study for 2019 homeownership rate (only Phoenix cracks the top half at No. Housing Markets. Read More. . Demographics. Demographics.

article thumbnail

NAHB Chairman's Message: Developing a New Generation of Home Building Professionals

Pro Builder

The skilled labor shortage is adding to construction delays and affecting housing affordability. with others slated to open this year in Houston, Phoenix, Sacramento, Calif., The housing industry is hiring. million new hires over the next three years to keep pace with growth and attrition. and Charlotte, N.C.

NAHB 105