What you need to know about the changing United States housing market: New demographics, fulltime employment rate and the growth of multifamily homes
Historically, single-family housing has been the backbone of the United States housing market and a key metric of the nation’s GDP. But since the market crashed, single-family housing has struggled to maintain steady growth. The sector currently faces a number of challenges, including cumbersome new mortgage reform, a job market that is heavily part time in nature, builder land positions that aren’t well aligned and a shift in home buyer demographics. Industry players need to consider the headwinds facing new home construction and be prepared for a new dynamic in housing – resulting in a slower/uneven growth rate.
In The Performance of Single-family Construction Faces Challenges Within the Industry whitepaper, you'll learn:
- Single-family spending rate gap analysis compared to GDP
- Several challenges contributing to the slower/uneven growth rate of single-family
- How to prepare for the industry changes and important considerations for future efforts