Professional Builder: Possible Demographic Headwinds in For-Sale Market
March 18, 2019
According to the research done by advisory RCLCO, “Disruptive Demographics: Housing Production & Demographic Reality Are Moving in Different Directions,” the affordability crisis looms large over both demographic and production, as new-home affordability remains crunched, and the range of sizes in the current supply are driving up prices still for land, labor, and mortgages. The share of newly built homes sized larger than 3,000 square feet grew to 30 percent from 19 percent, compared with the years leading into the housing crisis.
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