Why the “Missing Middle” Is an Opportunity for Home Builders

Between the single family and large multi-family buildings that dominate home building today lies an underdeveloped middle. The so-called “middle” sector of the U.S. homebuilding market – the medium-density structures like duplexes, triplexes and townhouses – grew just 11 percent nationwide over the past 20 years, contributing to the overall shortage in homes in the […]

Zillow to Show Climate Threat Score for Housing Listings

The move comes in the wake of a wave of hurricanes and other natural disasters that many scientists blame on climate change. Zillow, the popular real estate website where many Americans shop for their next homes, will be adding a climate risk threat score for every for-sale listing on its platform starting by the end […]

Zillow Now Forecasting Stronger Housing Prices for 2024

The real estate site has raised its outlook for housing prices this year, predicting a more robust marketplace. As one of the more popular websites for the U.S. residential real estate market, Zillow has its fingers on the pulse of housing price trends, so its just released upgrade of its forecast for this year is […]

New Study Shows Construction Costs Doubled Inflation Rate in 2022

A new NAHB study shows costs per square foot for single-family construction rose at more than twice the inflation rate last year. The Consumer Price Index rose 8% in 2022 but the median square foot price to build a new single-family detached home jumped 18%, more than double that rate. This is according to a […]

New Home Building Cancellation Rates Drop, Signaling More Demand

The U.S. housing market remains challenged but new information from two of the biggest home builders in the country suggests demand for new homes is picking up. Even as the market for new homes in the country is still below the past few years, D.R. Horton and PulteGroup – two of the nation’s biggest home […]

More Millennials Now Own Than Rent

Throw out your old cliches about the millennial generation being largely renters – or worse, still living with their parents. New research shows more than half of this generation now are homeowners. More millennials now own their own homes than rent, a remarkable shift in the status of the nation’s largest demographic group. And it […]