Builders cater to the growing second home market

With remote work becoming much more common, the second-home market has enjoyed strong growth and data suggests builders are responding to that trend. The advent of remote work means no more commute, and so many Americans have decided to invest in a second home far from the city, in more pleasant climes where they have

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Agents look to build alliances with new home builders

Home builders are increasingly looking to cement long-term alliances with real estate agents. Builders have become aware that they need a relationship with real estate professional to bring more qualified home shoppers to their sales offices. And with resale inventory being limited at present, agents too know they need to work with builders to give

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Zillow: New construction to lag behind demand until 2022

While home values have recovered since the Great Recession and, in many cases, surpassed their pre-recession peaks, single-family home construction activity has continued to languish. The rate of new housing starts will likely remain below historic averages until 2022 or later, according to a panel of economists and real estate experts. The for-sale market has

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Builders are stepping up to cater for first-time buyers

Home builders say they’re looking to cater more to first-time buyers on a budget, rather than move-up buyers usually tend to buy more expensive homes. The builders say they know the market is desperate for more entry-level homes, and that they’re determined to answer the call, even though challenges such as the high cost of

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Builders are targeting the growing build-to-rent market

The homebuilding sector has underperformed in recent years, but one segment, the “build-to-rent” market in which homes are built explicitly to be rented out, has managed to pull off some stunning growth CNBC reported that 37,000 homes were built as rentals in 2017, rising to 43,000 last year, which accounts for just under 5% of

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Builders renew their focus on baby boomers

Builders are increasingly focused on catering to so-called baby boomers, or those aged 55-years and up, with communities designed especially for their needs. BUILDER reports that baby boomers are perhaps the most significant demographic for homebuilders, as they currently number around 76 million and hold around two-thirds of home equity in the U.S. And so

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Beginner Tips from an Expert Home Builder in Port St Lucie

Have you always thought that your own dream home does not fit all those fancy suggestions on Pinterest and Tumblr? Are you considering building your own house right from the ground up, because none of the property for sale in your target are is really quite good enough? Well, unless you are an expert home

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Home builders lack social media skills, experts say

Home builders could be losing massive amounts of business due to their poor reputations on social media, according to a new podcast from John Burns Real Estate Consulting. “I believe that social media has become a major reason that buyers are not purchasing a new home,” said Dean Wehrli, senior vice president at John Burns

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Builders tout luxury townhomes for millennials

Wary of a slowdown in the residential real estate market, U.S. building firms are increasingly trying to tempt wealthy young adults into buying property through the concept of luxury townhomes. The luxury townhomes sport features such as open floor plans, high ceilings and luxury amenities that builders hope will convince high-flying millennials to buy their

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LA builders offer incentives as home sales slump

Builders are increasingly offering buyers incentives in order to help sell their homes, with promotions including paying the closing costs, buying down mortgage rates and even straight discounts, which is a move they’re normally reluctant to make. “We are really working a little bit harder to get people in the door and to get people

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