Real Estate

ProTeck says Amazon will choose this city for its HQ2

Says housing market makes area the perfect finalist
Over the past several months, cities have battled it out to see who will be the home of Amazon’s planned second headquarters, and now Pro Teck says it may know which city will win. Pro Teck’s analysis shows this community may be well-positioned to receive the 50,000 new jobs expected with HQ2 due to its promising housing market and well-educated workforce.
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First time buyers flood D.R. Horton Express homes

Creates affordable option for new home buyers
Four years ago, homebuilder giant D.R. Horton created its line of affordable homes targeted at first time homebuyers, which are now becoming increasingly more popular. In fact, Express homes made up more than one-third of homes sold and more than one-fourth of total home sales in the latest quarter.
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From HW Magazine

What features do buyers really want in today's housing market?

Unpacking which investments pay off in new builds and remodels
Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.
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From HW Magazine

Changing demographics fuel the rise of multigenerational living

How builders are capitalizing on the growing trend
[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
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Homeownership rate reaches highest level in three years

But remains historically low
The national homeownership rate reached its highest level since the fourth quarter of 2014, but while the rate has been steadily rising since 2016, it still remains historically low. But there is one population which stands above the rest with its homeownership rate increase.
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Renters take over nearly 25% of major U.S. cities

Rentership growth outpacing homeownership in 97 of top 100 cities
Over the past 10 years, the rental population increased dramatically, even outpacing homeownership growth in the majority of the top U.S. markets, however, a new study from RentCafé shows there’s still hope for the homeownership population.
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Mayors of 14 major cities, CEOs want more federal money for affordable housing, homeless services

Launch Mayors & CEOs for U.S. Housing Investment
The mayors of 14 major cities are joining with a number of CEOs to call on the federal government to invest more money into affordable housing and homeless services. The group includes the mayors of Los Angeles, Oakland, Sacramento, San Diego, and San Francisco, California; Mesa and Phoenix, Arizona; Little Rock, Arkansas; Aurora and Denver, Colorado; Washington, D.C.; and Philadelphia, Pennsylvania.
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