REALTORMag
More builders and private individuals are turning to teardowns to open up lots. They’re eyeing aging homes to demolish and then replacing them with a modern house that they believe will be more appealing to today’s home buyers.
In Houston, the teardown trend is especially evident. Permits for teardowns have climbed 22 percent in Houston this year alone.
The National Association of Home Builders estimates that nearly 8 percent of all single-family housing starts in 2015 were from teardown-related construction. That equates to about 55,000 homes in 2015. In 2014, about 31,800 single-family homes were torn down, NAHB estimates.
