November 22, 2024 4:13 pm
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What types of buyers will drive new-home demand in 2017?

And which markets are they concentrated in?

By Hanley Wood Data Studio | Builder

According to our monthly survey of regional directors in 36 leading markets across the country, average demand for new homes increased 9.81% between April 2016, when the average score was 7.03, and April 2017, when the average score was 7.72. Compared to April 2015, when the average demand for new homes was 6.61, buyer interest has grown 16.79%, a significant mark of housing’s ongoing recovery.

The growth in demand for new homes year-over-year is further evidenced by the 13.62% increase in home deliveries among the top 200 firms in our 2017 Builder 100/Next 100 lists. The bigger question is what types of buyers are expected to drive gains in the coming year, and which markets are they concentrated in?

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© 2024 Rose Law Group Reporter

Rose Law Group Reporter, which provides Dealmaker’s content and service, is contracted by Rose Law Group. Rose Law Group is a full service real estate and business Law Firm practicing in the areas of land use/entitlements, real estate transactions, real estate due diligence/project management, special districts, tax law, water law, business litigation, corporate formation, intellectual property, asset protection, data breach/privacy law, ADA compliance, estate planning, family law, cyber-law, online reputation and defamation, lobbying, energy and renewable energy, tax credits/financing, employment law, Native American law, equine law, DUIs, and medical marijuana, among others. The views expressed above are not necessarily those of Rose Law Group pc or its associates and are in no way legal advice. This blog should be used for informational purposes only. It does not create an attorney-client relationship with any reader and should not be construed as legal advice. If you need legal advice, please contact an attorney in your community who can assess the specifics of your situation.