8% of single-family starts in were from teardown construction

Screen Shot 2016-08-02 at 6.31.03 AMREALTORMag

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.

Continued:

Share this!

Additional Articles

News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.