Wednesday, February 04, 2015

Big Housing Demand for first time home buyers

According to US News: One reason that single-family construction will grow in 2015 is the expected unlocking of housing demand among prospective first-time home buyers. The market share of first-timers for both new and existing home sales has been weak in the past few years. While first-time purchases typically make up about 30 percent of newly built home sales, industry surveys suggest that this share was less than 20 percent in 2014.  The signs suggest 2015 will be positive for housing, which in turn will generate benefits for the overall economy.
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