New home sales fell more than 15% in March from the month before, and were down nearly 10% from the same month the year prior, according to the U.S. Census Bureau. New home starts were down more than 22% from February.
It will likely take several more months to understand the full impact of COVID-19 on the housing industry. One thing seems certain: The new homebuying process will be irrevocably different.
Here are five ways new construction will change in a post-coronavirus world. New construction will be (4 comments)
home building: Breaking Down the Booming Trend of Build-to-Rent
- 07/15/19 07:44 AM
The traditional way of buying up real estate rental properties is to buy an existing piece of real estate, fix it up and rent it out. But a new trend is emerging: Investors are building new properties with an eye on renting out completely fresh homes for investment income. In the United Kingdom, for example, build-to-rent (BTR) is up 39% over the same period just two years ago. The trend is also seeing success in the United States, where the lack of housing supply is forcing real estate investors to look for new opportunities to acquire rental property. Why build-to-rent is emerging as (0 comments)