8 Facts about Today’s 30-Year-Olds versus Those in 1975

30 Year Olds Today vs 1975 - US Census Data

More Educated – Fewer Homeowners, Fewer Married with Children   Do long-term demographic trends pose a challenge to the residential real estate market? Today’s 30-year-olds are more educated and more likely to be working than those from 1975. But, they are also less likely to have a moderate income, a home of their own or...

The Single-Family Home Continues to Grow

Charateristics of Single-Family Homes in 2014 ThePlanCollection

According to the US Census Bureau’s latest report, single-family homes continue to grow in size. The median single-family house built in 2014 had 2,453 square feet — an increase of almost 3% over the prior year. Other highlights from the Housing Characteristics Report: — The trend is towards four-bedroom homes. In...

Home Ownership Rate Falls to Lowest Level Since 1995

Homeowner-Rental Vacancy Rates

The U.S. Census Bureau announced in a report released today that the percentage of Americans who own their own homes was 66.4% in the third quarter of 2014 – down from 64.7 percent in the previous quarter. After peaking at 69.2 percent in June 2004, the rate has repeatedly fallen since then due to the...

Top 10 Questions to Ask Every Contractor Before Hiring

Contractor - Builder on Phone

Are you about to start a new home building or remodeling project? If so, you you will likely be hiring at least one contractor during the process. There are many excellent contractors to choose; unfortunately, there are also some out there who are not qualified. Would you allow just anyone to work in your home?...

Q2 Multifamily Production Index (MPI) Gained 5 Points

By Ann Adamson The National Association of Home Builders (NAHB) said for Q2 the Multifamily Production Index (MPI), a leading indicator for the multifamily market released byposted a gain of five points to a reading of 58. The good news is that this is the 10th quarter with a reading of 50 or above. MPI measures...