February 9, 2015

At IBS, Boomers Are Buying, Multifamily Still Booming

By Marcie Geffner - Urban Land

At this year’s International Builders Show (IBS) in Las Vegas, the most important trend is that the market for new-construction single-family homes in the United States is recovering, but it is still far from fully recovered. That is according to Paul Emrath, Washington, D.C.–based National Association of Home Builders (NAHB)’s vice president of survey and housing policy research, who spoke during a press briefing.

Single-family housing starts rose 92 percent from the trough in 2009 through November 2014, Emrath explained. That increase “sounds huge,” he said, but only without the context that housing starts dropped 80 percent from the peak in 2005 to that 2009 trough.

Read more:
http://urbanland.uli.org/economy-markets-trends/ibs-boomers-buying-multifamily-still-booming/