Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders …
Decline In Housing Starts Temporary: NAR
The decline in December housing starts announced recently is “disappointing but surely not lasting,” reports Lawrence Yun, chief economist for the National Association of Realtors (NAR). Yun noted that new home construction still ended 2017 as the best year since 2007 with 1.2 million units. Single-family housing starts in December were 836,000 units, nearly 12 …
Homebuilder Confidence Jumps
Confidence among the nation’s homebuilders jumped unexpectedly in December in anticipation of a stronger economy. A monthly reading of homebuilder sentiment rose 5 points to 74 which is the highest reading since 1999. Five is the line between positive and negative sentiment on the National Association of Homebuilders’ Index. Sentiment stood at 69 in December …