Wednesday, October 30, 2013

Homebuilders: Growing on Shaky Ground

The US homebuilding industry is quintessentially American in what it does: helping Americans fulfill the American Dream. Its significance is highlighted by the fact that the implosion of the housing market in 2008 triggered the single biggest economic collapse since the Great Depression.

Around 65% of American households currently own their primary residence, an 18-year low for home ownership levels. Home affordability and disposable incomes have not increased as fast as home prices, and as a result, potential young homebuyers are either switching to rental units or moving in with their parents until they can afford to purchase a new home. Read More: DHI. KBH, LEN, NVR, PHM

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