Most U.S. Home Building Primarily in Millennial Areas in 2019

National Association of Home Builders | December 04, 2019

Most U.S. Home Building Primarily in Millennial Areas in 2019
According to the latest quarterly National Association of Home Builders' Home Building Geography Index (HBGI), the majority of single-family and multifamily housing production in the nation is occurring in counties with the greatest concentration of millennials. However, in a warning sign that the housing affordability crisis persists and more construction is needed, the pace of housing production in areas with the greatest concentration of millennials lags the rest of the nation. The third quarterly release of the HBGI sheds new light on the housing market by focusing on where millennials live. "Millennial counties" are defined as geographic areas where at least 26 percent of the population consists of this growing demographic group. These millennial counties are diverse, representing major metro areas including several California markets, Seattle, Portland, Boston, and Washington, D.C., as well as more rural counties in places such as Ohio, Kansas and Missouri.

Spotlight

An interview with Steve Fogarty, Broker/Owner of Realty Executives Associates in Knoxville, TN

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REAL ESTATE TECHNOLOGY

Staley Point Capital and Bain Capital Real Estate Purchased Orange County Industrial Property for $21 Million

Staley Point Capital | May 05, 2021

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REAL ESTATE INVESTMENT

Bitcoin Buys Australian Real Estate

Lloyds Auctioneers & Valuers Pty Ltd | October 11, 2021

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Bell Partners and Signature Property Group Announce Development and Management Partnership

prnewswire | September 28, 2020

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Spotlight

An interview with Steve Fogarty, Broker/Owner of Realty Executives Associates in Knoxville, TN