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What Types of Buyers Will Drive New Home Demand in 2017?

What Types of Buyers Will Drive New Home Demand in 2017?

According to our sister site BUILDER's monthly survey of regional directors in 36 leading markets across the country, average demand for new homes increased 9.81% between April 2016, when the average score was 7.03, and April 2017, when the average score was 7.72. Compared to April 2015, when the average demand for new homes was 6.61, buyer interest has grown 16.79%, a significant mark of housing's ongoing recovery.

The growth in demand for new homes year-over-year is further evidenced by the 13.62% increase in home deliveries among the top 200 firms in our 2017 Builder 100/Next 100 lists. The bigger question is what types of buyers are expected to drive gains in the coming year, and which markets are they concentrated in?

Read the full study here: Remodeling.hw.net