NAHB Estimates 79,000 Single-family Tear-down Starts in 2016
Roughly 10.2 percent of single-family homes started in 2016 qualify as tear-down starts, up from 7.7 percent in 2015, according to the latest estimates from NAHB. As defined here, a tear-down start means a home built on a site where a previous structure or evidence of a previous structure was present before the new home was started, as reported by the new home’s builder.
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This article is a post on NAHB’s Eye on Housing blog.