One of the biggest stories in the housing market is the decline of the starter home.
In the late 1970s, they were building 418,000 entry-level homes per year. This is what that number looked like over the next few decades.
In the late 1970s, they were building 418,000 entry-level homes per year. This is what that number looked like over the next few decades.
1980s – 314,000
1990s – 207,000
2000s – 150,000
2010s – 55,000
Less than 10% of new homes being built are starter homes, which is a 50-year low.
My thoughts on this subject ar…
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