Pent-up demand from a new generation of first-time home buyers and a low supply of single-family housing should drive long-term residential new construction growth, according to “Navigating Volatility in the U.S. Residential New Construction Sector,” a recent collaboration by Wells Fargo Securities’ Building Products and Home building Investment Banking practice and L.E.K. Consulting
Said the report: “Concerns of a 2019 downturn in housing screen as overblown, with housing starts likely to show steady growth in the intermediate term.”
The low supply of single family housing should also drive up the demand for renovation and repair of existing homes. Learn how to advertise to specify neighborhoods in your cities.
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