[vc_row][vc_column][vc_column_text]
More than 10 percent of new single-family homes that began construction in 2016 were part of a teardown project, according to new data from the National Association of Home Builders. That’s up from 7.7 percent in 2015. NAHB defines a teardown as a home that is built on a site where a previous structure existed. Nationwide, there were 79,300 single-family teardowns started in 2016, up from 55,200 in 2015, NAHB estimates.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”16px”][vc_column_text]Builders continue to cite lot shortages as a major setback to new-home construction. Home shoppers and builders are now eyeing teardowns because many of the properties are in prime locations. Take a look at the chart below to see the breakdown of teardown starts by region.
[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_empty_space height=”16px”][/vc_column][/vc_row][vc_row css=”.vc_custom_1491963877807{background-color: #e0e0e0 !important;}”][vc_column width=”1/12″][/vc_column][vc_column width=”1/3″][vc_cta h2=”” txt_align=”center” css=”.vc_custom_1491964058376{margin: 0px !important;border-width: 0px !important;padding: 0px !important;background-color: #e0e0e0 !important;}”]If you like what you see and think this post could help someone, please share[/vc_cta][/vc_column][vc_column width=”1/12″][/vc_column][vc_column width=”1/2″][vc_column_text][apss_share][/vc_column_text][/vc_column][/vc_row]