Millennials are finally moving out of their parents» houses and forming new households, and this demand ought to
drive home construction activity for some time.
Not exact matches
While demand for low - end, starter
homes has
driven the business historically, most of the
construction activity has been at the high - end, where profit margins are richer for builders.
«Multi-family
construction permits are down 16 percent nationally on a year - to - date basis, and a whopping 61 percent in the Northeast so far this year, which has
driven total
home construction activity lower than last year,» Smoke says.