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| It‘s About Time: Builders Responding to Renter Rush |
| By Suzanne De Vita |
Will they, or won't they? Whether millennial renters would make the transition to homeownership has been hotly debated since the housing crisis—and now, there is more evidence pointing to the affirmative. According to a recent report by the Wall Street Journal, home builders are starting to double back on starter home production, recognizing valid demand among millennial renters eager to enter the housing market. More builders, cited in the report, are constructing lower-priced homes with less square footage, taking crucial first steps toward adding supply. The average home built in 2016, according to the Census Bureau, was 2,634 square feet—a downsize. ...
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