Market Conditions

underconstruction

U.S. Homeownership Rate Continues Decline While Construction Trends Up

The national homeownership rate slid again in 2015 despite the fact that most Americans think that real estate is a sound financial decision. So it comes as welcome news that both single-family and multifamily construction starts were up last year, key to addressing inventory constraints and affordability issues that are keeping more people from owning homes.

Sign Up for Daily Blog Updates

Receive daily blog posts from Pacific Union in your inbox.

Sign up for Monthly Market Updates

Receive monthly real estate news from Pacific Union in your inbox.