Nine Percent of New Homes Are Teardowns

In 2021, 9.1 percent of new single-family homes were built in an older neighborhood on a site where a previous  structure had to be torn down and rebuilt, according to the latest Builder Practices Survey (BPS) conducted by Home Innovation Research Labs.  Another 18.5 percent were built on an infill lot in an older neighborhood.  The BPS places new homes… Read More ›