25% of New Homes are Infills or Teardowns in Older Neighborhoods

In some metros. practically the only land available for development are infills. Recently, the NAHB’s Eye on Housing took a look at the latest Annual Builder Practices Survey (ABPS) from Home Innovation labs and discovered that one in four new single-family detached homes were built in established neighborhoods in 2020. Interestingly, their data show that teardowns & infills accounted for almost half of the new-home market in New England while their prevalence in the Midwest was under just 20%. Continue reading HERE...