After some success, firms are trying out cheaper offerings in markets across the nation
Jan. 4, 2016
Some home builders are trying to keep properties affordable for first-time buyers.
While houses are getting larger, home builders are trying to keep properties affordable for first-time buyers, Bloomberg reports.
Several national home building companies, including Meritage Homes and Tri Pointe, are testing cheaper homes in markets from Florida to California.
“The recovery in the move-up segment is getting long in the tooth -- there are only so many buyers who can pay $400,000 and above,” Drew Reading, a home building analyst for Bloomberg Intelligence, said. “The main concern in 2016 and beyond is that affordability is becoming a bigger issue.”
