Bright spots in the homebuilding industry are being embraced like a long-lost family pet by builders slogging through the seemingly endless recession. First cause for optimism is a resurgence in the 55-plus market, described as “the buzz of the show,” at a recent National Association of Home Builders (NAHB) event. Secondly, demand for multifamily housing is keeping many firms busy in anticipation of demand far outweighing supply in the next few years. And, the so-called Gen Y — some 80 million children of baby boomers — soon will flood both apartments and single-family homes, giving builders further hope for the
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.