Why do we believe our strategy works?
The market is in need of new housing.
As of 2020, Freddie Mac estimates that the U.S. is about 3.8 million houses short of demand.1
This is mainly due to the collapse of the starter-home sector. In 1982, 40 percent of all new homes constructed in this country were "entry-level" size, or smaller than 1,400 square feet. By 2022, that number had fallen to 7 percent.2
And demand is fierce. We now have 68 million millennials and 62 million baby boomers competing for about 700,000 homes.3