ACRE
MEDIA

Advancing Relationships.

toggle menu
South had one of the highest percentages of single-family tear-down starts in 2016

Photo credit: Source: NAHB

South had one of the highest percentages of single-family tear-down starts in 2016

Industries: Residential Real Estate

Markets: Statewide

The South, which includes Alabama and 13 other states, had the second highest number of single-family tear-down starts during 2016. 

According to a recent report by the National Association of Home Builders, there were 23,800 such starts during 2016 in the South, second only to the West, which had 33,400. 

The Midwest had 12,300 starts, and the Northeast had 9,800. 

"A tear-down start means a home built on a site where a previous structure or evidence of a previous structure was present before the new home was started, as reported by the new home’s builder," the report said.

Around 10 percent of all single-family starts in 2016 were in the tear-down category, the report said. 

The data used by NAHB came from the NAHB/Wells Fargo Housing Market Index for 2017. 

The total number of tear-down starts in the United States was just under 80,000, the report said. 

Culverhouse

Advancing Relationships.