Eye On Housing
Using the 1997-2019 Multiple Listing Service (MLS) transactions data, new Freddie Mac’s study identified 1.4 million properties with Accessory Dwelling Units (ADUs) in the United States. The study showed that first-time listings with ADUs grew most rapidly during the last decade, averaging 8.6% per year. The expansion of listings with ADUs was fastest in high-cost fast-growing areas in the South… Read More ›
Despite some recent improvement, household formations have been lagging since the latest downturn. The accompanying effects have been many—including a lower rate of housing production, a lower rate of replacing older housing units, a consequently aging housing stock, and increased doubling up. Remodeling is also potentially affected, as the tendency to double up may be accommodated in part by modifying… Read More ›