The emergence of Millennials as the largest first time buyers of homes and injection of foreign money into North American real estate are definitely transforming the homebuilding and construction sectors. In order to fully appreciate the trends impacting home construction business, so that a long-term market strategy can be developed, we have published a report analyzing macroeconomic drivers, demographic shifts, and other changes in the United States. Our conclusion is that despite some recent improvements in the business climate for builders, there is a lot of choppiness ahead, primarily because the business models are outdated. It is very clear that continued reliance on pre-2008 business models is largely responsible for the predicaments of homebuilders, who are struggling despite rising demand for homes.
