The record-setting, rising price of single-family home plots nationally in 2021 will not exactly do homebuyers any favors when it comes to price, especially in New England.
The National Association of Home Builders (NAHB) issued valuations this week and found that six out of nine Census division values set records.
The U.S. median lot price now stands at $55,000, according to NAHB's analysis of the Census Bureau's Survey of Construction (SOC) data.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
