In my little city, they are building some small houses.
I’m talking two bedrooms, one bath, single story houses.
I guess the thinking is that young people will buy them to try and get equity and tax breaks.
Honestly, that’s pretty much what the wife and I are looking to move into.
But in a warmer area.
Here, there’s a smattering of new construction that are entry-level 3 bedroom, two bath vinyl ranches, but most of the construction is 3,000 sf and over, McMansions again, not sure who’s confident enough to be buying them. The economy here hasn’t recovered to the extent that some other areas have, and population is actually declining slightly unlike other areas of North Carolina.
They are building nice 2/3 bedroom houses right outside my neighborhood for 140K. Small yard, but it’s cheaper than rent.