{"id":5016,"date":"2017-06-20T00:00:00","date_gmt":"2017-06-20T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/teardowns-account-for-more-new-homes\/"},"modified":"2017-06-20T00:00:00","modified_gmt":"2017-06-20T00:00:00","slug":"teardowns-account-for-more-new-homes","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/teardowns-account-for-more-new-homes\/","title":{"rendered":"Teardowns Account for More New Homes"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"37.046144859813\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"23.782710280374\"><!--paging_filter--><\/p>\n<p>More than 10 percent of new single-family homes that began construction in 2016 were part of a teardown project, according to new data from the National Association of Home Builders. That\u2019s up from 7.7 percent in 2015. NAHB<span style=\"font-size: 14.4px;\">\u00a0defines a teardown as a home that is built on a site where a previous structure\u00a0existed. Nationwide, there were\u00a079,300 single-family teardowns started in 2016, up from 55,200 in 2015, NAHB estimates.<\/span><\/p>\n<p>Builders continue to\u00a0cite lot shortages as a major setback to new-home construction. Home shoppers and builders are now eyeing teardowns because many of the properties are in prime locations. Take a look at the chart below to see the breakdown of teardown starts by region.<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_jun\/NAHB_Teardowns.png\" style=\"width: 620px; height: 478px;\"\/><\/p>\n<p><em>Source: \u201cNAHB Estimates 79,000 Single-Family Tear-Down Starts in 2016,\u201d National Association of Home Builder\u2019s Eye on <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Housing<\/a> blog (June 19, 2017)<\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/tsNv2wSJi0I\/teardowns-account-for-more-new-homes\"> Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] More than 10 percent of new single-family homes that began construction in 2016 were part &hellip; <a title=\"Teardowns Account for More New Homes\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/teardowns-account-for-more-new-homes\/\"><span class=\"screen-reader-text\">Teardowns Account for More New Homes<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":5017,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[2890,12908,543,127,3058,41,818,479],"class_list":["post-5016","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-construction","tag-home","tag-home-buying-guide","tag-homes","tag-location","tag-property","tag-real","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/NAHB_Teardowns.png?fit=718%2C553&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5016","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=5016"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/5016\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/5017"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=5016"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=5016"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=5016"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}