Entry-level homes are typically affordable and less than 1,400 square feet. In 1982, these units accounted for 40% of new residential construction; by 2023, they will account for only 9%. Strict regulations, new homes are disappearing. As a result, many new homes are designed for high-end buyers in remote areas. At the same time, the age of first-time homebuyers has risen from 29 in 1981 to 38.
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