Gopal Ahluwalia
Gopal Ahluwalia
afford car excellent spend unlike
We can afford it, we like it, and unlike the car that you spend $35,000 on today, it appreciates and is an excellent investment.
grow
Like all of us, as you grow old you need more maintenance and more fixing.
average family home rise sizes
Why do home sizes rise when, during the same period, the average family size has declined?
ask modern people walk
When people walk into a modern home, they don't ask about a library.
market percent share top
In 1992, 8 percent of the market share was with the top 10 percent of builders. In 2004 it was more than 21 percent and it is growing.
afford belief home income prices
They want to have everything but can't afford it. Their belief is that home prices will go up, and their income will go up.
housing investment relationship strong value
The turnover in housing has a strong relationship with remodeling activity. You want to keep up with the value of your investment because it is appreciating.
acquired acquiring companies confined last picked speed top
This consolidation really started in the mid-1990s but picked up speed and is still continuing. In the last 15 years, about 150 companies have been acquired or merged. Most of the consolidation is confined to the top 10 builders, who are acquiring companies.
home size square
The size of a home can't keep increasing. I think we'll see the size stabilize at 2,400 square feet.
smaller
It's not need; they have smaller families. It's lifestyle.
decade excellent house turned
At least the house appreciates. In every decade it has turned out to be an excellent investment.
average house size
That suggests that the size of the average house is stabilizing.