Teardowns Overview
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Transcript of Teardowns Overview
OPPORTUNITY• Underserved property type• Easily integrated, plug & play• Globally scalable• Incremental and accretive year one
OPPORTUNITY
UNDERSERVED PROPERTY TYPE
EASILY INTEGRATED, PLUG & PLAY
GLOBALLY SCALABLE
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15-54years old
14% 55% 31%
0-14years old
55-95+years old
132 MILLION HOMES IN THE USA
HOW OLD ARE THEY NOW?
• 8-10 years
• 11 million homes will be sold by last time
home sellers over the next 8-10 years
• Over 14-15 million homes will be sold by last time home sellers between 2020-2030
• 25 million homes will be sold by last time
home sellers between now and 2030
BUILDING FOR THE FUTURE
11 Million
Homes
14-15
Million
Homes
U.S. TEARDOWN #’s
Annual Single Family Housing Starts 640,000
% Teardowns - avg. NAR, NAHB 27.5%
Total Annual Teardowns Sold 176,000
Average Teardown Value $450,000
Gross Teardown Sales Volume $79,200,000,000