The Next Hot Housing Market: Starter Homes

First time buyers accounted for 42% of buyers this year, up from 38% in 2015 and 31% at the lowest point during the recent housing cycle in 2011, according to Fannie Mae, which defines first-time buyers as anyone who hasn’t owned a home in the past three years.  Laura Kusisto and Chris Kirkham write for the Wall Street Journal how the return of first-time buyers is accelerating and America’s home builders are preparing to provide what the market demands: