|
|
Article: Luxury Consumers Continue to Invest In their Homes, reports Unity Marketing; New Study on the Luxury Home Finds Luxury Consumers Still Highly Invested in Their Luxury Homes.
- Article from:
- Business Wire
- Article date:
- September 7, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
STEVENS, Pa. -- Over the past twelve months, approximately 6 million luxury consumer households, or nearly 20 percent of the total affluent market (households with income among top 25 percent of households or $75,000 and above), either bought a new or existing home or purchased a second/vacation home. By comparison, the National Association of Realtors reports that just over 10 percent of existing homes across the country were sold in 2004.
The signs of a luxury housing boom are everywhere:
--Toll Brothers, leading builder of luxury homes (average price $665,000) just reported nine month revenue reached $3.81 billion, up 57 percent over same period ...