09/16/2026
The “silver tsunami” hurtling toward Michigan’s homebuilding industry likely means big players will only get bigger.
More than half of Michigan’s licensed homebuilders are owned by someone 56 or older, nearing retirement age — and for every four who exit the industry, only one is coming in to replace them.
The looming generational turnover comes as Michigan already confronts a housing shortage driven by aging stock, owners reluctant to move due to locked-in low mortgage rates, regulatory hurdles and sluggish population growth.
Given all of those factors, industry experts believe the biggest players in the home construction space are well positioned to continue eating up market share.
John Bitely is the founder and president of Grand Rapids-based Sable Homes. Bitely’s career has spanned 40 years and several market cycles, but it’s Michigan’s so-called lost decade in the early and mid-2000s that he believes has put the state in its current position.
Construction plummeted during that period while the state was in a years-long recession and young people stopped joining the industry.
Read more here: https://www.crainsdetroit.com/real-estate/residential/cdb-aging-homebuilders-michigan-20260914/?utm_source=facebook&utm_medium=soc-own