Working from home is on the rise, according to NAHB Eye on Housing's David Logan.
There’s no doubt that the practice of working at home is on the rise. Data from the Survey of Income and Program Participation shows that only 7% of workers (9.2 million individuals) reported working at home at least one day a week in 1997. By 2005, the share had grown to 7.8% (11.3 million) and reached 9.5% (13.4 million) in 2010—an 18% increase in just five years. What’s more, the most recent data from the Bureau of Labor Statistics suggests that 25.7 million people—or 24% of the workforce—performed some portion of their daily work at home on an average day in 2015.
Some areas of the country see more telecommuting.
If you own properties in one of these areas, how are you adjusting for more telecommuters?