Average WeBuild Homeowners Go From 46 to 32 Years Old – 8 Years Younger Than the National Average Concord, NC – According to the National Association of Realtors, the median age of a first-time homebuyer in 2025 is 40 years old, up from 38 years old in 2024. The median age of all homebuyers, including repeat buyers, is 59. WeBuild homeowners include people of all generations. However, WeBuild’s new owners are going against the national trend. In 2025, the average owner and those under contract are just over 32 years old, a decrease in age of 14 years. Just as important, over 62% of the nonprofit’s...

Eight households were approved for ownership and rentals this month, accounting for 31 adults and children. They included families escaping domestic violence, living in hotels, doubling up with family, and two working grandmothers who will own a home for the first time. “With the help of new team members, we have been able to increase our outreach,” says Dr. Patrick Graham, CEO. “Our primary goal is to increase housing stock. However, we deal with unmet social issues that demand our attention, and all of these people are working.” WeBuild has been intentional about its...

WeBuild has purchased and rehabbed additional housing units for affordable rentals over the past two months. These rentals will be available in August and September. Two and three-bedroom properties are available. The units provide more options for renters and a stepping stone for those seeking to own a home in the future. All inquiries can be directed to info@webuildconcord.org or leave a message at 704.784.0039.

Fifth-Third Bank, Gateway Mortgage, Movement Mortgage, and Pinnacle Bank are approved lenders for WeBuild’s community land trust properties. Adding so many lenders allows us to create more permanently affordable housing throughout Cabarrus County. Bank of America and NACA are now approved lenders and program partners for workforce housing. This expands products for those above 80 percent of the area median income (AMI), which promotes WeBuild’s mixed-income neighborhood strategies. We plan to use these products for communities that house people from 30 percent to 120 percent of the...

WeBuild Concord is reaching out to our community with several upcoming requests for proposals for new housing projects. We are committed to ensuring local and regional talent gets opportunities to earn income and support our mission for attainable housing at the same time. Please click the link below and fill out the Vendor Intake Form. We want to ensure opportunities are available to all. https://app.jobtread.com/web-forms/22SWzAcSJz6zkjsKWNAHsWvnBzhKHHakYb

Problem and One Solution According to the Bureau of Labor Statistics (BLS) Consumer Price Index, construction prices inflated 19.6% over the four years. Nonprofit and social venture affordable and attainable housing developers face significant challenges that many in the construction and housing industry avoid through profits. Nonprofit affordable and workforce housing developers do not receive breaks on construction costs, infrastructure, or project design and engineering phases. However, they must sell and rent properties based on the income of low—to moderate-income residents and return those...