Single-family construction registered modest gains in small metros and declines in large metros while apartment growth is shifting to counties with lower population densities, the National Association of Home Builders’ Home Building Geography Index reported.
Tag: Home Building Geography Index
Single-Family Construction Ends 2024 with Growth; Greater Uncertainty for 2025
A lack of existing home inventory boosted single-family construction growth in all geographic regions to end 2024, according to the National Association of Home Builders Home Building Geography Index for fourth-quarter 2024.
The New Status Quo: Increased Construction in Low-Density Areas
Low-density suburbs are seeing more construction due to a lack of buildable lots, higher building costs and an ongoing shortage of construction workers, the National Association of Home Builders’ Home Building Geography Index reported.