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.
Tag: Home Building Geography Index
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.