Tag Archive for ‘nonmetro’

Exurbs Grow During a Weak First Quarter per NAHB HBGI

Following the Great Recession, the National Association of Home Builders created the Leading Market Index (LMI) to track the recovery of the housing market based on three factors: employment, house price indices, and housing construction. As the recovery transitioned into a period in which supply-side elements (land, labor, lumber, lending and laws) were limiting factors and housing affordability declined, the… Read More ›

Homes Built in Nonmetropolitan America

Of the 848,000 single-family homes started in the U.S. in 2017, roughly 79,000 were nonmetropolitan—that is, they were built outside one of the officially-defined metropolitan areas—as reported in a recent NAHB study,  At 79,000, nonmetropolitan single-family starts were up 40 percent from the trough in 2011, compared to a 97 percent for single-family starts overall. The NAHB study is based on territory… Read More ›