Tag Archive for ‘suburban’

Multifamily Regional Market Shares Show Variation from First Quarter

The National Association of Home Builders’ Home Building Geography Index (HBGI) tracks the markets of single-family and multifamily residential construction and their recovery following the Great Recession. In the first quarter of 2019, the first “cut” of the HBGI was introduced, which was an urban density-based delineation of the housing market into seven geographical “regions”. The first quarter HBGI analysis… Read More ›

Single-Family Gains Limited to Rural Areas and Exurbs: 2Q19 HBGI

When NAHB’s Home Building Geography Index (HBGI) was unveiled, it examined construction along a population density-based delineation of U.S. counties into such geographies as suburbs, exurbs, rural areas, etc. The second quarter release introduces a new geography, manufacturing areas, while updating the first regional tracking, as described here. Of the seven “regions” of the HBGI, only exurbs and rural areas… Read More ›

Small City Single-Family Building Growth Slowing

After several years of steady construction gains, single-family construction in small cities experienced a net deceleration of growth going into 2019. Such areas represent 37% of all single-family construction nationwide. With a population of nearly 95 million, small cities in the U.S. account for about 30% of the U.S. population and therefore serve as a good “demographic and economic microcosm”… Read More ›

HBGI Shows Multifamily Gains in Small Towns and Rural Areas

NAHB analysis of multifamily construction permits over the last four quarters indicates relatively higher growth rates in less populated areas. A prior post reviewed the newly released Home Building Geography Index (HBGI) through the perspective of single-family permit activity. This post examines multifamily construction as classified into the seven HBGI regional geographies, as differentiated by urban density. Economic theory suggests… Read More ›

Boomers Prefer Suburbs and Cul de Sacs

NAHB’s recently published Housing Preferences of the Boomer Generation shows that homebuyers in the Baby Boom Generation want a suburban neighborhood consisting of all single-family detached homes more often than any other community feature (of the 19 listed), and nearly 80 percent prefer a cul de sac over efficient traffic flow when given the choice. These results are based on a survey… Read More ›