Tag Archive for ‘nonmetro’

Multifamily Construction Gains for Lower-Density Markets

The Q2 2020 NAHB Home Building Geography Index (HBGI) reveals a notable multifamily construction shift to the suburbs/exurbs. This is similar to HBGI findings reported for single-family construction. A driver of this broader impact is COVID-19, which thus far has had larger impacts on higher density neighborhoods. These geographic changes will ultimately generate market share gains for smaller multifamily structures,… Read More ›

Suburban Shift for Home Building in Q2 2020

The Q2 2020 results of NAHB’s Home Building Geography Index (HBGI) show geographical trends of the home building industry as the novel coronavirus, COVID-19, spread quickly through the United States. Although the pandemic caused widespread economic impacts for many businesses, housing has weathered the economic storm, rebounding quickly from an April slump. Moreover, data from the second quarter NAHB HBGI… Read More ›

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 ›