According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the fourth quarter of 2022, single-family attached starts totaled 37,000, which is 8% lower than the fourth quarter of 2021. Over the course of 2022, townhouse construction starts totaled 148,000 units, which is effectively unchanged from 2021. Using a one-year moving average,… Read More ›
Tag Archive for ‘townhouses’
Townhouse Construction Slows
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the second quarter of 2022 single-family attached starts totaled 38,000, which is 9.5% lower than the second quarter of 2021. Nonetheless, over the last four quarters, townhouse construction starts totaled 148,000 units, 7% higher than the prior four quarter total (138,000). However,… Read More ›
Townhouse Construction Growing
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, during the first quarter of 2022 single-family attached starts totaled 36,000, which is 16% higher than the first quarter of 2021. Over the last four quarters, townhouse construction starts totaled 152,000 units, 25% higher than the prior four quarter total (122,000). Using a… Read More ›
Best Quarter for Townhouse Construction in 14 Years
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction in the second quarter of 2021 posted the highest count of starts in 14 years. As housing demand has shifted to more suburban and exurban areas and housing affordability headwinds persist, medium-density construction lagged for much of 2020. However, demand for… Read More ›
Rebound for Townhouse Construction
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction expanded to a 2.5 year high during the final quarter of 2020. As housing demand has shifted to more suburban and exurban areas and housing affordability headwinds persist, medium-density construction initially lagged. However, a strong final quarter led to roughly flat… Read More ›
Townhouse Construction Decline Continues
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during the third quarter. As housing demand has shifted to more suburban and exurban areas and housing affordability headwinds persist, medium-density construction has lagged. During the third quarter of 2020, single-family attached starts totaled 31,000, which was 3% lower than the… Read More ›
Townhouse Construction Weakness Continues
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction declined during a challenging second quarter. The sector was also relatively weaker than the overall building market. As housing demand has shifted to more suburban and exurban areas, and housing affordability headwinds persist, medium-density construction has lagged. During the second quarter… 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 ›
Townhouse Construction Slows at Start of 2019
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction slowed during the first quarter of 2019 after a strong 2018 performance. Nonetheless, townhouse construction is set for further expansion given the demographics of renters entering the for-sale market, as well as ongoing land constraints and the growth of demand for… Read More ›
Despite Slow Quarter, Townhouse Construction Expanded in 2018
According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction posted outperformed other building sectors over the course of 2018. However, like other submarkets, townhouse construction softened during the fourth quarter. Nonetheless, townhouse construction is set for further expansion given the demographics of renters entering the for-sale market, as well as… Read More ›