Between people looking for more space and major demographic shifts from north to south, housing has been a strong market during the pandemic.
That continues, but there's a shift in dynamics, according to a report from the National Association of Home Builders. The NAHB Home Building Geography Index (HBGI), which is "a quarterly measurement of building conditions across the country" using county-level data, found that year-over-year single family residential building growth peaked in the second half of 2021. That was true across small and large metro areas, suburban markets, and rural locations.
Still, even at the end of the year, growth rates remained in double digits, which is good, given the ongoing critical shortage of housing stock.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
