Single-family construction in large metro urban areas fell while multifamily construction there spiked, according to the National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) issued this week.
The rate of year-over-year single-family construction growth in small metro urban, suburban and rural regional submarkets also slowed in the first quarter.
Large metro suburban counties fell from 18.7% in Q1 2021 to 5.2% in Q1 2022.
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