The second quarter of 2024 saw solid boosts in both single-family permit issuance and construction across the country, led by a rebound in high density areas, according to a new analysis by the National Association of Home Builders (NAHB).
Results for multifamily builders were less positive, the NAHB's Home Building Geography Index revealed. Multifamily construction slowed and permitting continued its downward trend.
Problems developers face include higher interest rates, a shortage of workers and challenges with the supply chain for some building materials, said NAHB chairman Carl Harris.
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.
