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.
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