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.

Continue Reading for Free

Register and gain access to:

  • 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
NOT FOR REPRINT

© 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.

National
Multifamily
Development
Midwest
Northeast
Southeast
Southwest
West