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Homebuilding Slowing, Especially in High-Density Neighborhoods

Since the pandemic, lower-density areas have seen more activity, according to NAHB geography index.

The geography of home building has shifted over the last two and half years, with more single-family and multifamily construction occurring in lower-density markets, according to the Home Building Geography Index released this week by the National Association of Home Builders.

NAHB chief economist Robert Dietz said in the release that the shift was first caused by the initial impact of COVID-19 on housing demand, which favored lower-density neighborhoods.

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Paul Bergeron

 

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