Found 1 blog entry tagged as Home Builders.

Single-Family Production Up; Multi-Family Down

Single-family home construction surged in the second quarter of 2024, driven by a shortage of resale homes and strong demand, according to The National Association of Home Builders. Meanwhile, multifamily construction dropped due to financing challenges and high inventory. Suburban and less urban areas led single-family permit growth, while multifamily projects declined across all regions. Additional findings:

  • Single-family permits rose in all regions (+17.6%).

  • Telework trends and demand for affordable areas supported growth.

  • Second home construction increased significantly over the past decade.

Ralph’s Take

This is a positive…

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