Tag: hbgi

Fastest Home Building Activity Continues in Suburban, Exurban Communities

Filed in Economics, Trends by on September 7, 2021 0 Comments
Fastest Home Building Activity Continues in Suburban, Exurban Communities

Residential construction continued to shift toward the suburbs and lower-cost markets, and this trend is especially pronounced within the multifamily sector, according to the latest Home Building Geography Index (HBGI) released today by NAHB.

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Home Building at Fastest Pace in Areas with Shortest Commute Times

Filed in Economics, Trends by on June 1, 2021 3 Comments
Home Building at Fastest Pace in Areas with Shortest Commute Times

Home building across the nation expanded the fastest in places with the shortest commute times, according to the quarterly NAHB Home Building Geography Index (HBGI) released today. The HBGI also shows the suburban shift in new home construction to low density, low cost markets stemming largely from the COVID-19 pandemic and first reported in the second quarter of 2020 continued into 2021.

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Suburban Shift for Construction in 2020

Filed in Economics, Trends by on March 2, 2021 0 Comments
Suburban Shift for Construction in 2020

The suburban shift in home building to meet growing buyer preferences for lower density, lower cost markets stemming from the COVID-19 pandemic that was first reported in the second quarter NAHB Home Building Geography Index (HBGI) has continued throughout the rest of 2020.

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Suburban Shift for Home Construction Continues into Third Quarter

Filed in Economics, Trends by on December 1, 2020 1 Comment
Suburban Shift for Home Construction Continues into Third Quarter

A trend of higher demand for housing in lower-density areas reported in the second quarter NAHB Home Building Geography Index (HBGI) has persisted into the fall, as single-family and multifamily construction continued to overperform in lower cost markets like suburbs and exurbs.

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A Suburban Shift for Home Building

Filed in Economics, Trends by on September 1, 2020 3 Comments
A Suburban Shift for Home Building

Evidence of a suburban shift for consumer home buying preferences as a result of the COVID-19 pandemic can be found in the second quarter NAHB Home Building Geography Index.

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Multifamily Construction Makes Gains in Low Density Markets

Filed in Economics, Multifamily by on June 9, 2020 0 Comments
Multifamily Construction Makes Gains in Low Density Markets

Over the past year, multifamily residential construction in suburban and rural areas has outpaced expansion in larger metropolitan areas, leading to changes in apartment construction market share. Single-family construction has also exhibited a similar trend, as illustrated in the latest quarterly NAHB Home Building Geography Index.

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A Red-Blue Divide on Home Construction

Filed in Economics by on March 3, 2020 3 Comments
A Red-Blue Divide on Home Construction

Nearly two-thirds of multifamily construction in the fourth quarter of 2019 occurred in “blue counties” where Hillary Clinton garnered the most votes in the 2016 election, while nearly the same percentage of single-family home building took place in “red counties” where President Trump won. And momentum for continued single-family and multifamily construction continues in the red counties, according to the latest quarterly NAHB Home Building Geography Index (HBGI).

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Most Home Building in Millennial Areas, But Pace Lags Rest of Nation

Filed in Economics by on December 3, 2019 0 Comments
Most Home Building in Millennial Areas, But Pace Lags Rest of Nation

The majority of single-family and multifamily housing production in the nation is occurring in counties with the greatest concentration of millennials. However, in a warning sign that the housing affordability crisis persists and more construction is needed, the pace of housing production in areas with the greatest concentration of millennials lags the rest of the nation, according to the latest quarterly NAHB Home Building Geography Index (HBGI).

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Home Construction Slowing in Manufacturing Areas

Filed in Economics by on August 27, 2019 2 Comments
Home Construction Slowing in Manufacturing Areas

In a possible sign of economic softening in the industrial heartland, home construction in the nation’s major manufacturing areas registered declines on a year-over-year basis in the second quarter of 2019, according to the National Association of Home Builders Home Building Geography Index.

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New Home Building Geography Index Shows Single-Family Growth Limited to Exurbs

Filed in Economics by on May 28, 2019 6 Comments
New Home Building Geography Index Shows Single-Family Growth Limited to Exurbs

In a sign that housing affordability is becoming a growing issue nationwide, as of the first quarter of 2019 exurbs were the only region that registered single-family permit growth on a year-over-year basis, according to the new NAHB Home Building Geography Index (HBGI).

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