Outlook Remains Positive for Townhouse Construction Amid Continued Growth
Over the last four quarters ending with the third quarter of 2017, single family attached housing starts were 4 percent higher than in the previous four quarters.
Townhouses represented 26,000 starts during the third quarter of 2017, 18 percent more than the same period in 2016. According to the National Association of Home Builders, the share for townhouse construction is expected to increase over the next few years, despite the market share's drop during the Great Recession.
The long-run prospects for townhouse construction are positive given large numbers of homebuyers looking for medium density residential neighborhoods, such as urban villages that offer walkable environments and other amenities.