Currently Reading

How Did Custom Home Building Fare in the First Quarter?

Advertisement

How Did Custom Home Building Fare in the First Quarter?


May 20, 2020
Neighborhood Aerial
By arinahabich

Though the home building industry took a hit this spring, custom builders were able to swing a 10 percent increase over the first quarter of 2019, according to NAHB. Over the past four quarters, custom housing starts rang in at 180,000, a 3 percent increase over the prior four quarter total. According to an NAHB analysis, low interest rates and mild winter weather were the wind beneath custom builders' wings, keeping enough clients rolling in to finish Q1 with modest gains. 

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building posted a small increase during the first three months of the year, supported by low interest rates and unseasonably mild weather in January and February. While housing construction starts declined in March, and considerably more in April, on net the first quarter was a positive one for custom home builders.

There were 32,000 total custom building starts during the first quarter of 2020. This marks a 10% gain over the first quarter 2019 total of 29,000. Over the last four quarters, custom housing starts totaled 180,000, which was a 3% increase over the prior four quarter total of 170,000 starts.

As measured on a one-year moving average, the market share of custom home building in terms of total single-family starts is now 20%, down from a cycle high of 31.5% set during the second quarter of 2009

Read More
 

Related Stories

Custom Home Design

Custom Home Building Activity Lags Behind Overall Market

While single-family home construction continues to boom, custom home building lags behind. The National Association of Home Builders reports that…

Homes Should Not be Designed as 'One Size Fits All'

Each person utilizes their home’s spaces differently, and Housing Design Matters urges builders to remember that. If one buyer enjoys a sitting…

House Plans

On the Boards: 4 Home Designs Offering a Variety of Looks/Lifestyles

Four designs that showcase a range of housing types, architectural styles, and lifestyle needs

Advertisement

More in Category




Advertisement

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.


Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Subscribe
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.