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.
Advertisement
Related Stories
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development
Sustainability
Which Green Building Practices Are Home Builders Using Most?
A recent report reveals which green-building practices are most popular among single-family home builders and remodelers
Market Data + Trends
Single-Family Permits Show Increase in February
Year-to-date ending in February, single-family permits were up in all four regions of the U.S.