These Markets Have the Juice

The twenty-five most active single-family markets in the nation in the second quarter of 2018 were typically affordable, with strong domestic net in-migration, and sustained economic growth. 

Recovery for national single-family home construction is growing, albeit more slowly than in past recovery periods, and supply remains short. As new home sales at lower price ranges have not yet hit pre-recession levels, owing to rising costs across the board, causing builders and developers to innovate their product, by way of greater density. Demand is still gaining strength as Millennials continue to settle into homebuying and homeownership, and as Boomers seek retirement living options. Each of these factors are included in RCLCO's momentum index, which identifies for-sale housing markets with the strongest fundamentals.

While the overall U.S. housing market has expanded since the Great Recession, it’s clear from the data that some metro areas have lost some momentum while others continue to thrive. RCLCO identified the 25 most active metros and ranked them relative to each other in terms of their potential for continued single-family homebuilding. RCLCO used lessons learned from nearly 50 years of industry experience, client insights, and our firm’s national and local market expertise to provide perspective on factors that contribute to demand for new single-family homes. 

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