Townhome Construction Growth Has Slowed

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May 18, 2017

The market share of new townhouses is 12.4 percent of all single-family starts, down slightly from previous quarters in 2016.

NAHB Eye on Housing reports that the peak market share for townhouse construction was 14.6 percent in Q1 2008. Townhome starts are expected to increase in the near future, with occasional ups and downs.

Over the four quarter period ending with the first quarter of 2017, townhouse starts totaled 98,000, a more than 4% gain over the prior year total. For the start of 2017, single-family attached starts totaled 23,000. Until the last few quarters, townhouse construction had been outpacing the growth rates of overall single-family starts.

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