Townhouses building up steam

November 25, 2014

Construction of townhouses has slowly been picking up over the last year, with the number of starts reaching 20,000 for the third quarter of 2014, a 17 percent jump annually. In total, the market share for townhouses is up to 11 percent, creeping back up to the 2008 high-water mark of 14.6 percent.

Those numbers are expected to continue climbing in the future, largely thanks to increased demand for medium-density residential neighborhoods.

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