Non-Urban Construction of Custom Homes May Need Support to Keep Up

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Posted To: MND NewsWire

The National Association of Home Builders (NAHB) has taken a look at the differences between homes constructed within metropolitan statistical areas (MSAs) and those constructed outside of them. For starters, there are not many of the latter. As explained by Paul Emrath in NAHB’s Eye on Housing blog, non-MSA areas are “aggregations of counties defined by the Federal Government based largely on commuting patterns.” Of the 848,000 single-family homes for which construction was started in 2017, only about 79,000 were built outside of the areas officially-defined (by the Census Bureau and the Department of Housing and Urban Development) as MSAs. This is up 40 percent from the construction trough in 2011 whereas construction inside MSAs is up 97 percent. Emrath says one feature that differentiates…(read more)

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