Share of Custom Home Construction Remains Flat

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Posted To: MND NewsWire

Residential construction has been famously slow for several years and some new analysis of Census data by the National Association of Home Builders (NAHB) shows that the lack of robustness is shared in the custom home sector. In an Eye-on-Housing blog article, Robert Dietz, NAHB Senior Vice President and Chief Economist says custom home building has been effectively flat over recent quarters. In the second quarter of this year the Census Bureau recorded a total of 49,000 custom home starts, a tiny decline from 50,000 in the second quarter of 2018. Dietz says the last four quarters, custom housing starts totaled 169,000, down 1.7 percent compared to the prior four quarters (172,000). Note that this definition of custom home building does not include homes intended for sale, so the analysis uses…(read more)

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