Custom home building sees solid gain in 2021

custom home building
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National Association of Home Builders analysis of Census data shows that custom home building expanded by 10.8% in 2021 amid strong demand for move-up purchases given a rise in existing home equity.

There were 49,000 total custom building starts during the final quarter of 2021. This marks a 11.4% gain from the fourth quarter of 2020. Over the last four quarters, custom housing starts totaled 195,000 units, a 10.8% gain from 2020 (176,000).

The acceleration of custom home building has increased its market share after a period of decline. As measured on a one-year moving average, the market share of custom home building, in terms of total single-family starts, increased to 17.3%. This is down from a recent high of 31.5% set during the second quarter of 2009.

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See more at NAHB’s Eye on Housing blog.

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