Custom home building shows gain in first quarter

custom home building

National Association of Home Builders’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building posted a year-over-years gain for the first quarter of 2022. There were 46,000 total custom building starts during the first quarter of the year. This marks a 28% increase from the first quarter of 2021.

Over the last four quarters, custom housing starts totaled 205,000 units, a 13.9% gain from the prior four-quarter total.

After some market share declines due to a rise in spec building post-covid, the market share for custom homes is increasing. As measured on a one-year moving average, the market share of custom home building, in terms of total single-family starts, increased to 18%. This is nonetheless down from a cycle 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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