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.
See more at NAHB’s Eye on Housing blog.
