The National Association of Home Builders has shared analysis of census data that indicates custom home building posted the second best quarter since the Great Recession during the Spring of 2021.
There were 54,000 total custom building starts during the second quarter of the year. This marks a 15% gain from the second quarter of 2021, a comparison affected by the declines in economic activity in the spring of 2020. Nonetheless, over the last four quarters, custom housing starts totaled 187,000 units, a 4.5% gain from the prior four-quarter total.
Despite these gains, the market share for custom home building has declined as other forms of home building have expanded more rapidly.
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See more at NAHB’s Eye on Housing blog.
