General World News

Single-family construction is shifting away from large urban areas

As the housing market cooled further during the fourth quarter of 2022, homebuilders also continued to pull back on single-family construction. In Q4 2022, the year over year growth rate for single family construction fell across all geographic areas, according to the National Association of Home Builder’s (NAHB) Home Builder’s Geography Index published Tuesday.

The COVID-19 pandemic pushed the annual growth rates in most counties for single-family building from mid-single digit annual growth rates to yearly rates in the teens and details ⇒

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