3rd Quarter Sees Growth in Townhouse Market Share

Based on information gathered from 2012 Census data, the National Association of Home Builders (NAHB) reported that townhouse construction in 2012 has increased significantly since hitting its peak in 2008. In the third quarter of this year, market share of townhomes equaled “12.1% of all single-family starts” and was greater than the second quarter single-family starts where townhomes represented 11.2%. The NAHB is optimistic that townhouse construction will continue to increase in the coming years as more homebuyers desire “medium density residential neighborhoods, such as urban villages that offer walkable environments and other amenities.” http://bit.ly/UdaCdb

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