Although the pandemic fueled a slowdown in single-family housing the slowdown is not lower-density markets as single-family housing is less pronounced. In more affordable and lower-density areas single-family housing is blooming. According to LMB Journal, the HBGI is a quarterly measurement of building conditions across the country and uses county-level information about single- and multifamily permits to gauge housing construction growth in various urban and rural geographies. The lowest single-family year-over-year growth rates in the first quarter of 2023 occurred in large metro core counties, which posted a 25.6% decline.…
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