HOUSING TRENDS • MARCH 4, 2022
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Townhome construction has surged in the last 12 months. This is welcome news for first-time buyers who benefit from the lower prices that multi-family product tends to provide.
According to the National Association of Home Builders, townhome construction has jumped up 28% compared to the previous year.
Townhomes now represent 13% of all new residential construction starts.