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Pandemic accelerates expansion of residential building in suburbs

from Pro Builder

Pandemic accelerates expansion of residential building in suburbs Pro Builder Though the migration of urban homeowners to the suburbs hasn’t happened quite yet, housing experts say that the pandemic will accelerate the trend of residential construction activity expanding more rapidly in lower density markets, according to the NAHB Home Building Geography Index. These lower density markets already have a 47% share of all single-family homes and are home to 44% of the population. Home construction activity was already growing faster in the inner and outer suburbs than in cities. Now that some of the weaknesses of high density areas during a pandemic have been exposed, NAHB expects the trend to continue. READ MORE

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