Builders continue shift to condos and townhomes amidst affordability crisis

Markets with faster-rising home values have seen a greater surge in permitting, on average Builders finished about 1 million single-family homes in 2023, the second-largest number since the global financial crisis of 2007–2009. Starts for attached single-family homes rose 3% year over year, while starts for detached single-family homes declined 9%. Houston, Dallas and Phoenix […]