Declines for Custom Home Buildingby HBA of North Georgia on 08/21/23
NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates custom home building gained market share during recent quarters but experienced a drop for construction starts.
There were 49,000 total custom building starts during the second quarter of the year. This marks almost an 8% decline compared to the second quarter of 2022, consisting with weakness experienced throughout the home building sector. Over the last four quarters, custom housing starts totaled a solid 189,000 homes, a 7% decline compared to the prior four quarter total (204,000)....
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