In his analysis of recent Census data, NAHB Chief Economist Rob Dietz sees the continuing strength in the town-home market.
Over the last four quarters ending with the second quarter of 2016, townhouse starts totaled 98,000, a more than 25% gain over prior year total. For the second quarter of 2016, townhouse starts came in at 28,000, a solid gain over the 24,000 recorded for the second quarter of 2015.
Dietz expects town homes to remain popular.
The long-run prospects for townhouse construction are positive given large numbers of home buyers looking for medium density residential neighborhoods, such as urban villages that offer walkable environments and other amenities.