HBGI Indicates Mixed Conditions for Single-Family Construction, Apartment Boost in Smaller Metros

NAHB: 1Q Shows Mixed Conditions for Single-Family Construction – tEDmag

Elevated interest rates, tight lending standards, and economic uncertainty remain persistent factors limiting construction growth.

HBGI Indicates Mixed Conditions for Single-Family Construction, Apartment Boost in Smaller Metros

Single-family construction growth registered modest gains in small metro areas and declines in large metro counties while apartment growth is shifting to counties with lower population densities, according to the latest National Association of Home Builders (NAHB) Home Building Geography Index (HBGI) for the first quarter of 2025 released today. “Single-family housing construction moderated to […] The post HBGI Indicates Mixed Conditions for Sin…

HBGI Q1 2025: Multifamily Growth in Smaller Markets

Single-family construction growth slowed substantially across all markets in the first quarter of 2025, according to the Home Building Geography Index (HBGI).  Multifamily construction growth remained negative in the largest markets but reported significant expansion in lower population density areas. The HBGI tracks single-family and multifamily permits across seven population density delineated geographies in the...