Pandemic Behind Booming U.S. Home Construction

A direct result of the COVID-19 pandemic, says the National Association of Home Builders’ Home Building Geography Index (HBGI), is single-family construction boomed in U.S. suburbs, exurbs, and rural communities in 2020. It says homebuyer demand for lower density, more affordable housing prompted home builders to increase construction in the second half of 2020. Small metro areas, suburbs, and exurbs of both small and large metro areas experienced the greatest growth, but outlying counties of smaller metro areas saw a 20.7 per cent growth rate. Large metro core areas experienced the slowest growth rate at 9.1 per cent.