Home building shifting to rural, small counties

Home News Home building shifting to rural, small counties

Washington, D.C.—The market share of single-family and multi-family homes built in rural markets increased over the past year, and the growth seems to be accelerating, according to the National Association of Home Builders (NAHB). According to NAHB’s Home Building Geography Index (HBGI), 10.5% of all single-family homes built in Q4 2021 were built in rural areas, up from 10% in Q4 2020. In addition, 6% of multi-family units were built in rural areas compared to just 4.1% a year ago.

In the HBGI, “rural areas” are defined as “micro counties” and “non-metro/micro counties” designations by the U.S. Census Bureau, the source of the data. In Q4 2021, those counties accounted for about 14% of the U.S. population but the share of home building was 16.5%.

Evolving market conditions were primarily responsible for the market share gains. While the most acute effects of pandemic are waning, a large number of home buyers continue to look outside large metro areas for their homes, according to the NAHB.

An historic shortage of buildable lots is also prompting builders and developers to look further afield for places to build their communities. The growth over the last year could accelerate, as multi-family permits were up over 90% year-over-year in rural counties in Q4 2021, according to the NAHB.

Must Read

Marazzi releases 2023 Trend Report

Dallas—Marazzi has released its 2023 Trend Report that identifies five of the hottest interior design trends for the coming year as well as products...

AO releases 2023 Trend Report

Dallas—American Olean (AO) has released its 2023 Trend Report. According to Shelly Halbert, director of product design for Dal-Tile LLC, AO's parent company, it...

Daltile releases 2023 Trend Report

Dallas—A leader in style and design, Daltile released its 2023 Trend Report 2023. Within the report, Daltile shared five key 2023 interior design trends,...

Mannington launches new website

Salem, N.J.—Mannington’s residential business division has launched a new consumer-facing website, Mannington.com, as well as a new Phenix branded consumer-facing website, PhenixFlooring.com. In addition,...

Mark Clayton to retire from Phenix

Dalton, Ga.—Mark Clayton, president, Phenix Flooring, will retire on March 31, 2023. Phenix is part of the Mannington Mills family of companies. Clayton joined Phenix...

Schönox partners with Ohio Valley Flooring

Florence, Ala. and Cincinnati, Ohio— Schönox HPS North America partnered with Ohio Valley Flooring to provide Schönox subfloor product technologies, training and support across...
Some text some message..
X