HOW WE GOT HERE, HOW WE ADDRESS IT AND THE DEMOGRAPHIC SHIFTS THAT WILL IMPACT WHAT AND WHERE WE CALL HOME
Robert Dietz, NAHB chief economist, said the high cost of living in or near major cities plus the concern over the pandemic and the need for more space in a home and a bigger lot — has moved growth to more outer suburban and small-town areas.
“It’s the COVID effect.
The permit data from the second half of 2020 and the first half of 2021 shows strong growth rates for both single-family houses and apartments in lower density, lower cost areas,” he said.
“Young families have to live somewhere and they are
looking farther out, for better prices — COVID accelerated those trends.
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