The reported rate of custom housing starts for 2019 is a slight decline when compared to 2018, but the drop in the market share of custom built single-family homes was much larger.
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Could Dream Homes be a Thing of the Past?
A new analysis of data on the Custom Built Home Market reports that the growth of the market share of custom built homes has slowed yet still remains in fluctuation. The past four quarters, ending in Q1 of 2017, record a two percent increase in the number of custom home starts nationwide compared with the previous four quarters. Experts predict the market will continue to fluctuate in the coming quarters.
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