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Custom Home Building is on a Roll; Rates Are Actually Lower This Week

Custom Home Building is on a Roll; Rates Are Actually Lower This Week

Robert Dietz, chief economist for the National Association of Home Builders (NAHB) has provided a couple of updates on housing construction trends taken from the Census Bureau's Quarterly Starts and Completions by Purpose and Design in the association's Eye on Housing blog. Dietz takes a granular look at the trend toward larger homes and custom home building. Dietz says the data shows that custom home building outperformed, in relative terms, spec building in the second quarter, contrary to the "conventional narrative that spec home building saw outsized gains during the April to June time period." Custom home building (defined as built for a specific owner) did decline during the quarter, impacted by the temporary shutdown of work sites in many locations and shaken confidence in the entire
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