Custom home projects, by the Census Bureau definition of them, are running at half the number of units they were during their heyday period of the mid-1990s on an absolute basis. As a share of the total of single-family homes, Custom Homes represent a little over one-in-five of the total, which is off the post-Recession cycle peak.
What to expect next? National Association of Home Builders chief economist Rob Dietz looks at the latest Census Quarterly Starts and Completions by Purpose and Design data for insight about the relative strength of custom as a part of the overall new home recovery. His take-away assertion:
The market share for custom home building will likely experience ups and downs in the quarters ahead as the overall single-family construction market expands. Recent declines in market share are due to acceleration in overall single-family construction.