National Association of Home Builders tax and policy guru Rob Dietz delves in to the most recent Census data of Starts and Completions by Purpose and Design, which indicates that single-family attached starts totaled 26,000 for the third quarter of 2015, up 30% from a year prior.
It's safe to say that attached townhouse condos are growing leaps and bounds, even as other for-sale new home models decelerate in pace. Dietz notes that the current share townhouses represent of the single-family for-sale market is 11.9%, whereas the peak share was Q1 2008, when it hit 14.6% of single-family construction. Dietz writes:
The long-run prospects for townhouse construction are positive given large numbers of homebuyers looking for medium density residential neighborhoods, such as urban villages that offer walkable environments and other amenities.