Single-family home construction fell across all geographic regions of the United States in the second half of 2025 except for low-density, low-populated micro counties due to affordability and space challenges, according to the latest National Association of Home Builders Home Building Geography Index. Multifamily construction increased across all geographic regions.
“The HBGI data highlight how affordability and space needs are driving home construction toward lower-density markets,” NAHB Chairman Bill Owens, a home builder and remodeler from Worthington, Ohio said. “Large metro core counties saw the steepest single-family decline, while smaller and micropolitan areas with lower land and construction costs gained momentum.”
The HBGI report for the third and fourth quarter of 2025 was delayed due to last fall’s government shutdown.
The following single-family home building market shares were reported in the fourth quarter HBGI:
- 15.1% in large metro core counties
- 24.2% in large metro suburban counties
- 9.3% in large metro outlying counties
- 29.4% in small metro core counties
- 10.5% in small metro outlying areas
- 6.9% in micro counties
- 4.5% in non-metro/micro counties
Read the full report here.
