The US home construction boom is excluding a big group of Americans
New construction for two types of housing—apartment buildings and single-family homes— rose by 13% and 22%, respectively, as builders responded to buyers’ demand for more expansive living arrangements during the pandemic. The latest report (pdf) from the US Census Bureau shows that 1.1 million new single-family homes started construction in 2021, and 460,000 units of apartment housing in 2021. Medium-density housing are structures like duplexes and triplexes (buildings with two or three units on a single lot) townhouses, condominiums, and some small detached homes.
