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Fourth Quarter 2012 Custom Home Building
Robert Dietz / February 25, 2013
Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicate that while the growth in custom home building starts has been relatively flat by count, the market share for owner- and contractor-built homes has shrunk due to a rebound in other types of home building.
The onset of the housing crisis and the Great Recession interrupted a 15-year long increasing trend toward a growing share for spec home building. As housing production slowed in 2006 and 2007, the share of non-spec building, particularly custom home building, increased. This not-for sale single-family housing construction is classified in Census housing starts data as either owner- or contractor-built.