The Q2 2020 results of NAHB’s Home Building Geography Index (HBGI) show geographical trends of the home building industry as the novel coronavirus, COVID-19, spread quickly through the United States. Although the pandemic caused widespread economic impacts for many businesses, housing has weathered the economic storm, rebounding quickly from an April slump.
Moreover, data from the second quarter NAHB HBGI indicates a suburban shift for residential construction. As detailed below, the only region posting a quarterly gain for single-family construction during the second quarter was small metro suburbs.
