Townhomes Are Booming—But Why? | Builder Magazine

“Many builders are turning to this product, as the price point for sale is lower, and it allows them to build more units,” says Brian Lawrence, who’s seen an uptick in townhome financing applications in his work as vice president and relationship manager at Univest Bank and Trust Co. “Profit on the project … See more

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FAQs about Townhomes Are Booming—But Why? | Builder Magazine Coupon?

Are townhomes the fastest growing segment of the single-family housing market?

In fact, townhomes are now the fastest-growing segment of the single-family housing construction market, according to the National Association of Home Builders, a Washington, DC–based trade group. Townhouse construction was up 17.8% from 2014 to 2015, according to the most recent data available from the NAHB. ...

Should you build a townhouse or a standalone home?

“Before, it was mostly empty nesters or divorcees with kids.” For builders, townhouses are a win-win, says Dietz. They take up less space than standalone homes, enabling builders to construct more of them on smaller lots. This is a big deal in metro areas and older suburbs, where land is scarce and expensive. ...

Why should you buy a new build townhome?

New build townhomes offer residents a unique opportunity to experience low-cost homeownership while gaining equity in their investment. Plus, there are so many great amenities available with condo living, including playgrounds, parks, walking trails, clubhouses, community centers, and so much more, all in a low-maintenance environment. ...

Are townhomes a 'lovechild'?

And now the lovechild of a condominium and standalone house is back again and hotter than ever with both buyers and builders. In fact, townhomes are now the fastest-growing segment of the single-family housing construction market, according to the National Association of Home Builders, a Washington, DC–based trade group. ...

Should you buy a townhouse or a condo?

Townhouses are more affordable for both builders and buyers. With a 16-month-old daughter and a baby on the way, Julie and Zach Pastko figured they would need more space than what they had in their two-bedroom, two-bath Chicago condo. ...

How much does a townhouse cost in September?

Townhouses and row homes sold for a median $198,000 in September—about 12% less than detached single-family homes, according to the most recent data available from realtor.com ®. About a quarter of current and wannabe homeowners plan to buy a townhouse this year, according to a realtor.com® survey released in October. ...