Soaring land and building costs, higher median single-family home prices, growing preference for dense, walkable environments and the need for a bridge between renting and first-home purchases are all helping bring back a staple of the 19^th Century. That Victorian-era essential is the townhome.

A National Association of Home Builders (NAHB) analysis of the most recent census data of “Starts and Completions by Purpose and Design” found townhouse construction starts continuing to grow. Over the four quarters ending with the first quarter of 2018, townhouse starts nationally totaled 105,000, seven percent higher than the prior four quarters. Employing a one-year moving average, new townhome market share is at 12.3 percent of all single-family starts.

The article is written by Jeffrey Steele for Forbes. You can read the full article here.