Anyone who’s searched for an affordable home lately – new-construction or not – knows it’s rough in cities with a tight housing inventory. Newly built homes have become an attractive option for those who want to skip bidding wars and start with a clean slate. But, many builders now are focused on higher-priced homes, making it harder to find new-construction within reach for many homebuyers, particularly first-time buyers.

However, there still are affordable new homes being built. Homebuilders with a national reach have been building a small number of starter homes at affordable prices. These affordable new-construction homes tend to be smaller single-family residences that have fewer customizable features. On the other hand, the new-construction townhome market has increased by 23%. That’s because Millennials and Boomers, who make up a large share of today’s homebuyers, are more accepting of housing types other than single-family homes and because, for builders, it’s an economically useful way to build more homes on a smaller amount of space.

The article is written by Patricia Garcia for Forbes Online. You can read the full article here.