Posted To: MND NewsWire

It has been rumored since the first wave of the coronavirus struck in some of the densely populated urban centers, especially in New York and New Jersey. Now, however, there is substantiation of a population shift from the National Association of Home Builders (NAHB). Its second quarter Home Building Geography Index (HBGI) shows that, while the pandemic caused widespread economic impacts for many businesses, housing has weathered the economic storm, rebounding quickly from an April slump. It also shows that, the only region posting a quarterly gain for single-family construction during the second quarter was small metro suburbs. Litic Murali, writing in NAHB’s Eye on Housing blog says that more than 55 percent of the U.S. population resides in “large metro areas” but these large areas make…(read more)

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Source: Mortgage News Daily