Townhomes gaining in popularity

With home inventory in short supply and prices continuing to rise, more first-time buyers are turning to townhomes to ease their way into homeownership. this has not gone unnoticed in the building development industry as new townhome construction was up 38 percent in the 3rd quarter of 2021 while single-family home construction increased by 23 percent.

Younger homeowners – often without children – are attracted to townhomes because not only are they less expensive but many are built within easy walking distance of urban amenities.

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