By REALTORMag
The number of custom-home building starts set a post-recession high in the third quarter, according to U.S. Census Bureau data. The bureau defines custom-home building as homes built on an owner’s land, with either the owner or a builder acting as the general contractor.
In the third quarter, there were 49,000 total custom starts, compared to 47,000 in the third quarter of 2015. Over the last four quarters, there were 169,000 total custom single-family home starts, a nearly 8 percent increase over the prior four quarters, according to the National Association of Home Builders’ analysis of the data.
