Large Metro – Suburban County

Inner and outer suburbs of larger metropolitan areas

Total population 87,995,081; 27.3% of total U.S. population

  • 25.4% of single-family construction for 2Q20
  • -6.6% single-family quarterly growth rate for the 2Q20
  • -9.1% single-family year-over-year growth rate (2Q20 vs 2Q19)
  • 4.5% single-family 4-quarter MA of the year-over-year growth rate
Home Building Geography Index (HBGI)
  • 25.9% of multifamily construction for 2Q20
  • -11.9% multifamily quarterly growth rate for the 2Q20
  • -17.2% multifamily year-over-year growth rate (2Q20 vs 2Q19)
  • 7.8% multifamily 4-quarter MA of the year-over-year growth rate