Large Metro - Outlying Areas

Exurbs of Larger Metropolitan Areas

Total population: 14 million; 4.3% of total U.S. population

  • 8.9% of single-family construction for 1Q21
  • 7.6% single-family quarterly growth rate for the 1Q21
  • 34.2% single-family year-over-year growth rate (1Q21 vs 1Q20)
  • 20.3% single-family 4-quarter MA of the year-over-year growth rate
  • 3.7% of multifamily construction for 1Q21
  • -16.7% multifamily quarterly growth rate for the 1Q21
  • 52.6% multifamily year-over-year growth rate (1Q21 vs 1Q20)
  • 8.7% multifamily 4-quarter MA of the year-over-year growth rate