|"The real demand is in ground-related product, townhouses, row houses, semi-detached homes," said Bryan Tuckey, chief executive of the Building Industry and Land Development Association. "They can't build more ground related product because of the land situation."
Mr. Tuckey said the situation is different for high rises. Builders had excess inventory and chose to sell off that supply before building new product. That lack of supply is making the low-rise homes that are going up are even more dense – meaning the days of detached homes are coming to an end.