Manufactured home: Previously known as mobile homes, these are typically smaller and much less expensive than single-family homes but also offer the ability to live in a detached space.

Starts of such off-site homes saw a 23.9% annual increase in 2022 from 2021. Comparatively, more traditional on-site single-family home construction projects saw a 11.2% decline over that same period.

At the close of the quarter, the median national rent for single-family detached rental was $2,395, a 20% increase since the same period in 2021 and a 6% increase since the same period in 2022.