Condominiums & Townhomes

Condominiums & Townhomes covers attached for-sale housing — condominiums and townhomes owned individually with shared common areas governed by associations. It is a major ownership-housing form, especially in urban and high-density markets, providing a lower-cost entry to homeownership and a higher-density development product.

Demand is driven by affordability (condos are typically cheaper than single-family), urban living, and density, though it is sensitive to mortgage rates, HOA/insurance cost increases (a growing pressure, especially in disaster-prone areas), and condo-specific financing and inspection requirements (heightened after the Surfside collapse). It is highly fragmented (individual owners); the development is profiled under Construction & Engineering and association management under Property Management.