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It kinda does to a certain extent, depending on how densely things can be built. When there’s a townhouse available with double the floor area as a single family home for the same price, that’s going to decrease demand for the single family house. But yeah it doesn’t decrease demand a huge amount as most people still want to have a back yard if they can and banks will lend more for a standalone place because reasons.
Cost of building doesn’t affect land values, so if your portfolio is mostly single level family homes, you don’t have too much to worry about.
It kinda does to a certain extent, depending on how densely things can be built. When there’s a townhouse available with double the floor area as a single family home for the same price, that’s going to decrease demand for the single family house. But yeah it doesn’t decrease demand a huge amount as most people still want to have a back yard if they can and banks will lend more for a standalone place because reasons.