Tag Archive for ‘custom homes’

Slight Gains for Custom Home Building

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates ongoing expansion of the volume of custom home building but slight declines in terms of overall market share. Over the last four quarter period, ending with the third quarter of 2017, there were 173,000 total custom single-family home starts, an increase of more than… Read More ›

Sale and Contract Prices per Square Foot in 2016

Looking at single-family homes started in 2016, the median prices per square foot, excluding improved lot values, range from $164 for contractor-built homes in the Pacific division to $81 for speculatively built homes in the East South Central division. At $164 per square foot, new contractor-built single-family homes in Pacific are the most expensive to build exceeding the national average… Read More ›

Lot Size is at a New Record Low

The median lot size of a new single-family detached home sold in 2016 stands at 8,562 square feet, or just under one-fifth of an acre. This is a new record low and a small decline since 2015, when the median lot size fell under 8,600 square feet for the first time since Census Bureau’s Survey of Construction (SOC) started tracking… Read More ›

Flat Trends for Custom Home Building

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that the number of custom home building starts (homes built on an owner’s land, with either the owner or a builder acting as the general contractor) posted a slight increase on a year-over year basis as of the final quarter of 2015. There were 41,000 total custom… Read More ›