Tag Archive for ‘home building’

Share of New Homes with Patios Edges Up Again

Of the roughly 876,000 single-family homes started in 2018, 59.4 percent came with patios, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD).  This is the highest the number has been since NAHB began tracking the series in 2005.  The incidence of patios on new homes… Read More ›

Single-Family Starts Rebound Continues in November

According to estimates from the Housing and Urban Development and Commerce Departments, single-family starts expanded in November, albeit off downwardly revised numbers from prior months. The three-month moving average for single-family construction is currently at a post-recession high, which combined with strong reporting from the NAHB/Wells Fargo Housing Market Index (HMI), indicates future growth ahead. Single-family starts increased 2.4% to… Read More ›

Builder Confidence Ends Year Strong on Solid Economic Fundamentals

Builder confidence in the market for newly-built single-family homes increased five points to 76 in December off an upwardly revised November reading, according to the latest National Association of Home Builders/Wells Fargo Housing Market Index (HMI) released today. This is the highest reading since June of 1999. Builders are continuing to see the housing rebound that began in the spring,… Read More ›

Regional Data on Single-Family Permits in October

Over the first ten months of 2019, the total number of single-family permits issued year-to-date (YTD) nationwide reached 727,301. On a year-over-year (YoY) basis, this is a 1.6% decline over the October 2018 level of 739,120. Year-to-date ending in October, single-family permits reported declines in three regions and a slight increase in the South. The Northeast reported the steepest decline… Read More ›

Garages in New Homes: 2018 Data

A majority of new homes that completed construction in 2018 included two-car garages (64%), according to NAHB analysis of 2018 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions. Except for West North Central division, the 2-car garage was the largest share of completed homes in all other divisions…. Read More ›

Gain for Construction Loan Volume During Third Quarter

After a slight (and delayed) dip in interest rates for AD&C loans, the stock of outstanding residential construction loans expanded during the third quarter of 2019. The volume of 1-4 unit residential construction loans made by FDIC-insured institutions increased 0.8%. The volume of loans increased by $628 million during the quarter, placing the total stock of loans at $80.3 billion…. Read More ›

Share of New Homes with Decks Declines in 2018

Of the roughly 876,000 single-family homes started in 2018, 22.6 percent included decks, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD). This is down over a full percentage point from he 23.8 percent recorded a year earlier. From 2005 to 2008, the share of new… Read More ›

Reversing Trend, Interest Rates on AD&C Loans Decline in 3rd Quarter

In the third-quarter of 2019, builders and developers reported declining interest rates on all types of loans covered in NAHB’s survey on acquisition, development and construction (AD&C) financing. In the third quarter, the average interest rate declined from 6.59 to 6.39 percent on loans for land acquisition, from 6.49 to 6.39 percent on loans for land development, from 6.21 to… Read More ›

New Home Sales Remain Solid in October

Contracts for new, single-family home sales declined in October by 0.7% to a 733,000 seasonally adjusted annual rate according to estimates from the joint release of HUD and the Census Bureau. The decline came off an upwardly revised September estimate, which was increased from an initial reading of 701,000 to a new estimate of 738,000. Year-over-year, the October estimate is 31.6% higher. Sales continue… Read More ›

Multifamily Built-for-Rent: 93% Market Share

An elevated rental share of multifamily construction is holding typical apartment size below levels seen during the pre-Great Recession period. As multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. According to third quarter 2019 data, the average per unit square footage of multifamily housing construction starts was 1,133, off from… Read More ›