Tag Archive for ‘housing’

Sale and Contract Prices per Square Foot in 2014

For single-family homes started in 2014, median prices, excluding improved lot values, range from $159 per square foot for contractor-built homes in the Pacific and New England divisions to $80 per square foot for speculatively-built homes in the East South Central division. The most expensive new single-family homes in 2014 were contractor-built homes in the Pacific and New England divisions with the… Read More ›

Americans Spent $150 billion on Home Improvements & Repairs in 2013

If one wanted to understand the characteristics of the housing stock in the US, including its size, composition, physical conditions, home improvements, characteristics of recent movers, and housing costs, the American Housing Survey (AHS) would be the place to go. The AHS is conducted every other year by the Census Bureau and sponsored by the Department of Housing and Urban… Read More ›

Housing Share of GDP: Home Building Increasing

With the release of the final estimates of second quarter 2015 GDP growth (revised up to a 3.9% growth rate), housing’s share of gross domestic product (GDP) declined slightly to 15.31%. However, the home building and remodeling component – residential fixed investment – expanded for the third consecutive quarter to 3.21% of total GDP. Housing-related activities contribute to GDP in two basic ways. The… Read More ›

New Home Sales Continue Rise

Builders continue the modest rise in new home sales as reported by HUD and the Census Bureau. August new home sales, annualized and adjusted for seasonality, increased to 552,000. The August level was up 5.7% from an upwardly revised July and represents the highest level since February 2008. The steady, albeit modest, progression of new home sales reflects the steady… Read More ›

Property Tax Collections Increase

According to NAHB analysis of Census Bureau’s quarterly data, property taxes made up 38.9% of state and local tax receipts among major sources over the last four quarters. Property tax collections, including commercial real property taxes and personal property taxes, totaled more than $503 billion over the last year. This represents an increase of almost $13 billion, as measured on a four-quarter trailing basis, or… Read More ›

Starts Drop in August, Permits Point to Growth

The pace of housing starts posted a small decline in August, but permits and builder confidence suggest ongoing, modest growth for the rest of the year. After a downward revision for July, total housing starts declined 3% to a seasonally adjusted annual rate of 1.126 million, as detailed in the joint release from the Census Bureau and HUD. The declines… Read More ›

Builders Gain Confidence

The NAHB/Wells Fargo Housing Market Index for September increased one point to 62, the highest level in 10 years. Two of the three components also increased; the present sales indicator rose one point to 67 and the traffic indicator increased two points to 47. The indicator of future sales declined two points to 68 but from a two-month sustained level… Read More ›

Two-Car Garage Most Common in New Homes

A majority of new homes that started construction in 2014 included two-car garages, according to NAHB analysis of Census Survey of Construction data. For single-family constructions starts in 2014, 61.9% of homes included a two-car garage. Another 23.5% of homes possessed a garage large enough to hold three of more cars. Approximately 10% of homes were classified in the “other” category, which… Read More ›