Tag Archive for ‘single-family construction’

Small City Single-Family Building Growth Slowing

After several years of steady construction gains, single-family construction in small cities experienced a net deceleration of growth going into 2019. Such areas represent 37% of all single-family construction nationwide. With a population of nearly 95 million, small cities in the U.S. account for about 30% of the U.S. population and therefore serve as a good “demographic and economic microcosm”… Read More ›

Single-Family Market Share Change

As tracked by the NAHB HBGI, the changing geographic shares of single-family construction across the U.S. reflect the evolution of home building. As can be seen from the above figure, the market share of single-family permits for small city core areas declined slightly over the last eight years, starting initially from a little less than 30% of single-family home construction… Read More ›

Existing Home Sales Declined in March

After a strong gain in February, existing home sales, released by the National Association of Realtors, fell back in March despite lower interest rates and a strong labor market. Total existing home sales, including single-family homes, townhomes, condominiums and co-ops, declined 4.9% to a seasonally adjusted annual rate of 5.21 million in March. On a year-over-year basis, sales were 5.4%… 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 ›

Pace of Residential Construction Spending Continues Positive Trend

Private residential construction got off to an auspicious start in 2017, continuing the growth trend that began in October of last year.  NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew 0.5% in January 2017 to a seasonally adjusted annual rate (SAAR) of $476.4 billion. Multifamily construction spending in January grew by 2.2% to a seasonally-adjusted… Read More ›

Single-Family Construction Up in November

NAHB analysis of Census Construction Spending data shows that total private residential construction spending fell 0.7% in November to a seasonally adjusted annual rate of $462.9 billion. Multifamily construction spending slowed for the first time since July to a seasonally-adjusted annual rate of $61.9 billion, down 2.9% from the revised October estimate. Despite the slowdown, multifamily spending was still 10.7%… Read More ›

Single-family Construction Spending Declines Again

According to estimates from Census Construction Spending data, total private residential construction spending edged down 0.3% in August to a seasonally adjusted annual rate of $449.2 billion. The record-breaking gains registered by multifamily construction were not enough to offset the declines in both single-family and home improvement spending. Multifamily construction spending rose to $62 billion, exceeding the peak readings registered… Read More ›