Tag Archive for ‘single-family housing’

High End New Homes

In 2015, a total of 1,762 homes were started for sale with a price of $1 million or more according to the Census Bureau’s Survey of Construction. New homes started for sale with a price of $ 1 million or more decreased as a share in absolute number in 2015. That number was significantly lower than in 2013 (3,347 homes) and… Read More ›

New Homes with a Community Association

NAHB tabulations of data from the Census Bureau’s Survey of Construction (SOC) show 59 percent of new homes started in 2015 were built within a community with a homeowner’s or community association. The Census Bureau defines a community or homeowner’s association as “formal legal entities created to maintain common areas of a development and to enforce private deed restrictions; these… Read More ›

New Home Sales: Financing Source Shares Hold Steady

NAHB analysis of the most recent Census estimates concerning sources of financing for new home sales reveals that the share of mortgages financed through conventional, FHA, and VA loans, as well as cash, held steady in the second quarter of 2016 while the number of new homes sold grew by 22%. According to data from the Census Bureau’s Quarterly Sales by Price… Read More ›

New Single-Family Home Size: Flat Trends

The typical size of newly built single-family homes was effectively unchanged from the second to third quarter of 2015, posting a small quarterly decline. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical home size is expected to trend somewhat lower. According to third quarter 2015 data… Read More ›

What Types of Foundations Are Used in New Homes?

NAHB analysis of the Survey of Construction (SOC) shows that the market share of new single-family homes built on slabs has been generally increasing, whereas homes with basements or crawl spaces have been on the decline since the year 2000. 56% of all new single-family started in 2014 were built on slab foundations, 28% had a full/partial basement, and 15%… Read More ›

Year-over-Year Gains 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 second quarter of 2015. Over the last four quarters,… Read More ›

Townhouse Construction at Seven-Year High

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 24,000 for the second quarter of 2015, up 26% from a year prior. Over the last four quarters, townhouse starts totaled 78,000 nationwide. The second quarter pace of townhouse construction is the fastest since the first quarter of 2008. Using a… Read More ›

New Single-Family Home Size Trends Flat

The typical size of newly built single-family homes was effectively unchanged from the first to second quarter of 2015, posting small quarterly declines. The current data is consistent with the general trend of flat growth for the size of typical newly-built homes, a pattern that took hold during 2014. As first-time buyers return to the market, typical home size is expected to trend somewhat lower. According to second quarter 2015… Read More ›

Builders Continue to Build

July housing starts moved sideways, but the split between single-family and multifamily showed much greater change. Single-family housing starts increased almost 13 percent from June and topped the highest annualized rate since January 2008 when home buyer credits were available. Removing some of the monthly aberrations, the three-month moving average has been steadily increasing since the trough in 2011. Multifamily… Read More ›

Where Was the Custom Home Market Share Highest in 2014?

NAHB’s analysis of the most recent Census Bureau’s Survey of Construction (SOC) shows that in 2014 custom home building expanded across all regions of the Unites States, except the Mountain division where the custom home share of new single-family starts remained stable under 16 percent, the lowest share in the nation. The New England and East North Central divisions registered… Read More ›