Tag Archive for ‘single-family housing’

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 ›

Housing Prices – Slowing to Sustainable Growth

The Federal Housing Finance Agency (FHFA) and the Standard and Poor’s/Case-Shiller recently released their respective home price indices for April. House prices have been recovering since reaching the bottom of the downturn in 2012. Both the new and existing single-family homes’ median sale prices are presented along with the home price index. All three indicators tell a similar story of rapid… Read More ›

Modest Increase in Housing Production

Housing starts and permits rose modestly in March after a very disappointing February. Total housing starts increased 2% to an annual rate of 926,000 from an upwardly revised 908,000 in February. Single-family starts improved slightly better at a 4.4% increase to 618,000 from a virtually unchanged 592,000 in February. Multifamily starts did drop again to 308,000, the lowest annualized monthly… Read More ›