Tag Archive for ‘single-family housing’

Community Associations Continue to Rise

According to data from the Census Bureau’s Survey of Construction (SOC), 60.7 percent of all homes started in 2017 were built within a community or homeowner’s association. The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common areas of a development and to enforce private deed restrictions; these organizations are usually created when the… Read More ›

Sale and Contract Prices per Square Foot in 2017

Looking at single-family homes started in 2017, the median prices per square foot, excluding improved lot values, range from $155 for contractor-built homes in the Pacific division to $86 for speculatively built homes in the East South Central division. The median sale and contract prices per square foot are up across most divisions. The most significant gains are registered in… Read More ›

New Home Sales Reach Strongest Pace in a Decade

Contracts for new, single-family home sales expanded by 6.2% in October to a 685,000 seasonally adjusted annual rate, according to estimates from the joint release of HUD and the Census Bureau. The strongest reading in a decade continues new home sales on a positive growth trend. The expansion is supported by ongoing job growth and improving household formations, as well as tight existing home inventory. Despite some volatility in the month-to-month sales figures, October marks the sixth… Read More ›

Jump for New Home Sales in September

Contracts for new home sales expanded by 18.9% in September to a 667,000 seasonally adjusted annual rate, according to estimates from the joint data release of HUD and the Census Bureau. The solid reading in September returns new home sales to the positive growth trend it has been on for several years. This expansion is supported by ongoing job growth and improving household formations, as well as tight existing home inventory. Despite some… Read More ›

What Do Home Buyers Buy after Moving

In a prior recent post we discussed NAHB research showing how during the first year after closing on a home sale, home buyers tend to spend considerably more money on furnishings, appliances and remodeling compared to non-moving owners. Buyers of new homes spend most, outspending non-movers by a factor of 2.6. Buyers of existing homes spend twice as much as… Read More ›

Custom Home Building Market Growth Slows

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates a slowing of the growth rate for the custom home building market. Over the last four quarter period, ending with the first quarter of 2017, there were 168,000 total custom single-family home starts, an increase of almost 2% over the previous four quarters. Custom… Read More ›

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 ›