Tag Archive for ‘single-family’

Mortgage Debt Continues to Grow

According to the Household Debt and Credit Report released by the Federal Reserve Bank of New York (FRB NY), the outstanding amount of housing-related debt, both home mortgages and home equity lines of credit (HELOCs), totaled $8.8 trillion in the second quarter of 2016, 2.6% ($225 billion) greater than the level from one year ago. However, the outstanding amount of home equity… Read More ›

Jump in Single-Family Built-for-Rent Construction

The number of single-family homes built-for-rent has posted solid gains over the last year. However, the built-for-rent market is a small portion of the total single-family development, so care must be taken when identifying trends. According to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and NAHB analysis, the market share of single-family homes built-for-rent, as measured on a… Read More ›

Custom Home Building Steady

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 2016. There were 47,000 total custom… Read More ›

New Single-Family Home Size Declining

After increasing and leveling off in recent years, new single-family home size declined during the second quarter of 2016. This change marks a reversal of the trend that had been in place as builders focused on the higher end of the market during the recovery. As the entry-level market expands, including growth for townhouses, typical new home size is expected to… Read More ›

Townhouse Construction Market Expansion

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts continued to outpace the rest of the single-family market during the second quarter of 2016. Over the last four quarters ending with the second quarter of 2016, townhouse starts totaled 98,000, a more than 25% gain over prior year total…. Read More ›

Multifamily Strength in July

The July pace of total housing starts increased 2.1% over the June rate, led by strength in the multifamily sector. However, year-to-date measures continue to be consistent with the NAHB forecast of growth for single-family construction this year, as well as a slight dip for apartment development compared to 2015 levels. According to estimates from the Census Bureau and the Department… Read More ›

New Single-Family Home Foundation Types in 2015

NAHB analysis of the Survey of Construction (SOC) shows that 57% of all new single-family homes started in 2015 were built on slab foundations, 27% had a full/partial basement, and 14% had a crawl space. The remaining 2% included raised supports, earthen, and other foundation types. The share of new single-family homes built on slabs steadily increased from 46% in… Read More ›

Private Residential Construction Spending Stalls in June

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for June registered a seasonally adjusted rate of $445.8 billion, virtually unchanged from the May downwardly revised estimate. Private nonresidential construction spending fell for a third consecutive month in June, down by 1.3%. Within private residential construction, spending on single-family and multifamily both declined in June…. Read More ›

New Single-Family Housing Starts by Divisions

Using the public-use microdata files provided by Census Bureau’s Survey of Construction (SOC), NAHB Economics and Housing Policy group tabulated new single-family housing starts for the nine census divisions, including Pacific, Mountain, West North Central, West South Central, East North Central, East South Central, Middle Atlantic, South Atlantic, and New England. The map and figure below provide a more geographically… Read More ›

Time to Build a Single-Family Home in 2015

The 2015 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7 months, which usually includes almost a month from authorization to start and another 6 months to finish the construction. The timeline from authorization to completion, however, is not consistent across the nation, depending on the housing category,… Read More ›