Tag Archive for ‘single-family’

Single-Family Built for Rent Market Holding Steady

Single-family starts built-for-rent increased somewhat to 6,000 starts for the second quarter of 2014. While the market share of built-for-rent single-family units remains somewhat elevated, the share and count of starts appear to be remaining off post-Great Recession highs. 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… Read More ›

Growth of New Single-Family Home Size Cools

The average size of newly built single-family homes was effectively unchanged during the second quarter of 2014. However, current levels reflect recent increases in typical new home size due to an atypical mix of new home buyers. According to second quarter 2014 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, average single-family square floor area decreased from 2,727 to 2,653 square feet,… Read More ›

Mortgage Delinquency Rates Continue to Improve

Data released by the Mortgage Bankers Association (MBA) indicates that the delinquency rate for mortgage loans on one-to-four-unit residential properties, considered single-family properties, decreased to a seasonally adjusted rate of 6.04% of all loans outstanding at the end of the second quarter of 2014, 7 basis points less than its level in the first quarter of 2014 and 92 basis… Read More ›

New Home Prices by Metro Area and State

In response to frequent requests from its members, NAHB Economics recently released its estimates of new single-family home prices by state and metro area. The most expensive new single family homes are built and sold in three Northeastern states: Connecticut, Massachusetts and New York – with their respective median new single-family home prices of $491,425, $432,724 and $411,169. District of… Read More ›

County Level Permit Activity

The Census Bureau recently released annual estimates of building permits issued at the county level. In 2013, 1,807 counties and county equivalents saw an increase in the number of single family permits issued over the prior year while 858 saw a decrease. County equivalents include the 64 parishes in Louisiana, 16 boroughs in Alaska, and 42 independent cities. The map… Read More ›

Single-Family Built for Rent Market Remains Off Recent Market Highs

Single-family starts built-for-rent were effectively unchanged at 4,000 starts for the first quarter of 2014. While the market share of built-for-rent single-family units remains elevated, the share and count of starts appear to be declining off post-Great Recession highs. 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,… Read More ›

Mortgage Delinquency Rates Fall

Data released by the Mortgage Bankers Association (MBA) indicates that the delinquency rate for mortgage loans on one-to-four-unit residential properties, considered single-family properties, decreased to a not seasonally adjusted rate of 5.69% of all loans outstanding at the end of the first quarter of 2014, 106 basis points below the 6.75% delinquency rate recorded in the first quarter of 2013…. Read More ›

Concentration of Single-Family Housing 2005 to 2012

In a series of posts, NAHB examined key housing statistics from the 2012 American Community Survey (ACS) for metro areas in the United States. One statistic that drew interest was the share of homeowners living in single-family detached housing. This post expands that analysis by looking at the share of total housing units (owned and rented) from 2005 to 2012…. Read More ›

Jobs Created in the U.S. When a Home is Built

In an article published the first day of this month, NAHB released new estimates of the impact that building single-family and multifamily homes has on the U.S. economy. The new estimates show that building an average single-family home generates 2.97 jobs, measured in full-time equivalents (enough work to keep one worker employed for a year). A substantial share of this is… Read More ›

Average Size of New Single-Family Homes at the End of 2013

The size of a typical new single-family home declined slightly for the final quarter of 2013, although the trend for the year was one of increasing size. The trend is likely due to an atypical mix of buyers. According to fourth quarter 2013 data from the Census the Quarterly Starts and Completions by Purpose and Design survey, the average single-family square footage decreased from 2,701 to… Read More ›