Tag Archive for ‘single-family’

Small Gains for Single-Family Built-for-Rent Construction

The number of single-family homes built-for-rent increased during 2017. Over the year, construction starts of this type of housing totalled 36,000 homes, compared to 34,000 for 2016. There were 11,000 starts during the final quarter of 2017. 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 ›

Small Gain for Custom Building in 2017

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates that with a small gain for the year, 2017 set a post-recession peak for custom home building starts (homes built on an owner’s land, with either the owner or a builder acting as the general contractor). There were 40,000 total custom starts for the final… Read More ›

Townhouse Construction Expands

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts continue to post gains. Over the course of 2017, townhouse starts totaled 104,000, 7% higher than 2016. Townhouses, or single-family attached housing, accounted for 29,000 starts during the fourth quarter of 2017, 21% higher than the total during the fourth… Read More ›

Total Housing Starts Near Post-Recession High

Total housing starts increased in January, led by strong gains for multifamily development. Starts jumped 9.7% to a 1.33 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. The pace of single-family starts expanded in January, rising 3.7% to an 877,000 seasonally adjusted annual rate. The three-month moving average for single-family starts remained… Read More ›

Builder Confidence Stays at Strong Level in February

Builder confidence in the market for newly-built single-family homes remained unchanged at a healthy level of 72 in February on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). Demand conditions are positive, but supply-side construction hurdles need to be managed, as scarce labor and building material price increases remain top concerns. In particular, the HMI gauge of… Read More ›

Private Residential Spending Reaches Cycle High

NAHB analysis of Census Construction Spending data shows that total private residential construction spending rose 0.5% in December to a seasonally adjusted annual rate of $526.1 billion, the highest level since March 2007. Total private residential construction spending rose 6.2% last year, after increasing 12.5% in 2016. The monthly gains are largely attributed to the increase in multifamily construction spending…. Read More ›

Single-Family Homes Make Up 1/3 of Rental Stock

The 2016 American Community Survey shows that renters occupied 43.8 million residences in 2016. Of these rental homes, 34.8% are one-unit single-family homes (attached and detached), 17.7% are 2- 4 unit structures. Therefore, more than half of all renters, approximately 53%, lived in buildings with less than 5 units in 2016. Single-family homes made up a substantial share of rentals… Read More ›

Single-Family Starts Pull Back in December

Total housing starts declined in December after strong readings for prior months due to weather-related delay effects in the fall. Total starts decreased 8% to a 1.19 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. Nonetheless, over the course of 2017 single-family starts posted a strong year, increasing 8.5% compared to 2016 to… Read More ›

States in the South and West Led 2017 Population Growth

The U.S. population grew by 2.3 million between July 1, 2016, and July 1, 2017, representing a 0.7% increase from 323.4 million to 325.7 million according to the U.S. Census Bureau’s national and state population estimates. Despite some volatility, U.S. population growth has been slowly declining since 1992 as shown by the chart below. Over the 1990 to 1999 period… Read More ›