Tag Archive for ‘single-family’

New Single-Family Housing Starts by Divisions in 2016 – Long Road Back to Normal

NAHB analysis of the Survey of Construction (SOC) shows that, nationally, there were 779,082 new single-family units started in 2016, 10% higher than 2015. According to the NAHB tabulation of data from the 2016 Survey of Construction, new single-family housing starts were divided into the nine Census divisions, including Pacific, Mountain, West North Central, West South Central, East North Central,… Read More ›

Time to Build a Single-Family Home in 2016

The 2016 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.5 months, which usually includes almost a month from authorization to start and another 6.5 months to finish the construction. The timeline from authorization to completion, however, which is not consistent across the nation, depends on the housing… Read More ›

Private Residential Construction Spending Rises in July

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $523.1 billion in July, 0.8% up from upwardly revised June estimates. It was the third consecutive monthly increase after a dip in April. The total private residential construction spending was 11.6% higher than a year ago. The… Read More ›

Modest Expansion for Residential Construction Loans

The volume of residential construction loans increased by 1.2% during the second quarter of 2017, marking 17 consecutive quarters of growth. However, the growth rate for lending since the end of 2016 has slowed. Tight availability of acquisition, development and construction (AD&C) loans has been a limiting factor for home building growth, but easing credit conditions and a growing loan base have helped expand residential construction activity in a thin inventory environment. According… Read More ›

New Home Sales Falter After Encouraging Spring

According to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development, sales of new single-family homes fell 9.4 percent over the month of July to a seasonally adjusted annual rate of 571,000. Despite the declines, sales over the first seven months of 2017 are 9.2 percent above their level over the same period in 2016. The… Read More ›

Gains for Custom Home Building

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates ongoing expansion of the volume of custom home building but slight declines in terms of overall market share. Over the last four quarter period, ending with the second quarter of 2017, there were 171,000 total custom single-family home starts, an increase of more… Read More ›

New Single-Family Home Size Trends Lower

After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during the second quarter of 2017.  This change of the last two years 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… Read More ›

Single-Family Starts Flat in July

The pace of single-family starts was effectively flat in July, after a strong rate was recorded in June. In contrast, the multifamily market continues to slow after multiple strong years. Total starts declined almost 5% in July to a 1.155 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. The headline decline… Read More ›

Private Residential Construction Spending Dips in June

NAHB analysis of Census Construction Spending data shows that total private residential construction spending stood at a seasonally adjusted annual rate (SAAR) of $502.9 billion in June, 0.2% lower than downwardly revised May estimates. It was the third consecutive monthly decrease after a strong start this year. Nevertheless, the total private residential construction spending was 9.2% higher than a year… Read More ›

New Home Sales Expand Moderately

Sales of new single-family homes rose 0.8 percent in June 2017 to 610,000 as reported jointly by the Census Bureau and the Department of Housing and Urban Development. The June increase reflected a downward revision to the estimate of new home sales in May. If the May sales number remained at its initially reported level of 610,000, then sales would… Read More ›