Tag Archive for ‘single-family’

Increase for Single-Family Built-for-Rent Construction

The total number of single-family homes built-for-rent has shown signs of growth over the past 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… Read More ›

Slight Gains for Custom Home Building

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 first quarter of 2016. There were 31,000 total custom… Read More ›

Townhouse Construction Growth Continues

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts continued to grow at the start of 2016. Over the last four quarters townhouse starts totaled 94,000, a nearly 29% gain over prior year total. For the first quarter of 2016, townhouse starts came in at 22,000, a noticeable… Read More ›

Flat Trends Continue for New Single-Family Home Size

Size trends of typical newly built single-family homes posted a small decline from the end of 2015 to the first quarter of 2016. The current data is consistent with an end of the shift to the high-end of the housing market, a pattern that took hold during 2014. As builders develop more homes for entry-level buyers, typical home size is expected to trend lower. According to first quarter 2016 data from… Read More ›

April Starts Consistent with Builder Confidence Reading

Single-family housing starts were up 3.3% for the month of April to a seasonally adjusted annual rate of 778,000, according to estimates from the Census Bureau and the Department of Housing and Urban Development. This marks a 4.3% gain in the pace of single-family construction on a year-over-year basis and is consistent with recent flat readings of the NAHB/Wells Fargo… Read More ›

The Song Remains the Same: Builder Confidence Flat

Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). The May reading marked the fourth straight month of the HMI standing at an index value of 58. While the HMI remains in positive territory, soft economic data for the start… Read More ›

Multifamily Spending Continues Record Breaking Pace

March multifamily residential construction spending had significant gains from one year ago. NAHB analysis of Census Construction Spending data shows that total private residential construction spending for March increased to a seasonally adjusted annual rate of $435.5 billion, up by 1.6% over February’s revised estimate. Meanwhile nonresidential construction spending declined 0.4% after two consecutive monthly increases. Within private residential construction… Read More ›

Private Residential Construction Spending Continues Its Steady Growth

Private residential construction spending reached the highest rate since November 2007. NAHB analysis of Census Construction Spending data shows that total private residential construction spending for February increased to a seasonally adjusted annual rate of $448 billion, up by 0.9% over January’s revised estimate. Meanwhile the nonresidential construction spending slipped 1.4% after a huge increase in January. Within the private… Read More ›

New Homes Sales Post Slight Rebound

The February pace of new home sales was up 2% nationwide, according to estimates published by the Census Bureau and the Department of Housing and Urban Development. At a seasonally adjusted annual rate of 512,000, the February rate posted a slight improvement over the upwardly revised January estimate, which increased from a 494,000 annual rate to 502,000. Since 2011, new… Read More ›