Tag Archive for ‘single-family’

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 ›

Lot Values at Record High

Single-family lot prices set a new record in 2015, with half of the lots priced at or above $45,000. According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, this is the highest median lot value on record and exceeds the previous record of $43,000 reached in 2006, in the midst of the housing boom when twice… Read More ›

Builder Confidence Holds Firm in July

Builder confidence in the market for newly built, single-family homes in July fell one point to 59 from a June reading of 60 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI). For the past six months, builder confidence has remained in a relatively narrow positive range that is consistent with the ongoing gradual housing recovery. However,… Read More ›

Lots in 2015 are Smallest on Record

The median lot size of a new single-family detached home sold in 2015 dropped under 8,600 square feet for the first time since Census Bureau’s Survey of Construction (SOC) started tracking the series. An acre is 43,560 square feet, so the current median lot size is just under one-fifth of an acre. In 2014, Paul Emrath used a football field… Read More ›

Vinyl is the Most Widely Used Exterior On New Homes

According to data from the Census Bureau’s Survey of Construction (SOC), vinyl (including vinyl-covered aluminum) was the most common principal siding material on new single-family homes started in 2015 (27 percent), followed by stucco (25 percent), brick or brick veneer (22 percent each), and fiber cement siding (such as Hardiplank or Hardiboard) (19 percent). Wood or wood products accounted for… Read More ›