Tag Archive for ‘single-family’

New House Price Data Show Why Costs Are a Problem

New data released by the U.S. Census Bureau and the Department of Housing and Urban Development provide strong evidence that the costs of producing new housing are making it difficult to impossible to build homes for a significant part of the U.S. housing market. At the beginning of June, the Census Bureau traditionally releases data about the Characteristics of New… Read More ›

Private Residential Construction Spending Stalls in April

NAHB analysis of Census Construction Spending data shows that total private residential construction spending for April dropped to a seasonally adjusted annual rate of $439.7 billion, down by 1.5% over the March upwardly revised estimate. Private nonresidential construction spending was also down 1.5%, the first decline in 2016. Within private residential construction, spending on multifamily and improvements both declined in… Read More ›

New Home Sales Surge in April

Rising to the highest monthly pace since early 2008, new single-family home sales recorded strong gains in April, according to estimates from the Census Bureau and the Department of Housing and Urban Development. Increasing 16.6% on a monthly basis and 23.8% year-over-year, the pace of new home sales came in at 619,000 on an annualized basis. Sales increased for all regions… Read More ›

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 ›