Tag Archive for ‘SOC’

Share of New Homes with Porches Back Over 65 Percent

Of the roughly 780,000 single-family homes started in 2016, 65.1 percent included porches, according to NAHB tabulation of data from the Survey of Construction (SOC).  The SOC is conducted on an ongoing basis by the U.S. Census Bureau with partial funding from the Department of Housing and Urban Development. Among other things, the SOC shows that, over the period when single-family starts were… Read More ›

New Single-Family Home Foundations in 2016

NAHB analysis of the Survey of Construction (SOC) shows that 56.8% of all new single-family started in 2016 were built on slab foundations, 27.4% had a full/partial basement, and 14.5% selected a crawl space. The gap between slab and full/partial basement foundation adoption rates is growing: the share built on slabs steadily increased from 46.0% in 2000 to 56.8% in… Read More ›

Time to Build an Apartment Building in 2016

The average length of time to complete construction of a multifamily building, after obtaining authorization, was 15 months according to the 2016 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time increased by approximately one month from 2015 to 2016, as per unit median square footage and share of multifamily for sale rose. The average time to build… 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 ›

Basements Didn’t Matter: New Homes Were Still Larger in 2015

A recent NAHB post shows that, after rising to a record high, the size of new single-family homes has leveled off and, as of the second quarter of 2016, is now trending downward slightly. Several things could be responsible.  NAHB (and others) have emphasized a changing mix of repeat and first-time home buyers.  Before focusing exclusively on this, however, it would be good… Read More ›

Porches on 90% of New Homes in 4 Southern States

There is a clear geographic pattern to the exterior amenities (porches, patios and decks) included on new homes, according to data from the Survey of Construction (SOC).  Among Census divisions, the highest incidence of one of these amenities occurs in the East South Central (the four southern states of Alabama, Kentucky, Mississippi and Tennessee), where 90 percent of the new homes started in… Read More ›

Size of New Homes Continues to Edge Up

According to recently released data from the Survey of Construction (SOC), the trend toward smaller home sizes, which started during the market downturn, has since reversed itself. In fact, since 2009, the median size of newly started single-family homes has increased steadily to a record high of over 2,300 square feet last year. The SOC is conducted by the Census… Read More ›