Tag Archive for ‘starts’

Single-Family Starts Post Slight Gain in August

The pace of single-family starts posted a slight gain in August, albeit over downwardly revised estimates of the rate of July construction. Nonetheless, the three-month moving average for single-family starts is at a post-recession high of 849,000 as the gradual recovery in home building continues. Total starts declined almost 1% in August to a 1.180 million seasonally adjusted annual rate, according to the… Read More ›

Custom and Spec Home Market Shares in 2016

NAHB’s analysis of the most recent Census Bureau’s Survey of Construction (SOC) shows that custom home building registered declining market shares across most US regions in 2016. The sharpest drop in the custom home share of new single-family starts took place in the East South Central division, from 35% to 27%. The two exceptions are the Mountain and Pacific divisions… 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 ›

Single-Family Starts Bounce Back in June

Total housing starts bounced back in June after a weak May. Total starts increased 8.3% to a  1.215 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. Monthly increases were recorded for both single-family and multifamily development. Single-family starts moved forward, increasing to an 849,000 annual rate in June. The February annualized… Read More ›

Multifamily Built-for-Rent Share Remains Elevated

An elevated market share for new rental multifamily homes is holding typical apartment size below levels seen during the pre-recession period. However, as multifamily developers build more for-sale housing units in the years ahead, the average size of multifamily homes is likely to rise. The recent pattern of change in the size of new multifamily units stands in contrast to the post-recession increase in the size… Read More ›

Decline for Single-Family Built-for-Rent Construction

The number of single-family homes built-for-rent fell slightly at the start of 2017, falling to 6,000 for the quarter. Over the last four quarters, total production of this type of housing was 33,000 homes. 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 on… Read More ›

Custom Home Building Market Growth Slows

NAHB’s analysis of Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicates a slowing of the growth rate for the custom home building market. Over the last four quarter period, ending with the first quarter of 2017, there were 168,000 total custom single-family home starts, an increase of almost 2% over the previous four quarters. Custom… Read More ›

Townhouse Construction Growth Slowed at Start of 2017

According to NAHB analysis of the most recent Census data of Starts and Completions by Purpose and Design, townhouse construction starts continued to grow on a year-over-year basis, although that growth rate has slowed recently. Over the four quarter period ending with the first quarter of 2017, townhouse starts totaled 98,000, a more than 4% gain over the prior year total…. Read More ›

New Single-Family Home Size Continues to Trend Down

After increasing and leveling off in recent years, new single-family home size continued along a general trend of decreasing size during the start of 2017. This change 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 expands, including growth for townhouses, typical… Read More ›

Multifamily Starts Decline, Single-Family Permits Soft in April

Total housing starts declined in April after strong early months in 2017. Total starts were down almost 3%, falling to a 1.172 million seasonally adjusted annual rate, according to the joint data release from the Census Bureau and HUD. This decrease was due to a multifamily production decline, although single-family permit activity was also softer than expected in April. Single-family starts were effectively flat, rising slightly to… Read More ›