Tag Archive for ‘starts’

Housing Finishes 2014 Up

Total housing stats for 2014 topped the one million mark for the first time since 2007. Census and HUD reported December housing starts and revised estimates for October and November that pushed total construction to 1,005,800 for 2014. December levels were up 4.4% from November at 1,089,000. The late year push was led by single-family construction up 7.2% in December… Read More ›

The Construction Immigrant Worker Flow

New NAHB research estimates the immigrant labor flow into the construction industry over the housing boom and bust years. The results show that more than 135,000 immigrant workers entered the US construction industry at the height of the housing boom in 2005. By 2011, the construction immigrant flow plummeted to a low of 23,000, highlighting the role of new immigrant… Read More ›

Solid Housing Starts Report for November

Data for housing construction activity in November indicated ongoing high levels of activity as builder confidence remains positive. According to the data from the Census Bureau and HUD, the pace of total November housing starts was down slightly (1.6%) from an upwardly revised October number. The October housing starts estimate was revised up from the initial reading of 1.009 million units (on a… Read More ›

Townhouse Market Growing

Total townhouse construction was up on a year-over-year basis during the third quarter of 2014. According to NAHB analysis of Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 20,000 for the quarter, 17% higher than a year prior. Over the last four quarters, townhouse construction starts totaled 70,000, up slightly from 69,000 from the four quarters prior… Read More ›

Single-Family Built-for-Rent Market Share Closer to Historical Levels

Single-family starts built-for-rent held steady at 6,000 starts for the third quarter of 2014. While the market share of built-for-rent single-family homes remains somewhat elevated, the share and count of starts are off post-recession highs and will approach historical norms as the housing market continues to recover. According to data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design and NAHB analysis,… Read More ›

Multifamily Built-for-Rent Share Remains High

An elevated market share for rental multifamily homes is holding typical new apartment size below levels seen during the housing boom. 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 general rise in the size… Read More ›

Housing Construction Continues Upward Trend

Single-family home construction increased 4.2% in October to top off at 696,000 on an annualized basis. This rate is the second highest since early 2008. Single-family permits also rose 1.4% to 640,000 and were also the highest since early 2008 except for November of last year. Overall starts were down 2.8% but remaining just over one million and driven down… Read More ›

Housing Construction Steady

The September housing construction report from Census Bureau and HUD rebounded from the unusually low August level and returned to the slow but steady path expected. Total starts rose just above 1 million for the third time in 2014 to an annual level of 1,017,000. Single-family starts increased slightly to 646,000 establishing a third quarter average of 646,000, a 3.4… Read More ›

Where are Sale and Contract Prices per Square Foot Highest?

Looking at single-family homes started in 2013, new NAHB research quantifies regional differences in sale and contract prices per square foot. The prices excluding lot values range from $145 per square foot for contractor-built homes in the Pacific division to $73 per square foot for speculatively-built homes in the West South Central division. The NAHB analysis is based on the… Read More ›