Tag Archive for ‘starts’

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 ›

Multifamily Built for Rent Share Rises Again

The share of multifamily units built for rent rose again during the second quarter. This increasing market share for rental multifamily homes is holding typical new unit 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. According to second quarter 2014 data from… Read More ›

Townhouse Market Flat

Total townhouse construction was effectively unchanged on a year-over-year basis during the second quarter of 2014. According to NAHB analysis of Census data of Starts and Completions by Purpose and Design, single-family attached starts totaled 19,000 for the quarter, the same level a year from a year prior. Over the last four quarters, townhouse construction starts totaled 67,000, down from the 73,000… Read More ›

Single-Family Built for Rent Market Holding Steady

Single-family starts built-for-rent increased somewhat to 6,000 starts for the second quarter of 2014. While the market share of built-for-rent single-family units remains somewhat elevated, the share and count of starts appear to be remaining off post-Great Recession highs. 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… Read More ›

Growth of New Single-Family Home Size Cools

The average size of newly built single-family homes was effectively unchanged during the second quarter of 2014. However, current levels reflect recent increases in typical new home size due to an atypical mix of new home buyers. According to second quarter 2014 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, average single-family square floor area decreased from 2,727 to 2,653 square feet,… Read More ›

Housing Construction Rebounds

After a dismal June report, housing starts rebounded to an annual rate of 1.093 million for a 15.7% increase over the upwardly revised June level. The substantial June dip caused by a fall in single-family construction in the South was wiped out as single-family construction rose 8.3% for the US with increases in three of the four regions. Midwest single-family… Read More ›

Housing Construction Pauses

According to the Census Bureau and HUD, housing starts activity dipped 9.3% in June to an 893,000 seasonally adjusted annual rate. The drop was concentrated in the South region where single-family starts fell 70,000, accounting for more than the total national drop of 57,000. Multifamily starts also fell 88,000 units in the South accounting for more than the 35,000 total… Read More ›

Mixed Signals from Housing

Census and HUD reported a decline in May housing starts and permits, but the headline numbers do not tell the whole story. First, the driver in the declines in both starts and permits was multifamily apartment construction, which was down to 376,000 starts (-7.6%) and to 372,000 permits (-19.5%). But the three-month moving average for multifamily starts is still the… Read More ›