Tag Archive for ‘starts’

Size of Typical New Single-Family Home Rises at the Start of 2014

The average size of newly built single-family homes increased during the first quarter of 2014, with much of the recent trend in increasing size likely due to an atypical mix of buyers. According to first quarter 2014 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, average single-family square floor area increased from 2,656 to 2,736 square feet, while… Read More ›

Starts and Permits over One Million

Housing starts exceeded one million for first time since last year and housing permits were over one million for a third consecutive month. The increases were almost entirely in multifamily rental construction. Multifamily construction soared 40% to 423,000 starts, the highest since January 2006 and permits also rose 20% to 478,000, the highest in almost six years. Multifamily starts were… Read More ›

Housing Starts Reverse Winter Slump

Census and HUD reported March housing starts were up 2.8% from an upwardly revised February. Single-family starts accounted for all of the increase, rising 6% to 635,000 on a seasonally-adjusted annual basis. The increase was particularly strong in the hardest hit northern US of the Northeast and Midwest regions where single-family starts increased 39% and 29% respectively. Housing permits dropped… Read More ›

Housing Construction Holds Steady

The unusual weather that kept builders out of the field continued into February and kept starts below their expected levels. February housing starts were virtually unchanged from slightly upward revised January figures for both total starts as well as single-family and multifamily. Total housing starts were 907,000 on a seasonally-adjusted annual basis, nearly identical to 909,000 in January, which was… Read More ›

Housing Starts Drop in January

The pace of new home construction declined sharply in January, mirroring the drop in the February NAHB / Wells Fargo Housing Market Index (HMI). Regional data and builder surveys suggest weather played a large role. Following the ten point drop in the HMI to a level of 46, total housing starts declined 16% to a seasonally adjusted annualized rate of… Read More ›

Single-Family Built-for-Rent Market Continues Decline

Single-family starts built-for-rent were down sharply on a year-over-year basis, falling to only 6,000 starts for the third quarter of 2013 compared to 11,000 a year prior, the highest quarterly tally since 2003. While the market share of built-for-rent single-family units remains elevated, the share appears to be declining off post-Great Recession highs. According to data from the Census Bureau’s Quarterly Starts and… Read More ›

Townhouse Market Share Drops

Total townhouse construction declined slightly on a year-over-year basis during the third quarter of 2013, per Census data of Starts and Completions by Purpose and Design. Single-family attached starts totaled 17,000 for the quarter, compared to 21,000 during the third quarter of 2012. Over the period spanning the fourth quarter of 2012 through the end of the third quarter of 2013, 69,000 townhouses began construction. Using a… Read More ›

Owner/Contractor Built Housing Market Share Flat

The market share of homes built on an owner’s land, with either the owner or a builder acting as the general contractor, was effectively flat on a quarter-over-quarter basis. Census Data from the Quarterly Starts and Completions by Purpose and Design survey indicate that the number of starts of this type of custom home building rose slightly by count from the third quarter of… Read More ›

Top Posts of 2013: Regional Lot Size Differences

With the end of 2013 approaching, NAHB’s Eye on Housing would like to take a look at the updates that attracted the most readers over the last year.  In October, we examined the regional differences in lot sizes for new single-family homes. —————————– According to data from the Census Bureau’s Survey of Construction (SOC), the median size of lots on single-family homes… Read More ›

Home Building Passes One Million Mark

November housing starts and permits reported by Census and HUD were over the one million mark in November. Except for a brief breech of that mark in early spring, home construction has not been over one million since 2008. Single-family starts rose to 727,000, a 20.8% increase over October and the highest since December 2007. Multifamily starts rose to 364,000,… Read More ›