Tag Archive for ‘survey of construction’

2016 Multifamily Completions by Building Size

The Census Bureau recently released 2016 multifamily completions data from the Survey of Construction. A total of 159,000 housing units, or 49 percent of all multifamily completions, were in buildings with 50 or more units, more than any other building type (Figure 1). Multifamily completions in large buildings (50 or more units) grew significantly after the Great Recession, but growth… Read More ›

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 ›

New Single-Family Home Foundation Types in 2015

NAHB analysis of the Survey of Construction (SOC) shows that 57% of all new single-family homes started in 2015 were built on slab foundations, 27% had a full/partial basement, and 14% had a crawl space. The remaining 2% included raised supports, earthen, and other foundation types. The share of new single-family homes built on slabs steadily increased from 46% in… Read More ›

Time to Build an Apartment Building in 2015

The average length of time to complete construction of a multifamily building, after obtaining authorization, was 14 months according to the 2015 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time increased by approximately one month from 2014 to 2015, as per unit median square footage and share of multifamily for sale rose.   The average time to… Read More ›