Tag Archive for ‘survey of construction’

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 ›

Time to Build a Single-Family Home in 2015

The 2015 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7 months, which usually includes almost a month from authorization to start and another 6 months to finish the construction. The timeline from authorization to completion, however, is not consistent across the nation, depending on the housing category,… Read More ›

Lots in 2015 are Smallest on Record

The median lot size of a new single-family detached home sold in 2015 dropped under 8,600 square feet for the first time since Census Bureau’s Survey of Construction (SOC) started tracking the series. An acre is 43,560 square feet, so the current median lot size is just under one-fifth of an acre. In 2014, Paul Emrath used a football field… Read More ›

Two-Car Garage Most Common in New Homes

A majority of new homes that started construction in 2014 included two-car garages, according to NAHB analysis of Census Survey of Construction data. For single-family constructions starts in 2014, 61.9% of homes included a two-car garage. Another 23.5% of homes possessed a garage large enough to hold three of more cars. Approximately 10% of homes were classified in the “other” category, which… Read More ›