Tag Archive for ‘survey of construction’

Lot Values Down in 2019

According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, median single-family lot prices came down in 2019, breaking their relentless climb for the first time since 2013. The 2019 median lot price was $45,000, which amounts to a 9% decline since 2018, when half of the lots were selling at or above $49,500. The West divisions… Read More ›

Over 90% of East South Central New Homes Have Porches

Of the single-family homes started in 2019, 64.7 percent came with porches, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial funding from the Department of Housing and Urban Development). Historically, the SOC shows the share of single-family homes with porches increasing regularly to a high of 65.7 percent in 2011 before dropping to under… Read More ›

Apartment Construction Took Longer in 2019

The average length of time to complete construction of a multifamily building, after obtaining authorization, is 17.3 months, according to the 2019 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time has been on an upward trend since 2013, as regulatory challenges expanded and the skilled labor shortage challenged the industry. The average time to build multifamily homes… Read More ›

Age-Restricted Homes Slightly Smaller, Pricier than Others Started in 2018

Of the roughly 875,000 single-family and 375,0000 multifamily homes started in 2018, 29,000 and 31,000, respectively, were age-restricted according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD).  A housing development can legally restrict the ages of its residents, provided it conforms to one of the set… Read More ›

New Homes Started With 4 or More Bedrooms Trends Lower

The U.S. Census Bureau’s Survey of Construction’s (SOC) estimate of the number of bedrooms in new single-family homes has shown a declining trend for homes with 4 bedrooms or more since 2015. The most recent SOC data show the number of bedrooms of new homes whose construction began in 2018 (new homes started). Nationally, the number of single-family homes started… Read More ›

Number of Bathrooms in New Homes

The Census Bureau’s latest Survey of Construction (SOC) shows changes in the number and shares of bathrooms and half-bathrooms of single-family homes started in the United States in 2018. The latest year’s data show that 3% of new single-family homes started had one bathroom or less, 64% had 2 bathrooms, 26% had 3 bathrooms, and 8% had 4 bathrooms or… Read More ›

Share of New Homes with Patios Edges Up Again

Of the roughly 876,000 single-family homes started in 2018, 59.4 percent came with patios, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD).  This is the highest the number has been since NAHB began tracking the series in 2005.  The incidence of patios on new homes… Read More ›

Garages in New Homes: 2018 Data

A majority of new homes that completed construction in 2018 included two-car garages (64%), according to NAHB analysis of 2018 Census Bureau Survey of Construction data. There is clear uniformity for parking options in new homes completed across the Census divisions. Except for West North Central division, the 2-car garage was the largest share of completed homes in all other divisions…. Read More ›

Basements Continue to Fall Out of Favor

NAHB analysis of the Survey of Construction (SOC) shows that 60.1% of all new single-family started in 2018 were built on slab foundations, followed by 24.3% with a full/partial basement, and 14.3% with a crawl space. The gap between slab and full/partial basement foundation adoption rates is growing: the share of new homes built on slabs steadily increased from 46.0%… Read More ›

New Homes Built with Private Wells and Individual Septic Systems in 2018

NAHB Economics analysis of the Survey of Construction (SOC) data shows that about 9% of new single-family homes started in 2018 were served by individual wells and almost 16% have private septic systems. These shares, however, vary widely across the nine Census divisions with the corresponding shares reaching 31% and 37% in New England – the highest occurrence rates in… Read More ›