Tag Archive for ‘survey of construction’

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 ›

Where Was the Custom Home Market Share Highest in 2014?

NAHB’s analysis of the most recent Census Bureau’s Survey of Construction (SOC) shows that in 2014 custom home building expanded across all regions of the Unites States, except the Mountain division where the custom home share of new single-family starts remained stable under 16 percent, the lowest share in the nation. The New England and East North Central divisions registered… Read More ›

Regional Differences in New Home Financing

According to NAHB analysis of the 2013 Census Bureau Survey of Construction (SOC) data, use of non-conventional financing methods to purchase new homes varies widely across the country. The West South Central divison is most heavily reliant on mortages insured by the Federal Housing Administration (FHA) with the share of FHA-insured loans reaching almost 20 percent. At the same time,… Read More ›

Where is the Custom Home Market Share Highest?

New NAHB research reveals significant regional differences in the share of custom homes started in 2013. The analysis finds that the Northeast and East North Central parts of the nation have the highest market shares. The new findings come from analysis of the 2013 Census Bureau’s Survey of Construction (SOC). The SOC differentiates between houses built for sale, houses built… 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 ›

How Long Does It Take to Build a House?

The 2012 Survey of Construction (SOC) from the Census Bureau shows that on average it takes about 7 months from obtaining a building permit to completing a new single-family home. Looking at the houses completed in 2012, houses built for sale, on average, register the shortest time from permits to completion – between 5 and 6 months. Houses built on… Read More ›