Eye On Housing
Author Archives
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Percent Share of 5,000+ Square Foot Homes Rises in 2021
According to the annual data from the Census Bureau’s Survey of Construction (SOC), the share of new homes started with 5,000 square feet or more of living space stood at 2.90 percent in 2021, up from 2.50 percent in 2020. A total of 33,000 5,000+ square-foot homes were started in 2021, compared to 25,000 in 2020. The increase in number and share… Read More ›
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Stucco and Vinyl were the Most Common Siding Materials on New Homes in 2021
According to the annual data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal siding material on new single-family homes started in 2021 (28 percent), followed by vinyl siding (24 percent), fiber cement siding (such as Hardiplank or Hardiboard (23 percent) and, brick or brick veneer (19 percent). Far smaller shares of single-family homes started last year… Read More ›
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Building Materials Remain Top Challenge for Builders
Much like last year, the price and availability of building materials topped the list of problems builders face. According to special questions on the December 2021 survey for the NAHB/Wells Fargo Housing Market Index, building material prices were a significant issue for 96% of builders in 2021, and 91% of the builders expect it to continue being a problem in… Read More ›
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Custom Home Building Share Declines
According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share decreased to 17.8 percent of all single-family homes started in 2020—the lowest the annual custom home share has been since the 2005 re-design of the SOC. The custom home market consists of contractor-built and owner-built houses—homes built one at a time for owner occupancy on… Read More ›
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Two-Thirds of Homes Started in 2020 are in Community Associations
According to data from the Census Bureau’s Survey of Construction (SOC), 67.1 percent of single-family homes started in 2020 were built within a community or homeowner’s association. This is a record high for the association percentage since the re-design of the SOC in 2009. The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common… Read More ›
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Percent Share of 5,000+ Square Foot Homes Down in 2020
According to the Census Bureau’s Survey of Construction, the share of new homes started with 5,000 square feet or more of living space stood at 2.50 percent in 2020, down from 2.71 percent in 2019. A total of 25,000 5,000+ square-foot homes were started in 2020, compared to 24,000 in 2019. The declining number and share of 5,000+ square foot… Read More ›
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Most Common Exteriors On New Homes are Stucco and Vinyl in 2020
According to the data from the Census Bureau’s Survey of Construction (SOC), stucco was the most common principal exterior material on new single-family homes started in 2020 (28 percent), followed by Vinyl siding (26 percent), fiber cement siding (such as Hardiplank or Hardiboard (21 percent), brick or brick veneer (19 percent). Far smaller shares of single-family homes started last year had wood… Read More ›
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Top Challenges for Builders: Building Materials Prices in 2020 & 2021
Building materials prices topped the list of problems builders faced in 2020 and is expected to return to the number one spot in 2021, according to special questions on the December 2020 survey for the NAHB/Wells Fargo Housing Market Index. The survey results showed that building materials was a significant issue for 96% of builders last year. In 2021, however,… Read More ›
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Custom Home Building Annual Share
According to data from the Census Bureau’s Survey of Construction (SOC), the custom home share increased to 20.2 percent of all single-family homes started in 2019. Contractor-built or owner-built houses – that together make up the custom home market – are built one at a time for owner occupancy on owner’s land with either the owner or a builder acting… Read More ›
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Community Associations in New Homes Started
According to data from the Census Bureau’s Survey of Construction (SOC), 62.0 percent of all homes started in 2019 were built within a community or homeowner’s association. A total of 545,000 homes with community associations were started in 2019, compared to 543,000 in 2018. The Census Bureau defines community or homeowner’s associations as “formal legal entities created to maintain common… Read More ›