Tag Archive for ‘multifamily’

Top 2011 Posts: The Rental Housing Stock

With the end of 2011 approaching, we here at NAHB’s Eye on Housing thought we would take a look at the updates that attracted the most readers over the last year. In July we examined the composition of the rental housing stock in the United States. The NAHB analysis of 2009 Census data found that one-third of rental housing consisted of… Read More ›

Declining Multifamily Vacancy Rates Point to Future Growth

Data from the Survey of Market Absorption (SOMA), produced by the Census Bureau and the Department of Housing and Urban Development, reveal limited weakness in the multifamily sector for the first half of 2011. However, declining multifamily vacancy rates are a hopeful sign for future multifamily market expansion, which is consistent with improving responses reported in NAHB multifamily surveys. The SOMA tracks completions and… Read More ›

Residential Construction Spending Rises in October

Spending on private residential construction projects jumped 3.4% during October. The initial estimate for September was also revised higher, shifting from a gain of 0.2% up to 0.6%. Even with these recent improvements, total private residential construction spending has failed to gain any considerable forward momentum in the past year, with modest growth of only 1.7% rate versus October 2010…. Read More ›

Fed Beige Book: More Slow Growth

Aside from weaker results from the St. Louis District, economic activity increased at a “slow to moderate pace” across the nation according to the latest release of the Federal Reserve’s Beige Book. The majority of Fed Districts reported modest gains in consumer spending, both auto and non-auto sales, and most had positive expectations for holiday sales. Tourism activity appeared to… Read More ›

Homeownership Rate Rises during Third Quarter of 2011

The US Census Bureau reported the seasonally adjusted homeownership rate registered a slight gain during the third quarter of 2011, increasing to 66.1 percent. Although this marks the first outright quarter-to-quarter increase since mid-2008, the homeownership rate is still at its lowest level since the second quarter of 1998 and 3.3 percentage points below the peak reading set back in… Read More ›

Construction Spending Ticks Higher in September

Private residential construction spending increased 0.2% during September. Construction activity has failed to expand consistently in the past year—six month-to-month increases offset by five monthly declines. Overall, private residential construction spending inched up a meager 0.1% compared to September 2010. The new single-family home category posted its fourth consecutive month-to-month gain during September, rising 0.5%. However, homebuilding activity can, at… Read More ›

Census Data Reveal Geography of Rent Burdened Families

New NAHB analysis of data from the Census Bureau’s 2010 American Community Survey (ACS) reveals the state-by-state distribution of rent-burdened households. According to U.S. Department of Housing and Urban Development definitions, a renting household or family is considered “rent-burdened” if they pay more than 30 percent of their household income in gross rent (“severely rent-burdened” if they pay more than 50%). Nationwide… Read More ›

Construction Spending Rises across the Board in August

Private residential construction spending increased 0.7% on a month-to-month basis in August. However, total spending activity in the residential construction sector has been flat to date in 2011, with four month-to-month increases matched by four decreases. On a year-over-year basis, private residential construction spending increased is up 3.9%, the fourth consecutive gain and the largest percentage increase since June 2010…. Read More ›

The Rental Housing Stock

Given the increasing focus with respect to growing demand for rental properties, we thought we would present the breakdown of the rental housing stock by structure type. Using the 2009 American Housing Survey, the data show that 30% of all housing units in the United States are renter-occupied or vacant for-rent.   A surprisingly large share of this rental housing stock consists of single-family detached homes: 27%. When adding townhouses… Read More ›