Eye On Housing
According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, single-family lot prices reached new record high in 2017, with half of the lots priced at or above $47,400. While this constitutes a new nominal record, lot values adjusted for inflation have not reached the housing boom peaks. In the midst of the housing boom – when… Read More ›
NAHB Economics analysis of the Survey of Construction (SOC) data shows that less than 9% of new single-family homes started in 2016 are served by individual wells and close to 16% have private septic systems. These shares, however, vary widely across the nine Census divisions with the corresponding shares reaching 37% and 43% in New England – the highest occurrence… Read More ›
Earlier this month we published two blogs highlighting record-small sizes and record-high prices of new single-family lots. Extending this analysis and incorporating data on new home sale prices shows that, on average, lot values accounted for less than 17% of sale prices of new single-family homes started in 2016, the lowest share since at least 1999. Regionally, the share of… Read More ›