Eye On Housing
New data released by the U.S. Census Bureau and the Department of Housing and Urban Development, combined with recent NAHB survey data, show a mismatch between the actual prices of new homes and the prices buyers expect to pay—providing further evidence for the growing problem of housing affordability. At the end of August, the Census Bureau released 2018 data from… Read More ›
Of the roughly 850,000 single-family homes started in 2017, 58.6 percent included 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). Among the outdoor features captured in the SOC, this makes patios considerably more common than decks (included on 23.8 of homes started in 2017),… Read More ›
A majority of new homes that completed construction in 2017 included two-car garages, according to NAHB analysis of 2017 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 the completed homes in all other divisions…. Read More ›
Of the roughly 850,000 single-family homes started in 2017, 23.8 percent included decks, 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 little changed from the 23.7 percent recorded a year earlier. From 2005 to 2008, the share of new homes with decks was… Read More ›
Of the roughly 850,000 single-family homes started in 2017, 64.7 percent were built with porches, according to NAHB tabulation of data from the Survey of Construction (SOC). The SOC is conducted on an ongoing, monthly basis by the U.S. Census Bureau, partially supported with funding from the Department of Housing and Urban Development. Among other things, the SOC data show that, over the… Read More ›
The average length of time to complete construction of a multifamily building, after obtaining authorization, was 15.7 months according to the 2017 Survey of Construction (SOC) from the Census Bureau. The authorization-to-completion time has been on an upward trend since 2013, increasing by approximately one month each year. The average time to build multifamily homes varies with the number of… Read More ›
The 2017 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 7.5 months, which usually includes almost a month from authorization to start and another 6.5 months to finish the construction. The average completion time in 2017 was the same as it was in 2016, but it was longer… Read More ›
Of the 729,000 single-family detached homes started in 2017, a little over 18,000 (2.5 percent) had three or more stories, according to NAHB tabulation of recently released Census data. The data come from the Survey of Construction (SOC, conducted by the U.S. Census Bureau with partial funding from HUD). Although the SOC has always collected data on 3-story single-family homes, the Census Bureau began publishing information on them only recently. Traditionally, the… Read More ›
Of the roughly 780,000 single-family homes started in 2016, 23.7 percent came with decks, 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 up slightly from 23.3 percent of single-family homes started in 2015. From a slightly longer historic perspective, the share of new homes… Read More ›
Of the roughly 780,000 single-family homes started in 2016, 65.1 percent included porches, according to NAHB tabulation of data from the Survey of Construction (SOC). The SOC is conducted on an ongoing basis by the U.S. Census Bureau with partial funding from the Department of Housing and Urban Development. Among other things, the SOC shows that, over the period when single-family starts were… Read More ›