Tag Archive for ‘spec homes’

Lot Size Remains Low in 2020

The median lot size of a new single-family detached home sold in 2020 stands at 8,306 square feet, or just under one-fifth of an acre. This is slightly larger but statistically not different from the lowest on record median of 8,177 square feet set a year ago. The share of smaller lots, under 0.16 acres, is now record high at… Read More ›

Where are the Largest Homes Built?

We previously reported a declining trend in new single-family home size that is likely to reverse during the post pandemic years. NAHB’s analysis of the 2019 Survey of Construction (SOC) data shows the pre-Covid19 trend of declining home size has been universal across the US regions. Nevertheless, regional differences in new home sizes exist with some of the largest single-family… Read More ›

Lot Size Hits New Record Low in 2019

For the first time since the Census Bureau started tracking lot sizes for new single-family detached homes, the median lot size for homes sold in 2019 dropped to 8,177 square feet, or 0.188 of an acre. This represents a solid drop of 390 square feet since 2018 and a new record low. The shrinking median lot size largely reflects the… Read More ›

Lot Values Hit Record Highs

According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, median single-family lot prices outpaced inflation once again (4.4% vs 2.4%) and reached new record high in 2018, with half of the lots selling at or above $49,500. The most dramatic rise in lot values is observed in the West South Central division where median lot values… Read More ›

Lot Size Remains Low in 2018

The median lot size of a new single-family detached home sold in 2018 stands at 8,567 square feet, or just under one-fifth of an acre. This is just 7 square feet larger but statistically not different from the 2017 median. In 2015, the median lot size fell under 8,600 square feet for the first time since Census Bureau’s Survey of… Read More ›

Sale and Contract Prices per Square Foot in 2017

Looking at single-family homes started in 2017, the median prices per square foot, excluding improved lot values, range from $155 for contractor-built homes in the Pacific division to $86 for speculatively built homes in the East South Central division. The median sale and contract prices per square foot are up across most divisions. The most significant gains are registered in… Read More ›

Lot Values Climb Higher

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 ›

Lot Size Remains Record Low

The median lot size of a new single-family detached home sold in 2017 stands at 8,560 square feet, or just under one-fifth of an acre. This is just 2 square feet smaller but statistically not different from the 2016 median. In 2015, the median lot size fell under 8,600 square feet for the first time since Census Bureau’s Survey of… Read More ›