Looking at single-family homes started in 2016, the median prices per square foot, excluding improved lot values, range from $164 for contractor-built homes in the Pacific division to $81 for speculatively built homes in the East South Central division. At $164 per square foot, new contractor-built single-family homes in Pacific are the most expensive to build exceeding the national average… Read More ›
Tag Archive for ‘spec homes’
Lot Size is at a New Record Low
The median lot size of a new single-family detached home sold in 2016 stands at 8,562 square feet, or just under one-fifth of an acre. This is a new record low and a small decline since 2015, when the median lot size fell under 8,600 square feet for the first time since Census Bureau’s Survey of Construction (SOC) started tracking… Read More ›
Custom and Spec Home Market Shares in 2016
NAHB’s analysis of the most recent Census Bureau’s Survey of Construction (SOC) shows that custom home building registered declining market shares across most US regions in 2016. The sharpest drop in the custom home share of new single-family starts took place in the East South Central division, from 35% to 27%. The two exceptions are the Mountain and Pacific divisions… Read More ›
Lot Values at Record High
Single-family lot prices set a new record in 2015, with half of the lots priced at or above $45,000. According to NAHB’s analysis of the Census Bureau’s Survey of Construction (SOC) data, this is the highest median lot value on record and exceeds the previous record of $43,000 reached in 2006, in the midst of the housing boom when twice… Read More ›
Lots in 2015 are Smallest on Record
The median lot size of a new single-family detached home sold in 2015 dropped under 8,600 square feet for the first time since Census Bureau’s Survey of Construction (SOC) started tracking the series. An acre is 43,560 square feet, so the current median lot size is just under one-fifth of an acre. In 2014, Paul Emrath used a football field… Read More ›
Where Was the Custom Home Market Share Highest in 2014?
NAHB’s analysis of the most recent Census Bureau’s Survey of Construction (SOC) shows that in 2014 custom home building expanded across all regions of the Unites States, except the Mountain division where the custom home share of new single-family starts remained stable under 16 percent, the lowest share in the nation. The New England and East North Central divisions registered… Read More ›
Where are Nation’s Largest and Most Expensive Lots?
According to data from the Census Bureau’s Survey of Construction (SOC), single-family homes started in New England, where local zoning regulations often require very low densities, are built on some of the largest and most expensive lots in the nation. Looking at single-family spec homes started in 2013, the median lot size in New England exceeds half an acre. This… Read More ›
Where is the Custom Home Market Share Highest?
New NAHB research reveals significant regional differences in the share of custom homes started in 2013. The analysis finds that the Northeast and East North Central parts of the nation have the highest market shares. The new findings come from analysis of the 2013 Census Bureau’s Survey of Construction (SOC). The SOC differentiates between houses built for sale, houses built… Read More ›