National Association of Home Builders’ Post

Data from the census bureau shows that new housing completions were up 15.5% year on year in June, but a 4% year-on-year decline in starts suggest that some builders are putting construction on hold. (FT)

Data from the census bureau shows that new housing completions were up 15.5% year on year in June, but a 4% year-on-year decline in starts suggest that some builders are putting construction on hold. (FT)

Data from the census bureau shows that new housing completions were up 15.5% year on year in June, but a 4% year-on-year decline in starts suggest that some builders are putting construction on hold. (FT)

Looking again at the Census 2022 results, two things jump out: 1. There is a remarkable rise in the percentage of households living in formal dwellings, from 77.6% in 2011 to 88.5% in 2022, continuing a steady increase since 1996. But, in terms of basic services, only 82.4% of hhs have water inside the dwelling or inside the yard. And with toilets, 70.8% have a flush toilet and 12.5% have pit toilet with ventilation. This says to me that our challenge now is that many formal dwellings aren't actually adequate housing because of lack of services. Its improvements to these formal dwellings that is needed (internal toilets and water) to make them count as adequate. 2. Then on tenure: the share of households whose dwelling is 'owned but not yet paid' off has dropped by nearly half. This 6.6% figure suggests fewer people with bonded houses--but not because they paid off their bond (the percent of 'owned and paid off' stays basically unchanged). Are these households deciding instead to rent? Why?...Does the increase in 'occupied rent-free' reflect a rise in occupied buildings in the inner city perhaps? Any thoughts and ideas on what is happening here?

According to an analysis of data published at the beginning of the month by the U.S. Census Bureau, national nonresidential construction spending decreased 0.4% in January, bringing an end to a 19-month streak of increases. #Read more at https://lnkd.in/ejEQvvmC #PaintSquare #DailyNews #IndustryNews #TPC #TPCMedia #ABC #AGC #Spending #NonresidentialConstruction #Construction #Economy #Market #BusinessConditions

According to an analysis of data published by the U.S. Census Bureau, national nonresidential construction spending increased 0.2% in March, totaling $1.19 trillion on a seasonally adjusted annualized basis. #Read more at https://lnkd.in/djNu64Ne #PaintSquare #DailyNews #IndustryNews #TPC #TPCMedia #ABC #AGC #Spending #NonresidentialConstruction #Construction #Economy #Market #BusinessConditions

Sales of new single‐family houses in May 2024 were at a seasonally adjusted annual rate of 619,000, according to estimates released jointly today by the U.S. Census Bureau and the Department of Housing and Urban Development. This is 11.3 percent below the revised April rate of 698,000 and is 16.5 percent below the May 2023 estimate of 741,000. https://lnkd.in/gwiaR3Y8

🚨 Check this Out 🚨 Enterprise Community Partners has just shared new analysis highlighting the severity of the affordable housing crisis. The findings are clear: we are at an all hands on deck moment. It’s crucial that we continue to approach this challenge with innovation and collaboration. Together, we can make a difference and ensure everyone has access to safe, affordable housing. Check out the post below and join the conversation on how we can tackle this crisis head-on. 🏠💡🤝 #AffordableHousing #Innovation #Collaboration #Community #EnterpriseCommunityPartners #EnterpriseAdvisors

Rising Trends in Number of Bathrooms in Single-Family Homes A majority of single-family homes started in 2023 continued to have two full bathrooms. According to the latest release of the Census Bureau’s Survey of Construction, 64.7% of new single-family homes had two full bathrooms, 23.8% had three full bathrooms, 6.9% had four or more full bathrooms, and only 4.6% had one full bathroom or less. The share of single-family homes with two bathrooms increased from 62.3% to 64.7% — the largest increase since 2018. This reverses a two-year trend of consecutive decreases. The share of single-family starts with three full bathrooms fell for the second straight year, down to 23.8%, and the share of single-family homes started with 4 or more bathrooms share decreased to 6.9%, after increasing the prior two years. Meanwhile, the share of single-family starts with one full bathroom or less rose to 4.6% — the third straight increase. Geographically, the New England census division had the highest share of new single-family starts with two full bathrooms at 75.6%. This share jumped by 22.2 percentage points from 2022, and this was the first time since 2017 that the New England share was the largest in the nation. The lowest share census division was the Middle Atlantic, with 50.0% of new single-family starts reporting two full bathrooms. The share of new single-family started with two full bathrooms fell 9.2 percentage points from 2022 in the Middle Atlantic.

The NAHB findings draw from the 2023 Survey of Construction (SOC) from the U.S. Census Bureau, which also notes that buildings of more than 20 units took a longer (22 months) time on average to complete: #multfamily #cre #construction #realestate