Tuesday, June 17, 2014

U.S. Census Bureau: Characteristics of New Homes


                                   New Homes 

Great Report!!!  Were you wondering what was happening in new homes?

Here is a U.S. Census Bureau recap of the key factors in new homes.   A really great read if you are thinking about buying or selling a home.

It shares what the buyers are looking for in the "structural aspects" of the home.

Highlights

Highlights of Annual 2013 Characteristics of New Housing



Of the 569,000 single-family homes completed in 2013:
  • 518,000 had air-conditioning.
  • 59,000 had two or fewer bedrooms and 251,000 had four bedrooms or more.
  • 27,000 had one and one-half bathrooms or less, whereas 188,000 homes had three or more bathrooms.
  • 166,000 had a full or partial basement, while 91,000 had a crawl space, and 312,000 had a slab or other type of foundation.
  • 305,000 had two or more stories.
  • 333,000 had a forced-air furnace and 216,000 had a heat pump as the primary heating system.
  • 347,000 had a heating system powered by gas and 214,000 had a heating system powered by electricity.
The average single-family house completed was 2,598 square feet.

Of the 307,000 multifamily units started in 2013, 23,000 were age-restricted.

Of the 195,000 multifamily units completed in 2013:
  • 14,000 were age-restricted.
  • 129,000 were heated with electricity and 64,000 were heated with gas.
  • 91,000 had two or more bathrooms.
  • 79,000 had one bedroom and 27,000 had three or more bedrooms.
The average square footage of multifamily units built for rent was 1,082.

Of the 10,000 multifamily buildings completed in 2013:
  • 5,000 had one or two floors.
  • 6,000 used electricity as the primary heating fuel.

Of the 429,000 single-family homes sold in 2013:
  • 120,000 used vinyl siding as the principle type of exterior wall material, while only 12,000 used wood.
  • 300,000 had 2-car garages, whereas 98,000 had garages for three cars or more.
  • 207,000 had one fireplace and 20,000 had two or more fireplaces.
The average sales price of new single-family homes sold was $324,500, compared with the average price of $292,200 in 2012.
The average price per square foot for new single-family homes sold was $93.70.
The average new single-family home sold was built on a lot of 15,456 square feet.

91,000 contractor-built single-family homes were started in 2013.
The average contract price was $298,000.


Note: the estimates shown here are based on sample surveys and are subject to sampling variability as well as nonsampling error.
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