According to the U.S. Census Bureau’s recently published Survey of Construction, the median size of a completed single-family home was 2,422 square feet in 2016, down from the 2015 average of 2,689 square feet. That could have implications for the new-construction side of the door and window industry.
ATTOM Data Solutions released its Q3 2017 Pre – Mover Housing Index, which shows that the markets with the highest pre – mover indices during the third quarter – predictive of strong sales activity in the fourth quarter – were Colorado Springs, Colorado; Manchester – Nashua, New Hampshire; Chicago, Illinois; Washing, D.C.; and Nashville, Tennessee.
NAHB analysis of Census Construction Spending data shows that total private residential construction spending grew .04% in October to a seasonally adjusted reat of $517.70 billion. It was a modest gain after a 0.2% dip in September. The total residential construction spending was 7.4% higher than a year ago.
North America is poised to post the fastest gains in new housing construction of any global region through 2021, according to the new study from the Freedonia Group, a Cleveland-based industry research firm.
It’s no surprise to most U.S. builders: Construction costs associated with labor rose again in November.