Characteristics of New Housing

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Highlights of Annual 2014 Characteristics of New Housing

Of the 620,000 single-family homes completed in 2014:

  • 565,000 had air-conditioning.
  • 64,000 had two bedrooms or less and 282,000 had four bedrooms or more.
  • 25,000 had one and one-half bathrooms or less, whereas 221,000 homes had three or more bathrooms.
  • 184,000 had vinyl siding as the principal exterior wall material.
  • 263,000 were one-story homes.
  • 522,000 had a public sewer system and 95,000 had an individual septic system.

The median size of a completed single-family house was 2,453 square feet.

Of the 264,000 multifamily units completed in 2014:

  • 23,000 were age-restricted.
  • 127,000 were in buildings with 50 units or more.
  • 123,000 had two or more bathrooms.
  • 14,000 were efficiencies.

The median size of multifamily units built for rent was 1,080 square feet, while the median of those built for sale was 1,432 square feet.

Of the 11,000 multifamily buildings completed in 2014:

  • 4,000 had one or two floors.
  • 9,000 were constructed using wood framing.
  • 7,000 used electricity as the primary heating fuel.

Of the 437,000 single-family homes sold in 2014:

  • 17,000 were in an age-restricted development.
  • 314,000 were in a homeowners’ association.
  • 169,000 had one story, 244,000 had two stories, and 25,000 had three stories or more.
  • 311,000 were paid for using conventional financing and 37,000 were paid for in cash.
  • 137,000 had both a patio and a porch.

The average sales price of new single-family homes sold was $345,800.

The average price per square foot for new single-family homes sold was $97.09.

The median size of a new single-family home sold was 2,506 square feet.

110,000 contractor-built single-family homes were started in 2014.

The median contract price was $231,600.

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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Source: U.S. Census Bureau | Characteristics of New Housing | (301) 763-5160 |  Last Revised: June 01, 2015