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A lease-purchase, rent-purchase, or other option to eventually buy the house may exist. This also would include retirement community units, occupied under a "life-lease"/"continuing-care" arrangement (occupants pay an up front fee or small monthly fees for lifelong use.)
Also included are the following:
Thus, for a particular sample, one can say with specified confidence that the average of all possible samples is included in the constructed interval.
Conventional financing is a mortgage loan not guaranteed by any government agency, such as the Veteran's Administration (VA), the Federal Housing Administration (FHA), or the Rural Housing Service (RHS).
The FHA and VA type of financing data presented in these statistics tend to differ from those published directly by those agencies. For the actual number of FHA-insured and VA-guaranteed loans made for new houses at the time of final settlement, refer to the publications of the respective agencies. The data differ because of the difference in time periods between the signing of the original sales contract, the start of construction, and the insurance or guarantee of the mortgage, as well as the sampling variability.
Early in 1995, the Farmers Home Administration was reorganized. As part of this reorganization the RHS now handles the mortgage functions of the former Farmers Home Administration. Collection of RHS data has been discontinued and was last published in our 2007 statistics.
In concept, measurement is based on exterior dimensions. Measurements are taken to the outside of exterior walls for detached houses. Builders sometimes provide the gross square footage (based on exterior dimensions) of a detached structure. This footage usually does not contain unfinished space. However, in townhouses, the gross square footage often includes the whole lower level, even though that area might include a garage and unfinished rooms. For purposes of these statistics, where the floor area for a new house was reported based on interior dimensions, the figure is converted to exterior dimensions by multiplying by a standard conversion factor of 1.08. A standard conversion factor of 1.04 is used to convert figures to exterior dimensions where it was not known whether the reported area was based on exterior or interior dimensions.
Associated living space is defined as hallways, elevator space, lobbies, and any other indoor space used by the residents.
Square footage for mixed-use multifamily buildings is defined as the square footage of the residential portion of the structure only.
In accordance with this definition, each apartment unit in an apartment building is counted as one housing unit. Housing units, as distinguished from "HUD-code" manufactured (mobile) homes, include conventional "site-built" units, prefabricated, panelized, sectional, and modular units.
Housing unit statistics also exclude group quarters (such as dormitories and rooming houses), transient accommodations (such as transient hotels, motels, and tourist courts), moved or relocated buildings, and housing units created in an existing residential or nonresidential structure.
Units in assisted living facilities are considered to be housing units, however, units in nursing homes are not considered to be housing units.
Detailed information on seasonal adjustment can be found at: http://www.census.gov/srd/www/x12a/
Units in structures built by private developers with partial public subsidies or which are for sale upon completion to local public housing authorities under the HUD "Turnkey" program are all classified as private housing.
|New Hampshire||Kansas||District of Columbia||Colorado|
|Vermont||North Dakota||Maryland||New Mexico|
|South Dakota||North Carolina||Utah|
A map of the regions can be found at: http://www.census.gov/geo/www/us_regdiv.pdf.
For time-share houses, the structure is considered sold when a deposit is taken or an agreement is signed for the first share of time.
Once a sale date is reported, the sale date is not requested again, so any canceled sales will not change this reported initial sale date.
Most of the seasonally adjusted series are shown as seasonally adjusted annual rates (SAAR). The seasonally adjusted annual rate is the seasonally adjusted monthly value multiplied by 12. The benefit of the annual rate is that not only can one monthly estimate be compared with another; monthly data can also be compared with an annual total. The seasonally adjusted annual rate is neither a forecast nor a projection; rather it is a description of the rate of building permits, housing starts, housing completions, or new home sales in the particular month for which they are calculated.
Data labeled "Not Seasonally Adjusted" refers to the fact that the data are not adjusted for seasonality using seasonal adjustment and not shown at an annual rate.
Detailed information on seasonal adjustment can be found at: http://www.census.gov/srd/www/x12a/
Units built one on top of another and those built side-by-side that do not have a ground-to-roof wall and/or have common facilities (i.e., attic, basement, heating plant, plumbing, etc.) are not included in the single-family statistics.
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