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Characteristics of New Housing

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Highlights

Highlights of Annual 2018 Characteristics of New Housing



Of the 840,000 single-family homes completed in 2018:

  • 783,000 had air-conditioning.
  • 84,000 had two bedrooms or less and 376,000 had four bedrooms or more.
  • 31,000 had one and one-half bathrooms or less and 306,000 homes had three or more bathrooms.
  • 336,000 had a heat pump. Of these, 324,000 were air-source and 12,000 were ground-source.
  • 778,000 were framed in wood and 59,000 were framed using concrete.
  • 270,000 had a patio and a porch, while 69,000 had no outdoor features.

The median size of a completed single-family house was 2,386 square feet.


Of the 345,000 multifamily units completed in 2018:

  • 150,000 had one bedroom and 35,000 had three bedrooms or more.
  • 341,000 were conventional apartments and 3,000 were townhouses.
  • 216,000 were in buildings with four floors or more.
  • 302,000 had individual laundry facilities and 28,000 had shared laundry facilities.
  • 235,000 were in buildings framed in wood and 31,000 were in buildings framed in steel.

The median size of multifamily units built for rent was 1,081 square feet, while the median of those built for sale was 1,414 square feet.


Of the 12,000 multifamily buildings completed in 2018:

  • 3,000 had 4 floors or more.
  • 2,000 had 50 units or more.
  • 6,000 were heated by a heat pump.
  • 10,000 had wood framing.

Of the 617,000 single-family homes sold in 2018:

  • 548,000 were detached homes and 69,000 were attached homes.
  • 278,000 had three bedrooms.
  • 380,000 were heated using gas.
  • 461,000 were purchased using conventional financing and 39,000 were purchased using cash.
  • 172,000 had stucco as the primary exterior wall material.
  • 556,000 had wood framing.

The median sales price of new single-family homes sold in 2018 was $326,400, while the average sales price was $385,000.

The median size of a new single-family home sold in 2018 was 2,435 square feet.


119,000 contractor-built single-family homes were started in 2018.

The median contract price was $281,200.



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: July 01, 2019