INDIANAPOLIS (September 16, 2024) – The U.S. Census Bureau recently released its statewide report on building permits for July 2024. According to the data, 1,687 single-family housing permits were issued, representing a 16% increase from the 1,453 permits pulled in July 2023. Although the July 2024 figure shows a notable year-over-year improvement, permits are down by 12% compared to the previous month. In June 2024, 1,921 single-family permits were issued. Despite the month-to-month decline, the overall trend for 2024 remains…

The average length of time to complete construction of a multifamily building after obtaining authorization was 19.9 months in 2023, according to the 2023 Survey of Construction (SOC) from the Census Bureau. The permit-to-completion time inched up 0.1 months in 2023, after an increase of 2.3 months in 2022, as the ongoing skilled labor shortage…

Over the first seven months of 2024, the total number of single-family permits issued year-to-date (YTD) nationwide reached 599,308. On a year-over-year (YoY) basis, this is an increase of 13.7% over the July 2023 level of 527,158. Year-to-date ending in July, single-family permits were up in all four regions. The range of permit increases spanned…

Shares of new single-family homes built with private wells and individual septic systems decreased in 2023, compared with the previous year. NAHB tabulation of data from the Survey of Construction (SOC) indicates approximately 9% of new single-family homes started in 2023 were served by individual wells and 17% had private septic systems. There are large…

The total market share of non-site built single-family homes (modular and panelized) was just 3% of single-family homes in 2023, according to completion data from the Census Bureau Survey of Construction data and NAHB analysis. This is a slight increase from the 2% share in 2022. This share has been steadily declining since the early-2000s…

Situated on a quarter acre, the flat lot was home to an existing tract house in disrepair, with nondescript apartment complexes just to the rear. Despite this, the charm of the lot—combined with a lucent exposure and dramatic views to the west—made the distinctive architectural possibilities apparent. The land was cleared of the existing structure, opening the mountain views and sun, and making way for a new home that brings light and drama into the house’s core. The design strategy…

This home owner is a passionate gun collector with a meticulously curated collection of firearms. Ensuring a secure place for their prized possessions was paramount. To address this need, the Gun Safe Room features impenetrable concrete walls and ceilings. While the robust Fort Knox in-swing vault door guarantees security, a discreet exterior concealment door ensures the room blends seamlessly, offering no hint of what’s behind. Inside, the room is adorned with wall-to-wall gun racks and ample storage, all crafted from…

In 2023, the majority of homes started featured laundry connections on the first floor (72%), according to the Census’s Survey of Construction. Laundry located on the second floor or higher was the second most prevalent at 26%. The basement, garage, and other locations all had a 1% or lower share.   In NAHB’s What Home Buyer’s…

Inflation eased further in August, reaching a new 3-year low despite persistent elevated housing costs. This inflation report is seen as the final key piece of data before the Fed’s meeting next week. The headline reading provides another dovish signal for future monetary policy, after recent signs of weakness in job reports. Although shelter costs…

The homeownership rate for multigenerational households surpassed that of all other family household types in 2022 and now stands at 74.2%, exceeding the homeownership rate of other family households of 73.9%. Just a decade ago, the homeownership rate for multigenerational stood at 69.3%, second to other family households at 71.3%. Multigenerational households are defined by…