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HUD and Census Bureau Examine Characteristics of New Home Construction

NationalMortgageProfessional.com
Jun 04, 2014

Most of the single-family homes built in 2013 included central air conditioning and at least a two-car garage according to a joint report issued by the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. The Annual 2013 Characteristics of New Housing Report reveals details on single- and multi-family housing completed and sold last year. Each year, HUD and Census conduct a national construction survey that offers national data on the characteristics of new privately owned residential structures, such as square footage, number of bedrooms and bathrooms, type of wall material, and sales prices. Many characteristics are available at the region level. Single-family homes – HUD and Census found that of the 569,000 single-family homes completed in 2013: ►518,000 had air-conditioning. ►59,000 had two or fewer bedrooms and 251,000 had four bedrooms or more. ►27,000 had one and one-half bathrooms or less, whereas 188,000 homes had three or more bathrooms. ►166,000 had a full or partial basement, while 91,000 had a crawl space, and 312,000 had a slab or other type of foundation. ►305,000 had two or more stories. ►333,000 had a forced-air furnace and 216,000 had a heat pump as the primary heating system. ►347,000 had a heating system powered by gas and 214,000 had a heating system powered by electricity. ►The average single-family house completed was 2,598 square feet. Multi-family homes – Of the 195,000 multifamily units completed in 2013: ►14,000 were age-restricted. ►129,000 were heated with electricity and 64,000 were heated with gas. ►91,000 had two or more bathrooms. ►79,000 had one bedroom and 27,000 had three or more bedrooms. ►The average square footage of multifamily units built for rent was 1,082. Of the 10,000 multifamily buildings completed in 2013: ►5,000 had one or two floors. ►6,000 used electricity as the primary heating fuel.
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