This report forecasts US residential construction expenditures, housing starts, housing stock, new and existing residential floor space, average floor space per new and existing unit, and sales of existing housing to 2017. Residential construction expenditures are provided in US dollars and segmented in terms of new single (or single-family) units, new multiple (or multifamily) units, and improvements. Housing starts and stock (in units), new and existing residential floor space (in square feet), and average floor space per new and existing unit (in square feet) are each segmented as follows: single-unit conventional housing, multiple-unit conventional housing, and manufactured housing. Sales of existing houses and housing starts are reported in units and segmented by US region in terms of South, West, Midwest, and Northeast.
To illustrate historical trends, residential construction expenditures and housing starts are provided in annual series from 2002 to 2012; total expenditures, housing starts, and the various segments are reported at five-year intervals for 2007 and 2012. An Industry Overview section defines construction and housing types, and discusses market drivers and constraints.
A Housing Forecasts section assesses the impact of key drivers and constraints on each measure of the housing market over the forecast period.
Further analysis includes an Industry Structure section, which surveys the supply base and profiles the leading suppliers competing in the US residential construction industry. A one-page, introductory Highlights section summarizes key findings from this 25-page report, and a Resources section lists contributing sources as well as resources available for further research.