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Housing: United States

Housing: United States

This report forecasts to 2023 US housing starts and the housing stock in units, and average floor space per new and existing units in square feet. Each measure is segmented by housing type in terms of: single-unit conventional, multiple-unit conventional, and manufactured. In addition, housing starts and the housing stock, as well as existing home sales, are segmented by region as follows: South, Midwest, West, and Northeast. Furthermore, spending on residential building construction in nominal US dollars is forecast to 2023 and is segmented by type as follows: single-unit, multiple-unit, and improvements.

To illustrate historical trends, housing starts, the housing stock, existing home sales, average floor space, residential building construction expenditures, the median price of new single-unit conventional homes, interest rates, and the various segments are provided in annual series from 2008 to 2018.

The definition of housing starts differs by type of building. A housing start for a conventional building is counted on the date foundation work begins. For manufactured housing, the date of placement represents a housing start. Modular and precut varieties are not considered manufactured homes; they are conventional homes. As defined by the US Census Bureau, expenditures represent architectural and engineering costs; labor, material, and overhead costs; interest and taxes paid during construction; and contractors' profits. Improvements include additions, alterations, and major replacements (e.g., heating systems) to existing structures, but exclude maintenance and repairs.

Key macroeconomic indicators are also provided with quantified trends. Other various topics, including profiles of pertinent leading companies, are covered in this report. A full outline of report items by page is available in the Table of Contents.

Related NAICS Codes:
236115 New Single-Family Housing Construction (except For-Sale Builders)
236116 New Multifamily Housing Construction (except For-Sale Builders)
236117 New Housing For-Sale Builders
236118 Residential Remodelers
321991 Manufactured Home (Mobile Home) Manufacturing


HIGHLIGHTS
MARKET ENVIRONMENT
Historical Trends
Key Economic Indicators
Interest Rate Trends
SEGMENTATION & FORECASTS
Single-Unit Conventional Starts
Multiple-Unit Conventional Starts
Manufactured Starts
Stock
Regions
INDUSTRY STRUCTURE
Industry Characteristics
Market Share
ABOUT THIS REPORT
Scope
Sources
Industry Codes
Freedonia Methodology
Resources
LIST OF TABLES & FIGURES
Figure 1 | Key Trends in US Housing Starts, 2018 - 2023
Figure 2 | US Housing Start Trends, 2008 - 2018
Figure 3 | US New Housing Construction Expenditure Trends, 2008 - 2018
Table 1 | Key Indicators for US Housing Demand, 2008 - 2023
Figure 4 | US Interest Rate Trends, 2008 - 2018 (%)
Table 2 | US Interest Rate Trends, 2008 - 2018 (%)
Figure 5 | US Housing Starts by Type, 2008 - 2023 (000 units)
Table 3 | US Housing Starts by Type, 2008 - 2023 (000 units)
Figure 6 | US Residential Building Construction Expenditures by Type, 2008 - 2023 (US$ bil)
Table 4 | US Residential Building Construction Expenditures by Type, 2008 - 2023 (US$ bil)
Figure 7 | US Average Floor Space per New Completed Housing Unit by Type, 2008 - 2023 (sq ft)
Table 5 | US Average Floor Space per New Completed Housing Unit by Type, 2008 - 2023 (sq ft)
Figure 8 | US Single-Unit Conventional Housing Starts w/ Median Price of New Single Homes, 2008 - 2018
Figure 9 | US Rental Vacancy Rate by Region, 2008 - 2018
Figure 10 | US Housing Starts by Type, 2008 - 2023 (%)
Figure 11 | US Housing Stock by Type, 2008 - 2023 (mil units)
Table 6 | US Housing Stock by Type, 2008 - 2023 (mil units)
Figure 12 | US Housing Stock by Type, 2008 - 2023 (%)
Figure 13 | US Average Floor Space per Existing Housing Unit by Type, 2008 - 2023 (sq ft)
Table 7 | US Average Floor Space per Existing Housing Unit by Type, 2008 - 2023 (sq ft)
Figure 14 | US Housing Starts by Region, 2008 - 2023 (000 units)
Table 8 | US Housing Starts by Region, 2008 - 2023 (000 units)
Figure 15 | US Median Price New Conventional Single-Unit Home by Region, 2008 - 2018 (US$ 000)
Table 9 | US Median Price New Conventional Single-Unit Home by Region, 2008 - 2018 (US$ 000)
Figure 16 | US Existing Home Sales by Region, 2008 - 2023 (000 units)
Table 10 | US Existing Home Sales by Region, 2008 - 2023 (000 units)
Figure 17 | US Housing Stock by Region, 2008 - 2023 (mil units)
Table 11 | US Housing Stock by Region, 2008 - 2023 (mil units)
Figure 18 | US Housing Firms, Establishments, & Employment, 2008 - 2018
Table 12 | US Housing Firms, Establishments, & Employment, 2008 - 2018
Figure 19 | US Housing Market Share by Company, 2018 (%)
Table 13 | Leading Participants in the US Housing Industry by Segment
Table 14 | NAICS & SIC Codes Related to Housing

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