Housing: United States

 
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Published Nov 1, 2021 | 41 Pages | Pub ID: FFO16826465
Housing: United States

This report forecasts to 2021 and 2025 US housing starts, housing stock in units, and housing completions, 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 2021 and 2025 and is segmented by type as follows: single-unit, multiple-unit, and improvements.

To illustrate historical trends, housing starts, the housing stock, housing completions, 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 2010 to 2020.

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.

This report includes the results of a proprietary national online consumer survey of US adults (age 18+). This Freedonia Focus Reports National Survey has a sample size of approximately 2,000, screened for response quality, and representative of the US population on the demographic measures of age, gender, geographic region, race/ethnicity, household income, and the presence/absence of children in the household.

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
Regulatory & Environmental Factors
SEGMENTATION & FORECASTS
Single-Unit Conventional Starts
Multiple-Unit Conventional Starts
Manufactured Starts
Stock
Regions
INDUSTRY STRUCTURE
Industry Characteristics
Market Leaders
ABOUT THIS REPORT
Scope
Sources
Industry Codes
Freedonia Methodology
Resources
LIST OF TABLES & FIGURES
Figure 1 | Key Trends in US Housing Starts, 2020 - 2025
Figure 2 | US Housing Start Trends, 2010 - 2020
Figure 3 | US New Housing Construction Expenditure Trends, 2010 - 2020
Table 1 | Key Indicators for US Housing Demand, 2010 - 2025
Figure 4 | US Interest Rate Trends, 2010 - 2020 (%)
Table 2 | US Interest Rate Trends, 2010 - 2020 (%)
Figure 5 | US Housing Starts by Type, 2010 - 2025 (000 units)
Table 3 | US Housing Starts by Type, 2010 - 2025 (000 units)
Figure 6 | US Survey: Have you changed where you live in the last 12 months?
Figure 7 | US Housing Starts by Type, 2010 - 2025 (%)
Table 4 | US Housing Completions by Type, 2010 - 2025 (000 units)
Figure 8 | US Survey: Which of the following best describes your home?
Figure 9 | US Residential Building Construction Expenditures by Type, 2010 - 2025 (US$ bil)
Table 5 | US Residential Building Construction Expenditures by Type, 2010 - 2025 (US$ bil)
Figure 10 | US Average Floor Space per New Completed Housing Unit by Type, 2010 - 2025 (sq ft)
Table 6 | US Average Floor Space per New Completed Housing Unit by Type, 2010 - 2025 (sq ft)
Figure 11 | US Single-Unit Conventional Housing Starts w/ Median Price of New Single Homes, 2010 - 2020
Figure 12 | US Rental Vacancy Rate by Region, 2010 - 2020 (%)
Figure 13 | US Housing Stock by Type, 2010 - 2025 (mil units)
Table 7 | US Housing Stock by Type, 2010 - 2025 (mil units)
Figure 14 | US Housing Stock by Type, 2010 - 2025 (%)
Figure 15 | US Average Floor Space per Existing Housing Unit by Type, 2010 - 2025 (sq ft)
Table 8 | US Average Floor Space per Existing Housing Unit by Type, 2010 - 2025 (sq ft)
Figure 16 | US Survey: Thinking of the area in which you live, would you describe it as…
Figure 17 | US Housing Starts by Region, 2010 - 2025 (000 units)
Table 9 | US Housing Starts by Region, 2010 - 2025 (000 units)
Figure 18 | US Median Price New Conventional Single-Unit Home by Region, 2010 - 2020 (US$ 000)
Table 10 | US Median Price New Conventional Single-Unit Home by Region, 2010 - 2020 (US$ 000)
Figure 19 | US Existing Home Sales by Region, 2010 - 2025 (000 units)
Table 11 | US Existing Home Sales by Region, 2010 - 2025 (000 units)
Figure 20 | US Housing Stock by Region, 2010 - 2025 (mil units)
Table 12 | US Housing Stock by Region, 2010 - 2025 (mil units)
Figure 21 | US Housing Firms, Establishments, & Employment, 2010 - 2019
Table 13 | US Housing Firms, Establishments, & Employment, 2010 - 2019
Figure 22 | US Housing Market Share by Company, 2020 (%)
Table 14 | Leading Participants in the US Housing Industry by Segment
Table 15 | NAICS & SIC Codes Related to Housing

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