The Start isn't the End in Home Building

Posted To: MND NewsWire

Every month the Census Bureau and the Department of Housing and Urban Development issues statistics on residential construction - permits authorized, construction starts, and homes completed. No one seems to pay much attention to the last one because it is pretty well baked into the leading indicators in the series, permits and starts, but there is more to the story . The National Association of Home Builders' (NHAB's) Eye on Housing recently posted some data as to what transpires along the timeline from obtaining a permit to pounding the last nail. NAHB writer Na Zhao relied on the Census Bureau's Survey of Construction (SOC) to provide the data. In 2015 it took an average of 7 months to complete a single family home. A month typically elapses between permitting and the start of the construction...(read more)

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