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Bedrooms in New Single-Family Homes in 2025 – Eye On Housing

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Three-bedroom single-family homes remained the most common home built with respect to the number of bedrooms. The share of starts for four-bedroom homes declined for the fourth consecutive year but remained well above the shares for two-bedroom or less and five-bedroom or more homes.

Despite three-bedroom homes remaining the most common for new single-family starts, their share edged down to 46.5% from 47.0% in 2024. Four-bedroom homes also declined, falling to 31.7% from 32.4%, the lowest level since 2010. Meanwhile, homes with two bedrooms or less increased to 11.5% from 11.4%, while those with five bedrooms or more rose to 10.3% from 9.2%.

U.S. Divisions

Across U.S. Census Divisions, the share of new single-family homes with four or more bedrooms displays geographic variation. The share ranged from a low of 28.1% in the New England and East North Central division to the highest share of 49.3% in the West South Central division.

Purpose of Construction

The number of bedrooms in new homes also varies depending on the purpose of construction (built-for-sale, contractor-built, owner-built, built-for-rent). Most of this variation comes from the two-bedroom or less homes and four-bedrooms homes. For example, the share of new single-family homes with two bedrooms or less ranges from 6.2% of homes built-for-sale to 32.5% of homes owner-built. Meanwhile, three-bedroom homes and five or more-bedroom homes display relatively little change across purpose of construction. Five or more-bedrooms homes held the smallest share of starts across purpose of construction for all types except for built-for-sale homes.



This article was originally published by a eyeonhousing.org . Read the Original article here. .

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Wood Framing Continues to Dominate Single-Family Construction – Eye On Housing

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Wood framing continues to dominate the U.S. single-family home construction market, according to NAHB analysis of 2025 Census Bureau data. In 2025, wood framing accounted for 94% of all completed single-family homes, maintaining its position as the leading construction method. Concrete-framed homes represented 5% of completions, while steel-framed homes remained relatively rare, comprising half a percent of the market.

On a count basis, approximately 947,000 wood-framed homes were completed in 2025. This was a 1% decrease compared to the 2024 total. Despite the decline in the number of wood-framed homes, the wood-framed market share remained unchanged at 94% in 2025. Steel-framed homes, while still uncommon, continued to increase. About 5,000 steel-framed homes were completed in 2025, representing a 25% increase from the previous year.

Meanwhile, concrete-framed homes also experienced a decline. The concrete market share remained at 5% in 2025, while the number of concrete-framed homes completed fell to approximately 53,000, a 4% decrease compared to the prior year. Non-wood-based framing methods are primarily concentrated in the South due to residential resiliency requirements. In 2025, concrete-framed homes made up 9% of all single-family home completions in the South. Additionally, about 60% of all steel-framed homes completed in 2025 were built in the South, highlighting the region’s distinct building trends.



This article was originally published by a eyeonhousing.org . Read the Original article here. .

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Single-Family Starts Rebound but Market Challenges Persist – Eye On Housing

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Single-family housing starts rebounded in August, but production remains down 4.7% year to date as builders contend with rising construction costs, lot and labor shortages, and economic uncertainty.

Overall housing starts decreased 2.6% in August to a seasonally adjusted annual rate of 1.28 million units, according to a report from the U.S. Department of Housing and Urban Development and the U.S. Census Bureau. This pace reflects the number of housing units builders would begin over the next 12 months if August’s activity were sustained.

Within this overall number, single-family starts increased 7.6% to a seasonally adjusted annual rate of 918,000 units and were up 5.2% from August 2025. The multifamily sector, which includes apartment buildings and condos, decreased 21.7% to an annualized 357,000 pace and was down 14.6% from a year earlier.

Regionally, on a year-to-date basis, combined single-family and multifamily starts were 10% higher in the Northeast, 0.4% lower in the Midwest, 2.4% lower in the South, and 3% lower in the West.

Overall permits decreased 2.7% to a 1.39-million-unit annualized rate in August. Single-family permits decreased 1.8% to an 878,000-unit rate but were up 1.3% compared to August 2025. Multifamily permits decreased 4.3% to an annualized 516,000 pace but were up 7.5% from a year earlier.

Looking at regional permit data on a year-to-date basis, total permits were 12.5% higher in the Northeast, 2.7% higher in the Midwest, 3.5% lower in the South, and 1.7% higher in the West. For single-family permits, the Midwest has shown resilience with single-family permits up 2.9% year to date, while the Northeast, South, and West continue to post declines. Year-to-date declines in single-family permits show builders remain cautious about future construction, a trend reflected in our recent builder surveys.

The total number of housing units under construction stood at 1.27 million in August, down 3.2% from a year earlier. Single-family homes under construction totaled 589,000, a 3.4% year-over-year decline. Multifamily units under construction fell to 682,000, down 3% from a year ago and well below the peak of more than 1 million units reached in December 2023.

Housing completions also continued to soften. Single-family completions fell to an annual rate of 816,000 units, down 22.9% from a year earlier. Multifamily completions for buildings with five or more units declined 35.7% year over year to a 302,000-unit pace.



This article was originally published by a eyeonhousing.org . Read the Original article here. .

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Single-Family Permitting Declines Through July as Multifamily Activity Remains Stronger –

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Single-family permitting activity continued to weaken through the first seven months of 2026, while multifamily permitting remained stronger compared with the same period last year. Although single-family permits declined in most regions and states, multifamily permitting increased in three of the four regions, led by significant gains in the Northeast and West.

Over the first seven months of the year, the number of single-family permits issued nationwide reached 546,826. Compared with the same period in 2025, this represents a 3.3 percent decline from the July 2025 total of 565,208. In contrast, multifamily permitting activity remained stronger, with 304,876 permits issued nationwide, marking a 6.3 percent increase compared with the same period last year.

Regionally, year-to-date single-family permitting declined in three out of the four regions through July. The Midwest was essentially flat, with a 1.1 percent increase. The South declined 2.6 percent, the West fell 6.1 percent, and the Northeast posted the largest decline, at 9.6 percent. Multifamily permits increased in three of the four regions, led by the Northeast (39.9 percent), followed by the West (16.2 percent), and the Midwest (4.1 percent). The South was the only region to post a decline, with multifamily permits falling 6.5 percent, driven largely by reduced permitting activity in major metropolitan areas across the region.

At the state level, 20 states and the District of Columbia recorded increases in single-family permits compared with the same period last year, with gains ranging from 69.6 percent in the District of Columbia to 0.3 percent in Louisiana. The remaining 30 states posted declines. Nevada recorded the steepest decline, with single-family permits falling 27.5 percent.

The ten states issued the highest number of single-family permits accounted for 62.5 percent of all single-family permits issued nationwide. Texas led the nation with 87,795 permits issued through July 2026, although this represented a 3.1 percent decline from the same period in 2025. Florida, the second-highest state, recorded a 2.8 percent decline, while North Carolina, ranking third, posted a 7.7 percent decrease.

Through July, 30 states and the District of Columbia recorded increases in multifamily building permits, while 19 states experienced declines. Alaska remained unchanged. The District of Columbia posted the largest percentage increase, with multifamily permits rising 108.9 percent, from 541 to 1,130 units. In contrast, Nevada recorded the steepest decline, with permits falling 42.0 percent, from 3,916 to 2,271 units.

The ten states issued the highest number of multifamily permits accounted for 61.0 percent of all multifamily permits issued nationwide. Through the first seven months of 2026, Texas, which issued the largest number of multifamily permits, posted a 20.5 percent decline compared with the same period last year. California, the second-highest state, recorded a 25.9 percent increase, while Florida, ranking third, saw multifamily permits decrease by 31.2 percent.

At the local level, the following are the ten metropolitan areas with the highest number of single-family permits issued.

Below are the ten metropolitan areas with the highest levels of multifamily permitting activity.



This article was originally published by a eyeonhousing.org . Read the Original article here. .

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Single-Family Home Construction Time Declines in 2025 – Eye On Housing

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Building a new single-family home took less time in 2025 compared to the previous three years. On average, it now takes 8.8 months from start to finish. That time includes 1.4 months for authorization to start construction and another 7.4 months to finish construction.

Data from the Census Bureau’s Survey of Construction shows that single-family construction timelines have shortened as pandemic-era supply chain challenges have eased. However, the time period is still around 1.6 months longer than the average completion time in 2015. The longer construction timeline may reflect several headwinds facing builders, including a more stringent regulatory environment and an ongoing skilled labor shortage.

Among all single-family houses completed in 2025, homes built for sale required the shortest amount of time, 7.4 months from obtaining building permits to completion. Meanwhile, homes built by owners (portion of custom home building) required the longest time, 14.3 months. Homes built by hired contractors took about 11.7 months (the larger portion of custom home building), and homes built-for-rent required about 12.4 months from authorization to completion.

The chart below illustrates that permit-to-completion time differs across home sizes. The smallest single-family homes, under 1,200 sq. ft., required 12.2 months to finish, relatively longer than every other size homes except those over 5,000 sq. ft. This prolonged period is primarily because half of these smaller homes are constructed specifically for rental purposes, which typically takes longer building time from authorization.

In contrast, homes ranging from 1,200 to 3,999 sq. ft. are built at the average building time, typically around 9 months. As the size increases beyond 4,000 sq. ft., there is a noticeable upward trend in completion times. Homes of 4,000-4,999 sq. ft. take about 10.7 months, while those between 5,000- 5,999 sq. ft. extend to around 12 months. Homes over 6,000 sq. ft. take the longest to build, requiring 16.3 months from permit to finish.

The average time from authorization to completion also varies regionally across divisions. The division with the longest duration was New England (13.5 months), followed by the Middle Atlantic (12.6 months), the Pacific division (10.3 months), the East South Central division (9.1 months), and the Mountain division (9.1 months) in 2025. These five divisions exceeded the nation’s average of 8.8 months. The shortest period, 7.6 months, is registered in the South Atlantic division. The average waiting period from permit to construction start varies from the shortest time of 1 month in the East North Central and the West North Central to the longest of 1.8 months in New England.

The SOC also collects additional information for houses built for sale, including a sale date when buyers sign sale contracts or make a deposit. Looking at single-family homes built for sale and completed in 2025, 12.3% were sold before construction started, 29.3% sold while under construction, 18.5% sold during the month of completion, and 31.5% sold after completion. The share of completed houses remaining unsold was 8.3% at the point of survey. Compared with 2024, a larger share of new single-family homes remained on the market until after construction was completed. The share sold after completion rose from 27.0% to 31.5%, while the share sold while under construction fell from 33.0% to 29.3%, and the share sold before construction began declined from 15.2% to 12.3%. These shifts suggest that, despite shorter construction timelines, builders faced a weaker sales environment in 2025.



This article was originally published by a eyeonhousing.org . Read the Original article here. .

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Single-Family Construction Contracts Broadly While Multifamily Expands – Eye On Housing

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Home building trends diverged across geographies in the second quarter of 2026. According to the Home Building Geography Index (HBGI), single-family construction declined in nearly all geographic categories, although the contraction eased in most markets from the first quarter. Multifamily construction expanded across six of the seven categories, with activity increasingly concentrated in large metro core and suburban counties.

Single-Family

Single-family construction declined in six of the seven geographic categories in the second quarter. However, the downturn in single-family construction in the second quarter eased as these geographies contracted at a slower pace from the previous quarter.

Large metro core counties recorded the steepest decline, falling 13.9% and marking the fifth consecutive quarter of decline. This was an improvement from the 15.8% decline in the first quarter. Outlying counties in small metro areas were the only market to return to growth, increasing a modest 0.9% following four consecutive quarterly declines.

The geographic composition of single-family construction continued to shift toward smaller and less densely populated markets. Large metro core counties experienced the largest market share decline, falling 1.3 percentage points from a year earlier to reach another new low point at 14.6%. By contrast, small metro outlying counties posted the largest gain, increasing 0.8 percentage point to 10.9%.

Small metro core counties remained the largest single-family market, accounting for 29.4% of construction, followed by large metro suburban counties at 24.0%.

Multifamily

Multifamily construction expanded in all markets except large metro outlying counties. Large metro core counties increased 11.6%, recording three-quarters of consecutive growth. Compared to the previous quarter, the pace of increase has slowed but the market still recorded the strongest growth among all geographies.

Large metro suburban counties also followed a similar pattern, posting a 7.9% increase, although growth has slowed from the prior quarter. In contrast, large metro outlying counties declined 15.9% and were the only market that contracted for the multifamily sector.

Non-metro/micro counties posted the clearest acceleration, with growth rising to 10.3%, although these areas accounted for only 1.2% of multifamily construction.

Multifamily market share continued to shift toward large metropolitan areas. Large metro core counties gained 1.6 percentage points from a year earlier to reach 35.4%, while large metro suburban counties gained 0.5 percentage points to reach 27.3%. Together, these markets accounted for 62.7% of multifamily construction.

The second quarter of 2026 HBGI data along with an interactive HBGI map can be found at https://nahb.org/hbgi.



This article was originally published by a eyeonhousing.org . Read the Original article here. .

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Single-Family AD&C Lending Falls Back in Q2 – Eye On Housing

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Single-family construction lending fell slightly in the second quarter, according to data released by the Federal Deposit Insurance Corporation. The volume of 1-4 family residential construction and land development loans outstanding was down 0.4% from the first quarter. The total volume of outstanding AD&C loans, which includes both nonresidential and residential construction loans, rose for the first time in nine quarters.

In the second quarter of 2026, the total level of outstanding AD&C loans rose to $453.5 billion, up from $453.3 billion in the previous quarter. The volume of 1-4 family residential construction and land development loans fell to $91.3 billion in the second quarter, down 0.4% from a quarter earlier. Despite the quarterly decline, the volume of 1-4 family residential was up 1.7% from last year. This marked the fourth straight quarter showing a year-over-year increase. The volume of all other real estate development loans rose to $362.1 billion, up 0.1% from the first quarter but down 4.6% from a year ago.

It is worth noting that the FDIC data represents only the stock of loans, not changes in the underlying flows, so it is an imperfect data source. Nonetheless, lending remains much reduced compared with years past. The current amount of existing 1-4 family residential AD&C loans now stands 56% lower than the peak level of residential construction lending at $204 billion during the first quarter of 2008. Alternative sources of financing, including equity partners, have supplemented this capital market in recent years.

Quality Metric of Construction Loans

The volume of loans that were 30+ days past due or in nonaccrual status fell in the second quarter, to $967.8 million. As a share of the total 1-4 family residential construction loan volume, this accounts for 1.1%.

Breaking this out further, the level of loans 30-89 days past due was $425.9 million, while the volume in nonaccrual status was $492.2 million. The nonaccrual loan volume fell from $493.7 million in the first quarter, and the 30-89 past due volume fell from $451.5 million.

Loans are classified as nonaccrual when one or more of the following conditions apply: the loan is 90 days or more past due on principal or interest (unless it is well-secured and in the process of collection); the bank no longer expects full repayment of principal and interest; or the borrower’s financial condition has significantly deteriorated, warranting cash-basis accounting.



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Small Decline for Single-Family Home Size – Eye On Housing

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New single-family home size had been falling since 2015 in response to declining affordability conditions. An exception occurred in 2021, when new home size increased as interest rates reached historic lows. However, as mortgage interest rates increased in 2022 and 2023 and affordability worsened, demand shifted back toward smaller homes. This trend appears to be reversing again as the entry-level has been weak.

According to second quarter 2026 data from the Census Quarterly Starts and Completions by Purpose and Design and NAHB analysis, median single-family square floor area was 2,185 square feet, effectively unchanged from the prior quarter. Average (mean) square footage for new single-family homes registered at 2,426 square feet, a small increase year-over-year.

On a one-year moving average basis, the average size of a new single-family home increased slightly to 2,421 square feet, while the median size increased to 2,184 square feet. Since 2024 home size has trended higher as the upper end of the housing market has fared better than the entry level.

Home size trends in 2026 are likely to post continued small gains, driven by relative strength at the higher end of the market but will be constrained by housing affordability challenges.



This article was originally published by a eyeonhousing.org . Read the Original article here. .

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Second Quarter Declines for Single-Family Built-to-Rent – Eye On Housing

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Single-family built-for-rent (SFBFR, or built-to-rent (BTR)) construction fell back in the second quarter of 2026, as a higher cost of financing, increased multifamily supply and policy concerns over Congressional legislation related to institutional capital froze parts of the development market. Fortunately, changes by the House of Representatives addressed a harmful Senate proposal. The housing legislation, as enacted into law, does not include a prohibition against institutional capital financing BTR housing. Stabilization for BTR housing should be reached in the coming months.

According to NAHB’s analysis of data from the Census Bureau’s Quarterly Starts and Completions by Purpose and Design, there were approximately 15,000 single-family built-for-rent (SFBFR) starts during the second quarter of 2026. This is down measurably from the second quarter of 2025 (18,000).

Over the last four quarters, 63,000 such homes began construction, which is a 16% decrease compared to the 75,000 estimated BTR starts for the prior four quarter period.

The BTR market is a source of inventory amid challenges regarding housing affordability and down payment requirements in the for-sale market, particularly during a period when a growing number of people want more space and a single-family structure. Single-family built-for-rent construction differs in structural characteristics compared to other newly-built single-family homes, particularly with respect to home size.

Given the relatively small size of this market segment, the quarter-to-quarter movements typically are not statistically significant. The current four-quarter moving average of market share (just under 7%) is nonetheless higher than the historical average of 2.7% (1992-2012).

Importantly, as measured for this analysis, the estimates noted above include only homes built and held by the builder for rental purposes. The estimates exclude homes that are sold to another party for rental purposes, which NAHB estimates may represent another three to five percent of single-family starts based on industry surveys.

The Census data note an elevated share of single-family homes built as condos (non-fee simple), with this share averaging about 3% over recent quarters. Some, but certainly not all, of these homes will be used for rental purposes. Additionally, it is theoretically possible that some single-family built-for-rent units are being counted in multifamily starts, as a form of “horizontal multifamily,” given that these units are often built on a single plat of land. However, spot checks by NAHB with permitting offices indicate no evidence of this data issue occurring.a

With the onset of the Great Recession and declines in the homeownership rate, the share of built-for-rent homes increased in the years after the recession. While the market share of SFBFR homes is small, it has clearly expanded. Given affordability challenges in the for-sale market, the SFBFR market will likely retain an elevated market share.



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Single-Family Permitting Declines Through June in Contrast to Multifamily – Eye On Housing

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Single-family permitting activity continued to weaken through the first half of 2026, while multifamily permitting remained somewhat stronger compared with the same period last year.

Over the first six months of the year, the number of single-family permits issued nationwide reached 465,301. Compared with the same period in 2025, this represents a 4.2 percent decline from the June 2025 total of 485,935. In contrast, multifamily permitting activity remained stronger, with 255,751 permits issued nationwide, marking a 4.5 percent increase from the same period last year.

Regionally, year-to-date single-family permitting declined in all four regions through June. The Midwest was essentially flat, while the South declined 3.6 percent, the West fell 6.8 percent, and the Northeast posted the largest decline, at 10.2 percent. Multifamily permits increased in three of the four regions, led by the Northeast (43.5 percent), followed by the West (14.0 percent) and the Midwest (1.4 percent). The South was the only region to post a decline, with multifamily permits falling 8.9 percent, driven largely by reduced permitting activity in major metropolitan areas across the region.

At the state level, 13 states and the District of Columbia recorded year-over-year increases in single-family permits through June, with gains ranging from 65.2 percent in the District of Columbia to 1.0 percent in Idaho. California reported no change, while the remaining 35 states posted declines. Nevada recorded the steepest decline, with single-family permits falling 26.0 percent.

The ten states issuing the highest number of single-family permits accounted for 62.8 percent of all single-family permits issued nationwide. Texas led the nation with 75,274 permits issued through June 2026, although this represented a 3.6 percent decline from the same period in 2025. Florida, the second-highest state, recorded a 5.0 percent decline, while North Carolina, ranking third, posted a 9.2 percent decrease.

Through June, 33 states and the District of Columbia recorded increases in multifamily building permits, while 17 states experienced declines. The District of Columbia posted the largest percentage increase, with multifamily permits rising 137.5 percent, from 469 to 1,114 units. In contrast, Nevada recorded the steepest decline, with permits falling 51.2 percent, from 3,866 to 1,888 units.

The ten states issuing the highest number of multifamily permits accounted for 61.0 percent of all multifamily permits issued nationwide. Through the first six months of 2026, California, which issued the largest number of multifamily permits, posted a 26.1 percent increase compared with the same period last year. Texas, the second-highest state, recorded a 23.7 percent decline, while Florida, ranking third, saw multifamily permits decrease by 41.3 percent.

At the local level, the following are the ten metropolitan areas with the highest number of single-family permits issued.

Below are the ten metropolitan areas with the highest levels of multifamily permitting activity. It is worth noting that the largest multifamily markets continue to show declines. Gains for multifamily permitting are occurring in smaller markets and for smaller builders.



This article was originally published by a eyeonhousing.org . Read the Original article here. .

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