Posts and research reports covering residential construction in the U.S.
Multi-family housing plays a crucial role in bolstering housing availability in states with substantial urban populations. Nationally, approximately 29% of the current housing stock falls under the multi-family category, although this figure exhibits significant regional disparities. Looking at new units authorized by building permits in 2023, researchers identified the states and metros building the most multi-family housing.
Investing in home improvements varies by location due to factors such as cost of living, local economic conditions, and the housing market. Our researchers ranked U.S. states and metros according to the number of home improvement loans taken out per 1,000 owner-occupied households.
The average cost per square foot of a manufactured home is $87, roughly half the $166 cost per square foot of a site-built home. For lower- and middle-income families, this more affordable option has significant appeal. Our researchers identified the U.S. states investing the most manufactured housing.
Although supply is a challenge across the U.S., some locations are progressing faster than others in authorizing new construction. Researchers ranked locations according to the number of new housing units authorized per 1,000 existing homes in 2023.
Every sector of the U.S. economy relies on the construction industry in some capacity. But just how big is the construction sector and how fast is it growing? This page provides an overview of key statistics and trends within the…
The need for affordable housing in the United States has never been greater. After adjusting for inflation, home prices are nearly 60% higher than they were 10 years ago, and roughly 25% of renters spend over 50% of their income on rent. But while the national supply of housing has been lagging overall, some parts of the country have managed to add homes faster than others.