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INDUSTRIES
&
MARKETSResidentialconstructionintheUnitedStatesCHAPTER
01ResidentialconstructionmarketNewresidentialconstructionputinplaceintheUnitedStatesfrom2005to2023,withforecastsuntil2027(inbillioncurrentU.S.dollars)ResidentialconstructionputinplaceintheU.S.2005-2023,withforecaststo20271,2001,00080060040020002005
2006
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2008
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2010
2011
2012
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2015
2016
2017
2018
2019
2020
2021
2022
2023
2024*
2025*
2026*
2027*4Description:ThevalueofnewresidentialconstructionputinplaceintheUnitedStatesfellin2023,anditisexpectedtodecreaseagainin2024.Thesefiguresrefertotheconstructionofsingle-familyandmulti-familyhousing,aswellastothevalueofthehomeimprovementssegment,whichincludesadditions,alterationsandmajorreplacements.?Non-residentialconstructionspendingisrosesignificantlyin2023.ReadmoreNote(s):UnitedStates;2005to2023;*Forecasts.
Thefigureshavebeentakenfromseveraleditionsofthesamepublication.ReadmoreSource(s):FMICorporationPublicresidentialconstructionspendingintheU.S.from2002to2023(inbillionU.S.dollars)ValueofpublicresidentialconstructionspendingintheU.S.2002-202311.510.59.58.57.56.55.54.52002
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20235Description:ThevalueofpublicresidentialconstructionspendingintheUnitedStateshasrisensignificantlyfrom2019to2023.In2019,thepublicsectorspentnearly6.89billionU.S.dollarsonresidentialconstructionprojects,whilethatfigurereached10.7billionU.S.dollarsin2023.The?overallvalueofnewresidentialconstructionputinplaceintheU.S.isexpectedtoincreaseoverthecomingyears.ReadmoreNote(s):UnitedStates;2002to2023Source(s):USCensusBureauValueofnewprivateresidentialconstructionputinplaceintheUnitedStatesfrom1964to2023(inbillionU.S.dollars)ValueofnewprivateresidentialconstructionintheU.S.1964-20231,00090080070060050040030020010001964196619681970197219741976197819801982198419861988199019921994199619982000200220042006200820102012201420162018202020226Description:NewhomeconstructionoutputintheU.S.privatesectorfell?in2023.Meanwhile,2022wasthethirdyearofstronggrowthinarow,withprivateresidentialconstructionreachingavalueof918billionU.S.dollars.Thosetrendsarealsoreflectedinthe?numberofhousingunitsauthorizedbybuildingpermits,whichshowsthenumberofprojectsthatwereapprovedandreadytostart.ReadmoreNote(s):UnitedStates;1964to2023;Seasonallyadjusted.Source(s):USCensusBureauResidentialimprovementsintheUnitedStatesfrom2005to2023,withforecastsuntil2028(inbillioncurrentU.S.dollars)ResidentialimprovementsintheU.S.2005-2023,withforecastsupuntil20284504003503002502001501005002005
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2015
2016
2017
2018
2019
2020
2021
2022
2023
2024*
2025*
2026*
2027*
2028*7Description:TheU.S.homeimprovementmarketfellbyover18.5?billionU.S.dollarsbetween2022and2023.However,itisexpectedtoincreaseitsmarketsizeagainintheyearsafterthat.OverallnewresidentialconstructionintheUnitedStatesisexpectedtofollowasimilargrowthtrend.ReadmoreNote(s):UnitedStates;2005to2023Source(s):FMICorporationMetropolitanareaswiththehighestvalueofnewresidentialconstructionauthorizedbybuildingpermitsintheUnitedStatesin2023(inbillionU.S.dollars)MetropolitanareaswiththehighestvalueofnewhomeconstructionintheU.S.2023ValueinbillionU.S.dollars024681012141618Dallas-FortWorth-Arlington,TXHouston-TheWoodlands-SugarLand,TXNewYork-Newark-JerseyCity,NY-NJ-PAPhoenix-Mesa-Chandler,AZ16.2615.7911.1610.32Atlanta-SandySprings-Alpharetta,GALosAngeles-LongBeach-Anaheim,CAAustin-RoundRock-Georgetown,TX8.697.116.846.616.285.98Charlotte-Concord-Gastonia,NC-SCOrlando-Kissimmee-Sanford,FLMiami-FortLauderdale-PompanoBeach,FLNashville-Davidson--Murfreesboro--Franklin,TNTampa-St.Petersburg-Clearwater,FLWashington-Arlington-Alexandria,DC-VA-MD-WV5.95.835.028Description:Thetwometropolitanareaswiththehighestvalueofnewresidentialconstructionin2023wereinTexas.Thosetwoareas,Dallas-FortWorth-ArlingtonandHouston-TheWoodlands-SugarLand,weretheonlyonesintheUnitedStateswherenewhomesbuiltwereworthover15billionU.S.dollars.Thosefiguresweresignificantlyhigherthanthefollowingentriesinthelist,theareasaroundPhoenix(Arizona)andinNewYork,wherehomeconstructionamountedtoovertenbillionU.S.dollars.ReadmoreNote(s):UnitedStates;2023Source(s):USCensusBureauResidentialrealestateconstructionsupplyintheUnitedStatesfromJanuary2000toAugust2023,bystage(inmillionunits)ResidentialconstructionsupplyintheU.S.2000-2023,bystageBuildingpermitsStartedUnderconstructionCompleted2.52.01.51.00.50.09Description:HousingconstructionintheUnitedStatesplummetedbetween2006and2010,followedbyagradualincreaseuntil2022.Thenumberofnewbuildingpermitsreachedthehighestvaluesince2006inDecember2021,followedbyadeclineinthefollowingyears.Thatconsequentlyaffectedtheconstructionpipeline,leadingtoadecliningnumberofhomeconstructionstarts.AsofAugust2023,the12-monthrollingnumberofnewprivatelyownedhousingunitscompletedamountedto[...]ReadmoreNote(s):UnitedStates;January2000toAugust2023Source(s):St.LouisFed;USDepartmentofHousingandUrbanDevelopmentNumberofnewprivately-ownedhousingunitsstartedintheU.S.from2020to2023,byregion(in1,000s)NumberofprivatehousingstartsintheU.S.2020-2023,byregionSouthWestMidwestNortheast1,8001,6001,4001,2001,000800136.5142.1205.8215.5114.8184.9111.5191.6400.8370.6328.2341600848.12021834.12022400792.12023735.52020200010Description:In2023,thereweremorenewhousingstartsintheSouthoftheUnitedStatesthanineveryotherregionofthecountrycombined.TheWestwasthesecondregionwiththehighestnumberofhousingstarts,whichamountedtoroughly400,800unitsin2021.NortheastwastheonlyregionintheU.S.thatexperiencedanincreaseinthenumberofhousingstartsin2022.ReadmoreNote(s):UnitedStates;2020to2023Source(s):USCensusBureauAveragelengthoftimefromstarttocompletionofnewprivatelyownedresidentialbuildingsintheU.S.from1971to2022(inmonths)TimeofU.S.residentialbuildingconstruction1971-2022AveragelengthoftimeinmonthsBuildingswith2unitsormoreBuildingswith1unit10
1202468141618172022202120202019201820172016201520142013201220118.315.415.415.47.26.8714.46.76.56.613.912.912.26.36.211.710.46610.812.66.611Description:TheaveragelengthoftimefromstarttocompletionofnewprivatelyownedresidentialbuildingswithoneunitintheUnitedStatesincreasedbyoveronemonthin2022.Meanwhile,ittookanaverageof17monthsfromstarttocompletiontobuildnewprivatelyownedresidentialbuildingswithmultipleunitsthatyear.In2021,one-unitbuildingstookaround8.3monthsonaveragetobuild.IthasbeenestimatedthattheUnitedStatesnewresidentialconstructionwillcontinuegrowingover[...]ReadmoreNote(s):UnitedStates;1971to2022Source(s):USCensusBureauYear-over-yearchangeoftheconsumerpriceofhousingincitiesintheU.S.from2000to2023AnnualchangeofhousingconsumerpriceinU.S.cities2000-20238.0%7.0%6.0%5.0%4.0%3.0%2.0%1.0%0.0%-1.0%2000
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202312Description:TheconsumerpriceofhousinginurbanareasoftheUnitedStatesincreasedbyoversixpercentin2023.Thatwasthesecond-largestincreaseonayear-over-yearbasissince2000.Meanwhile,2009wastheonlyyearinwhichhousingpricesdecreased.Oneofthemainreasonsforthatmayhavebeenthesubprimemortgagecrisisof2007.Duringthatperiod,thevalueofnewresidentialconstructionputinplaceintheU.S.stagnated.ReadmoreNote(s):UnitedStates;2000to2023Source(s):BureauofLaborStatisticsCHAPTER
02Single-familyhomesNewsinglefamilyconstructionspendingintheUnitedStatesfrom2005to2023,withforecastsuntil2028(inbillioncurrentU.S.dollars)ValuesinglefamilyconstructionputinplaceU.S.2005-2023withforecaststo202860050040030020010002005
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2028*14Description:Single-familyhousingconstructionintheU.S.fellbynearly62billionU.S.dollarsin2023,butitisexpectedtoincreaseslightlyin2024.Duringthecomingyears,theoverallspendingonnewresidentialconstructionintheUnitedStatesisalsoexpectedtorecoverfromadecreaseinvalueexperiencedin2023and2024.ReadmoreNote(s):UnitedStates;2005to2023;*Forecasts.Source(s):FMICorporationSentimentinthesingle-familyconstructionmarketintheUnitedStatesfromJanuary2000toJuly2024MonthlyhomebuildersentimentintheU.S.2000-2024100908070605040302010015Description:ThesentimentofconstructionfirmsintheU.S.single-familyhousingmarkethasbeennegativesinceSeptember2023,afterimprovingsignificantlybyJuly2023.ThatwasaccordingtoamonthlyindexthatmeasuresthesentimentamonghomebuildersintheUnitedStates.Theindexreflectedanegativemoodinthehousingindustry,asthesentimentwasbelow50percentexceptinMarchandApril2024.AsofJuly2024,theindexstoodat42,stillhigherthanthenegativevalueinlate[...]ReadmoreNote(s):UnitedStates;January2000toJuly2024;NAHBmembers;Indexcanrangefrom0to100,50isamidpointbetweenpositiveandnegativeresponses,withfiguresover50indicatingagenerallypositivesentimeswhereasanindexbelow50isgenerallynegative.Source(s):NationalAssociationofHomeBuilders;WellsFargoVolumeofnewsinglefamilyhomeconstructionstartsintheUnitedStatesfrom1980to2023,withforecastsuntil2025(in1,000s)Single-familyhousingstartsintheU.S.1980-2023,withforecastsuntil20252,0001,8001,6001,4001,2001,000800600400200016Description:IntheUnitedStates,theprojectednumberofsingle-familyhousingunitstartsin2025isestimatedtoincrease.Afterapeakin2021,thenumberofhomeconstructionstartsdecreasedtwoyearsinarow.However,thosefiguresareexpectedtopickbackupinthenextyears.ReadmoreNote(s):UnitedStates;1980to2023;*Forecasts.Source(s):NationalAssociationofRealtors;USCensusBureauAveragesizeoffloorareainnewsingle-familyhousesbuiltforsaleintheUnitedStatesfrom1975to2023(insquarefeet)Sizeoffloorareainnewsingle-familyhomesintheU.S.1975-20233,0002,5002,0001,5001,00050001975
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202317Description:In2023,theaveragesizeofasingle-familyhomebuiltforsaleintheUnitedStatesamountedto2,514squarefeet.AlthoughinthepastfiveyearsAmericanhomeshavebeenshrinking,since1975,theyhavealmostdoubledinsize.Thistrendtowardslargerhomesseemsillogicalgiventhattheaveragesizeoffamilieshasshrunkoverthesameperiod.ReadmoreNote(s):UnitedStates;1975to2023;housesforsaleSource(s):USCensusBureau;USDepartmentofHousingandUrbanDevelopmentLotsupplyindexfornewsingle-familyhousingacross30differentcitiesintheUnitedStatesasof1stquarter2024Lotinventoryfornewhomeconstructionin30citiesintheU.S.2024Indexvalue0102030405060708090SanAntonioAustin8279.3MinneapolisBoise76.373.8SaltLakeCityAtlanta7271.871.5DallasDenverIndianapolisPhoenix69.769.666.6HoustonPortlandSacramento60.354.35218Description:Miami,LosAngeles/OC,andSanDiegohadtheleastspaceisavailablefornewsingle-familyhomeconstructionintheUnitedStatesasofthe1stquarterof2024.SanAntoniowasthecitywiththehighestlotindexvalue,amountingto82,whereavalueof100representsamarketequilibrium.InLosAngeles/OC,thelotsupplyindexamountedtolessthan15.6indexpoints,meaningthatitwasseverelyundersupplied.ReadmoreNote(s):UnitedStates;Q12024;Theindexmeasureshowmuchspacewasavailablefornewsingle-familyhomeconstructionaboveorbelowrelativeequilibriumSource(s):ZondaAverageconstructioncostsforsingle-familyhomesintheUnitedStatesfrom1998to2022(inU.S.dollars)Averageconstructioncostsforsingle-familyhomesintheU.S.1998-2022450400350300250392.2296.8289.4246.5237.8222.5219192.8184.120015010050151.72002124.31998020042007200920112013201520172019202219Description:Theaverageconstructioncostofasingle-familyhomeintheUnitedStateswasabout392,000U.S.dollarsin2022,nearly100,000U.S.dollarsmoreexpensivethanin2019.Thesourcealsoaddsthatinteriorfinishes–whichincludesinsulation,flooring,andappliances–accountedforthelargestshareofcostsat24percent.ReadmoreNote(s):UnitedStates;1998to2022;3,891homebuilders;Thecostcorrespondstotheconstructionoftheaveragesingle-familyhomementionedbytherespondentsinthesurvey.Source(s):NationalAssociationofHomeBuildersDistributionoftheconstructioncostsofsingle-familyhomesintheUnitedStatesfrom2015to2022,byconstructionphaseDistributionofconstructioncostsofsingle-familyhomesintheU.S.2015-2022SiteworkFoundationsFramingExteriorfinishesMajorsystemsrough-insInteriorfinishesFinalstepsOther1%0.9%0.8%0.7%0.6%0.5%0.4%0.3%0.2%0.1%0%201520172019202220Description:Themostexpensivephasesofbuildingasingle-familyhomeintheUnitedStatesduring2022wereframingandinteriorfinishing.Meanwhile,majorsystemrough-inssuchasplumbing,electricallines,andHVACwerethethirdphasewiththehighestconstructioncosts.Theweightofinteriorfinisheswithintheoverallconstructioncostshasdeclinedeveryyearsince2015.ThetotalcostofbuildingahouseintheU.S.increasedsignificantlyinthepastyears.ReadmoreNote(s):UnitedStates;2015to2022;3,891homebuilders;Thecostcorrespondstotheconstructionoftheaveragesingle-familyhomementionedbytherespondentsinthesurvey.Source(s):NationalAssociationofHomeBuildersCHAPTER
03Multi-familyhomesNewmultifamilyconstructionspendingintheUnitedStatesfrom2005to2023,withforecastsuntil2028(inbillioncurrentU.S.dollars)ValueofmultifamilyconstructionputinplaceU.S.2005-2023,withforecaststo20281601401201008060402002005
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2023
2024*
2025*
2026*
2027*
2028*22Description:TheconstructionofmultifamilyhomesintheU.S.isexpectedtofallsharplyin2024and2025.Thiswouldcomeafteraperiodofsignificantgrowthbetween2019and2023.NewresidentialconstructionintheUnitedStatesdecreasedin2023.
ReadmoreNote(s):UnitedStates;2005to2023;*Forecasts.Source(s):FMICorporationVolumeofnewmultifamilyhomeconstructionstartsintheUnitedStatesfrom1980to2023,withforecastsuntil2025(in1,000s)MultifamilyhousestartsintheU.S.1980-2023,withforecastsuntil20257506505504503502501505023Description:IntheUnitedStates,itisexpectedthattherewillbeapproximately142,000multifamilyhousingstartslessin2024thanin2023.However,itisforecastedthatthenumberofconstructionstartsformultifamilyhousingunitswillpickupslightlyin2025,aftertwoyearsoffallingstarts.ReadmoreNote(s):UnitedStates;2000to2023;*Forecasts.Source(s):NationalAssociationofRealtors;USCensusBureauVolumeofmultifamilyhousingunitscompletedintheUnitedStatesfrom1997to2022(in1,000s)VolumeofmultifamilyhousingunitscompletedintheU.S.1997-2022400350300282274264250200150100502302081771631421321281081045301997
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202224Description:ThenumberofmultifamilyhousingunitscompletedintheUnitedStatesfluctuatedbetween1997and2021.In2022,therewereover343,000multifamilyhousingunitsbuiltintheUnitedStates,downfrom274,000in2021.ReadmoreNote(s):UnitedStates;1997to2022Source(s):CBREGroupLeadingmetropolitanareasbyvalueofconstructionstartsofcommercialbuildingsandmultifamilyhousingintheU.S.in2023(inbillionU.S.dollars)Leadingmetroareas'commercialbuildingandhousingconstructionstartsU.S.2023ConstructionstartsinbillionU.S.dollars051015202530NewYork-NorthernNewJersey-LongIsland(NY-NJ-PA)Dallas-FortWorth-Arlington(TX)27.2614.21Miami-FortLauderdale-MiamiBeach(FL)Atlanta-SandySprings-Marietta(GA)Phoenix-Mesa-Scottsdale(AZ)11.59.959.658.798.638.178.09LosAngeles-LongBeach-SantaAna(CA)Houston-Baytown-SugarLand(TX)Washington-Arlington-Alexandria(DC-VA-MD-WV)Chicago-Naperville-Joliet(IL-IN-WI)Boston-Cambridge-Quincy(MA-NH)6.4525Description:NewYork-NorthernNewJersey-LongIslandwasthemetropolitanareaintheUnitedStateswiththemostconstructionstartsin2023.Meanwhile,thevalueofstartsforcommercialbuildingsandmultifamilyhousinginDallas-FortWorth-Arlingtonamountedto14.2billionU.S.dollars.ThethirdmetropolitanareaintherankingwasMiami-FortLauderdale-MiamiBeach,whereconstructionstartswerevaluedataround11.5billionU.S.dollars.ReadmoreNote(s):UnitedStates;2023Source(s):DodgeData&AnalyticsNumberofbedsofstudenthousingconstructiontobedeliveredinselectedcollegesanduniversitiesintheUnitedStatesintheFallof2024NumberofbedsinstudenthousingtobedeliveredincollegesintheU.S.in20243,0002,5002,0001,5001,0005002,8502,4391,8811,6271,5501,3591,2011,1161,0891,0711,0680Universityof
Universityof
Universityof
FloridaStateGeorgeMasonUniversity-Science&TechnologyCampusTexasA&MFloridaUniversityof
Universityof
Pennsylvania
UniversityofWisconsin-MadisonTexasatAustinCincinnatiUniversityUniversity
InternationalUniversityTampaOregonStateGeorgiaUniversity26Description:UniversityofWisconsin-MadisonwasthecollegeintheUnitedStateswithmoststudenthousingtobedeliveredbytheFallof2024.Incollegetowns,universitydormsandpurpose-builtstudenthousingpropertiesdonotalwaysmeetthedemandforstudentaccommodation,whichmakesconventionalapartmentsapopularandpromisingtypeofinvestment.TheUniversityofTexasatAustinisexpectedtohave2,850newbedsforstudenthousingdelivered.
ReadmoreNote(s):UnitedStates;October2023Source(s):AxiometricsCHAPTER
04ResidentialbuildingpermitsPrivatehousingunitauthorizedbypermitsintheUnitedStatesfrom2019to2023,byregion(in1,000s)PrivatehousingbuildingpermitsintheU.S.2019-2023,byregionSouthWestMidwestNortheast2,0001,8001,600164.8227.6156.8220.8140.8195.11,4001,2001,0008006004002000134.8202.1141.2184.8427.1393.5345.3358349.8917.52021909.32022829.92023776.32020710.3201928Description:In2023,roughlymorehousingunitswereauthorizedbybuildingpermitsintheSouthoftheUnitedStatesthanintherestofthecountrycombined.Thatyear,thenumberofhousingconstructionprojectsauthorizedbypermitsdecreasedineveryregionoftheU.S.NortheastandMidwestweretheregionswiththelowestnumberofpermits.ReadmoreNote(s):UnitedStates;2019to2023Source(s):USCensusBureauNewresidentialconstructionpermitsauthorizedintheUnitedStatesin2023,bystate(inunitsper1,000residents)NewhomeconstructionpermitspercapitaintheU.S.2023,bystateNewhomesinunitsper1,000residents012345678910IdahoNorthCarolinaFlorida9.129.128.57SouthCarolinaArizona7.97.86SouthDakotaTexas7.697.627.42UtahColoradoTennesseeNevada6.76.665.785.77GeorgiaDelaware5.5929Description:IdahoandNorthCarolinewerein2023theU.S.stateswiththehighestvolumeofnewresidentialconstruction,withovernineunitsauthorizedper1,000residents.Onaverage,thatyearintheU.S.therewere4.51homesauthorizedper1,000residents.The?mostpopulousstatesintheU.S.tendtohavethehighestdemandforhousing.ReadmoreNote(s):UnitedStates;2023;Unitfiguresarenon-seasonallyadjustedSource(s):USCensusBureauNumberofresidentialbuildingpermitsissuedfornewconstructionintheUnitedStatesfrom2019to2023,bystate(in1,000s)Buildingpermitsforhousingstarts2019-2023,bystate2023232.37193.79111.7698.8563.6258.4348.8147.4642.4739.42022263.01209.96120.7894.1277.5461.5353.3652.6446.0448.3449.0339.72021261.95209.66117.2991.1465.1765.7742.0657.0749.1360.1256.1739.4238.252020224.36162.59105.9375.4153.1358.1638.1149.1441.6546.8444.0634.4534.972019203.32154.71109.3468.6752.5345.4944.4841.0535.0141.9748.9333.4537.08TexasFloridaCaliforniaNorthCarolinaGeorgiaArizonaNewYorkTennesseeSouthCarolinaColoradoWashingtonVirginia37.136.1NewJersey32.8436.9130Description:TexasandFloridawerethestateswithmostresidentialbuildingpermitsissuedin2023,whichamountedtoover190,000.Ontheothersideofthespectrum,AlaskaandRhodeIslandissuedfewerpermitsthananyotherstate.Overall?buildingpermitsfornewresidentialconstructionintheU.S.hasfluctuatedalotinthepastyears.ReadmoreNote(s):UnitedStates;2019to2023Source(s):USCensusBureauNumberofresidentialbuildpermitsissuedfornewprivateconstructionintheUnitedStatesfromJanuary1968toJune2024(in1,000s)BuildingpermitshousingstartsintheU.S.1968-2024,permonth25020015010050031Description:InJune2024,therewerelessbuildingpermitsfornewresidentialconstructionintheUnitedStatesayearearlier.Inlate2022andearly2023,therewasthelowestnumberofbuildingpermitsissuedsincethefirsthalfof2020.Thenumberof?U.S.newhomeconstructionstartshasalsobeenlowerthaninpreviousyears.ReadmoreNote(s):UnitedStates;January1968toJune2024;Thefiguresforthelatestmontharepreliminary.Source(s):USCensusBureauNumberofsinglefamilybuildingpermitsintheUnitedStatesfrom2000to2023(inthousands)NumberofsinglefamilybuildingpermitsintheU.S.2000-20231,8001,6821,6131,6001,4001,2001,0008001,4611,3781,3331,2361,1981,115980979974920855
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202332Description:Therewereapproximately920,000buildingpermitsforsingle-familyhousingunitsgrantedintheUnitedStatesin2023.Thatnumberwaslowerthaninpreviousyears.Unitsincreasedsteadilybetween2011and2021,butthenumbersremainconsiderablylowerthanits2005peakwith1.68millionbuildingpermits.ReadmoreNote(s):UnitedStates;2000to2023Source(s):USCensusBureauNumberofmultifamilybuildingpermitsintheUnitedStatesfrom2000to2023(inthousands)NumberofmultifamilybuildingpermitsintheU.S.2000-2023750650550450350250150502000
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202333Description:In2023,therewereroughly591,000buildingpermitsformultifamilyhousingunitsgrantedintheUnitedStates.Thenumberofhousingauthorizedthatyearwaslowerthanin2022.Thosewere,nevertheless,higherfiguresthanin2020,whentherewere492,000multifamilyhousingpermitsauthorized.Partofthereasonforthoselowfiguresin2020mightbethestartoftheCOVID-19pandemic.Incontrast,therewerenearlyonemillion?buildingpermitsforsingle-familyhousingunits[...]ReadmoreNote(s):UnitedStates;2000to2023Source(s):USCensusBureauNewprivatelyownedhousingunitsauthorizedbybuildingpermitsintheUnitedStatesfrom2010to2023,bystructuresize(in1,000s)BuildingpermitsforprivatehousingintheU.S.2010-2023,bystructuresize1unit2units3to4units5unitsormore2,0001,8001,6001,4001,2001,00080060040020002010201120122013201420152016201720182019202020212022202334Description:MostofthenewhousingpermitsforprivatelyownedprojectsintheUnitedStatesin2023wereeithersingle-familybuildings.Nevertheless,thenumberofpermitsformultifamilyconstructionprojectswith5housingunitsormorehasrisensignificantlyinthepastdecade.ThesouthoftheUnitedStateswastheregionwherethehighestnumberofsingle-familybuildingpermitswereissued.ReadmoreNote(s):UnitedStates;2010to2023Source(s):USCensusBureauCHAPTER
05LeadingcompaniesLeadinghomebuildersintheUnitedStatesin2023,bygrossrevenue(inbillionU.S.dollars)LeadinghomebuildersintheU.S.2023,byrevenueRevenueinbillionU.S.dollars15051020253035LennarCorp.D.R.Horton32.4632.3PulteGroup15.6TollBrothers9.879.31NVRTaylorMorrisonKBHomeMeritageHomesM.D.C.HoldingsClaytonPropertiesGroupM/IHomes7.26.386.064.523.993.913.65TriPointeHomesCenturyCommunitiesAshtonWoodsHomesDreamFindersHomes3.63.63.4936Description:LennarCorp.wasthehomebuilderwiththehighestgrossrevenueintheUnitedStatesin2023.TheFlorida-bas
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