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The United States of New Home Construction

The United States of NEW HOME CONSTRUCTION Single unit housing represents 634,597 of the total 1,046,363 permits issued in the United States in 2014. Homes in the U.S. are selling at the highest rate since February 2007. Median home prices climbed 6.5 percent over the past 12 months. Let's take a look at each state's new home construction numbers: STATE-BY-STATE NH 3.4k HIGH VT 1.5k LOW ME 3.2k WA 33.9k 14.4k MO 3.9k ND 12.1k NY 36.3k OR 16.6k MN 16.9k WI 14.6k 15.9k RI 952 ст 5.3k ID 8.8k SD 4.7k WY 1.9k IA 10.2k PA 25k VID NJ 28.2k D.C DE ОН NE 7.6k IN NV 13k IL 7.8K 19.8k UT 17.5k 20.5k 2.6 VA CO 28.7k KỲ • 9.5k 28.7k NC 49.9k SC CA 83.6k KS 7.4k MO 16k 4.1k 5.1k AZ 26.9k NM 4.8k Ок 14.1k AR 7.6k TN 27.6k MS GAY.5k AL TX 166.9k 6.8k 13.3k 39.4k LA 15.2k HI 3k AK 1.5k *Map includes number of new home permits issued in each state TOP STATES FOR NEW HOME CONSTRUCTION New home permits in Florida are on the rise, adding 53,474 in the first 6 months of 2015. In Northeast Florida, permits have even hit an eight-year high. FLORIDA California's 50,711 permits in 2015's first six months made it the nation's fourth busiest CALIFORNIA state for units planned. TEKAS 85,474 units permitted in the first half of 2015 for Texas. One builder went as far as to say that he could build more houses, but there weren't enough skilled tradesmen to hire. North Carolina's high reputation has continuously been growing with 3 million NORTH CAROLINA new North Carolina residents over the past 25 years. Although the cost of living in Virginia is higher than average, so are the salaries and school district ratings. Known has "the best state in America" by The Washington Post, there's no wonder why Virginia is becoming more popular each year. VIRGINA New home building is projected to grow during 2015 at a rate of 25-28% DEMOGRAPHICS FINEN ONE BUILDERS GENERATION 9% The Silent Generation 30% (1920's-1940's) Generation X & Baby Boomers BY RELATIONSHIP STATUS 54% Married couples 11% Single males 2% Other 15% 18% Unmarried couples Single females BY RACE 78% 8% White/Caucasian Latinos 3% Other 8% 7% African American Asian/Pacific Islanders B OUTLOOK FOR HOME CONSTRUCTION JOB In general, construction labor jobs are expected to grow by 25% between 2015 and 2022 (325,200 jobs), far outpacing the average growth rate for all other occupations. Job Demand Growth (between 2015 and 2022). 25 20 24% 15 16% 10 12% 5 Construction Construction Carpenters & Building Inspectors Managers Coyne COLLEGE Sources: www.economistsoutlook.blogs.realtor.org/2015/01/21/how-are-first-time-homebuyers-becoming-more-diverse/ www.realtor.org/sites/default/files/reports/2014/2014-home-buyer-and-seller-generational-trends-report-full.pdf www.census.gov/construction/bps/txt/tb2u2014.txt blogs.cfainstitute.org/investor/2014/09/03/multifamily-housing-is-booming-and-it-doesnt-look-like-a-bubble/ www.bls.gov/ooh/construction-and-extraction/construction-laborers-and-helpers.htm www.bls.gov/ooh/construction-and-extraction/construction-and-building-inspectors.htm www.bls.gov/ooh/management/construction-managers.htm http://www.bls.gov/ooh/construction-and-extraction/carpenters.htm http://www.onlyinyourstate.com/north-carolina/20-reasons-to-move-to-nc/ http://www.onlyinyourstate.com/virginia/20-reasons-to-live-in-val L: 84.1k Percentage

The United States of New Home Construction

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New home construction in the United States is growling. Coyne College has put together a useful infograhpic that covers the top states for new home construction, the demographics of new home builders ...

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