2013 marked the beginning of major regional differences in new single-family home construction according to an analysis of the U.S. Census Bureau’s Survey of Construction (SOC) by the National Association of Home Builders.
One of the major findings of the SOC, which analyzes physical and financial characteristics of new single-family homes, was that homes in New England are built on the largest and most expensive lots in the nation, even though they tend to be some of the smallest homes. By contrast, the South sports the most economical homes, due to inexpensive lots, low sale and contract prices per square foot, and fewer basements.
