Builders in states with significant regulatory burdens, impact fees, and potent NIMBY (not in my back yard) opposition will be envious upon seeing that the national average completion time for a single-family house, from authorization to finished construction, is 7.7 months.
The National Association of Home Builders breaks down 2018 Survey of Construction figures from the Census Bureau into construction times for houses built for sale, built by contractor, built by owner, as well as regional breakdowns and time from permit-to-completion within metros and outside metros. Houses built for sale required the shortest time—seven months—while houses built by owners took the longest time at 12.5 months.
Advertisement
Related Stories
New-Home Sales
Mortgage Rates Are Up but New-Home Sales Still Solid in March
Lack of existing home inventory drove a rise in new-home sales, despite higher interest rates in March
Labor + Trade Relations
Who's Earning What in Construction
Workers in construction management roles may earn a higher median wage, but on average, lower-paid occupations have experienced somewhat faster wage growth
Build to Rent
Build-to-Rent Is Booming, Particularly in These Metros
A recent report finds that the Phoenix metro leads with more than 4,000 build-to-rent units completed in 2023, and Texas is the leading state for build-to-rent development
