Research Snappy
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News
No Result
View All Result
Research Snappy
No Result
View All Result

US Housing Starts to Increase 1.3% in Unit Terms to 2023

researchsnappy by researchsnappy
November 30, 2019
in Healthcare Research
0
US Housing Starts to Increase 1.3% in Unit Terms to 2023
399
SHARES
2.3k
VIEWS
Share on FacebookShare on Twitter

Improving Consumer Finances and Employment Levels Will Drive New Housing Demand

CLEVELAND, Nov. 29, 2019 /PRNewswire/ — US housing starts are forecast to increase 1.3% annually in unit terms through 2023, according to Housing: United States, a report recently released by Freedonia Focus Reports. Builders will benefit from population growth and household creation, as well as strengthening consumer finances. The fastest growth is expected for manufactured homes. Design enhancements that allow the homes to more closely resemble conventional housing as well as more specialized and value-added features will support demand. In terms of value, expenditures on residential building construction, including improvements, are projected to expand 3.6% per year to 2023. Spending on single-unit structures is expected to outpace gains in multiple-unit structures only marginally.

Freedonia Group logo

More information about the report is available at:
https://www.freedoniafocusreports.com/Housing-United-States-FF60024/?progid=91541 

The US housing stock is forecast to grow nearly 1.0% through 2023. Rapid advances in housing completions will boost the housing stock. Single-unit conventional housing will continue to dominate, with a projected 69% share in 2023. Household formation will spur ongoing gains in housing construction. With higher levels of housing completions in the forecast period than during the 2008-2018 period, a larger share of construction will represent net additions to the stock rather than simply offsetting retirements of older units.

These and other key insights are featured in Housing: United States. This report forecasts to 2023 US housing starts and the housing stock in units, and average floor space per new and existing units in square feet. Each measure is segmented by housing type in terms of:

  • single-unit conventional
  • multiple-unit conventional
  • manufactured

In addition, housing starts and the housing stock, as well as existing home sales, are segmented by region as follows:

  • South
  • Midwest
  • West
  • Northeast

Furthermore, spending on residential building construction in nominal US dollars is forecast to 2023 and is segmented by type as follows:

  • single-unit
  • multiple-unit
  • improvements

To illustrate historical trends, housing starts, the housing stock, existing home sales, average floor space, residential building construction expenditures, the median price of new single-unit conventional homes, interest rates, and the various segments are provided in annual series from 2008 to 2018.

The definition of housing starts differs by type of building. A housing start for a conventional building is counted on the date foundation work begins. For manufactured housing, the date of placement represents a housing start. Modular and precut varieties are not considered manufactured homes; they are conventional homes. As defined by the US Census Bureau, expenditures represent architectural and engineering costs; labor, material, and overhead costs; interest and taxes paid during construction; and contractors’ profits. Improvements include additions, alterations, and major replacements (e.g., heating systems) to existing structures, but exclude maintenance and repairs.

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Building Products reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:

  • total historical market size and industry output
  • segmentation by products and markets
  • identification of market drivers, constraints, and key indicators
  • segment-by-segment outlook in five-year forecasts
  • a survey of the supply base
  • suggested resources for further study

Press Contact:
Corinne Gangloff
+1 440.684.9600
[email protected] 

Cision

View original content to download multimedia:http://www.prnewswire.com/news-releases/us-housing-starts-to-increase-1-3-in-unit-terms-to-2023–300964046.html

SOURCE The Freedonia Group

Previous Post

Companies offering new moms breast milk shipping benefit

Next Post

Hedge Funds Watching Protalix BioTherapeutics Inc. (PLX) From Afar

Next Post
Hedge Funds Watching Protalix BioTherapeutics Inc. (PLX) From Afar

Hedge Funds Watching Protalix BioTherapeutics Inc. (PLX) From Afar

Research Snappy

Category

  • Advertising Research
  • Consumer Research
  • Data Analysis
  • Healthcare Research
  • Investment Research
  • News

Two UAB professors receive nearly $1.3 million in grant funding – News

Freedonia Analyst Weighs in on Platinum Equity’s Purchase of Cabinetworks

Maternal exposure to chemicals lead to autistic behaviours

  • Privacy Policy
  • Terms of Use
  • Antispam
  • DMCA
  • Contact Us

© 2021 researchsnappy.com

No Result
View All Result
  • Market Research Forum
  • Investment Research
  • Consumer Research
  • More
    • Advertising Research
    • Healthcare Research
    • Data Analysis
    • Top Companies
    • Latest News

© 2021 researchsnappy.com