US CENSUS: New Single-family Homes In 2016

Do you know how many new homes constructed in 2016 had four bedrooms or more? What about the average price of a new home sold in 2016?

Do you know how many new homes constructed in 2016 had four bedrooms or more? What about the average price of a new home sold in 2016?

Below you will find average square foot size, how many bathrooms and even how many people paid cash for their new home.

All estimates are based on sample surveys and are thus subject to sampling variability and nonsampling error.

Highlights of Annual 2016 Characteristics of New Housing

Of the 738,000 single-family homes completed in 2016:

• 686,000 had air-conditioning.
• 71,000 had two bedrooms or less and 336,000 had four bedrooms or more.
• 25,000 had one and one-half bathrooms or less and 273,000 homes had three or more bathrooms.
• 178,000 had stucco as the primary exterior wall material.
• 200,000 had a full or partial basement.
• 61,000 had concrete framing.
• The median size of a completed single-family house was 2,422 square feet.

Of the 321,000 multifamily units completed in 2016:

• 17,000 were age-restricted.
• 9,000 had a fireplace.
• 167,000 were in buildings with four floors or more.
• 213,000 were heated using electricity.
• 134,000 had one bedroom.

The median size of multifamily units built for rent was 1,085 square feet, while the median of those built for sale was 1,706 square feet.

Of the 13,000 multifamily buildings completed in 2016:

• 2,000 had 4 floors or more.
• 12,000 had laundry facilities located in the individual units.
• 4,000 did not have parking in the building or the complex.
• 1,000 had 50 units or more.

Of the 561,000 single-family homes sold in 2016:

• 500,000 were detached homes and 61,000 were attached homes.
• 395,000 were in a community with a homeowners’ association.
• 380,000 had a 2-car garage.
• 129,000 had brick as the primary exterior wall material.
• 396,000 were paid for using conventional financing and 29,000 were paid for in cash.
• The median sales price of new single-family homes sold in 2016 was $316,200, while the average sales price was $372,500.
• The median size of a new single-family home sold was 2,497 square feet.

116,000 contractor-built single-family homes were started in 2016.

• The median contract price was $280,300.

Note: the estimates shown here are based on sample surveys and are subject to sampling variability as well as nonsampling error.