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17% of NAHB Builders Built Age-Restricted Housing in 2024

Eric Lynch2025-10-02T08:19:50-05:00

Only 17% of NAHB builder members build age-restricted housing for people age 55 or older, according to 2024 Member Census. This is up two percentage points from the previous year. However, this share has remained within a narrow band (15%-17%) since the question was added to the member census in 2009. The likelihood of building age-restricted housing generally increases with the size of the company. Among builders with 25 or fewer starts in 2024, only 16% to 17% build this type of housing, compared to 36% among those with 100+ starts. Across business activities, multifamily builders are significantly more likely to build for the 55+ population (44%) than single-family builders (19%) or manufacturers of modular/panelized/log homes (32%). The median age of the U.S. population continues to increase, inching closer to 40. With more than 30% of the U.S. population over the age of 55, this growing demographic group will remain a significant segment of the market for years to come. In 2024, 43,000 housing units were started in age-restricted communities, but this is down 16% from the previous year. For the existing housing stock, aging-in-place remodeling work is a way to satisfy the demands of an older population looking to remain in their homes longer. For more details about NAHB builder members, please visit housingeconomics.com or click here for the full article. Discover more from Eye On Housing Subscribe to get the latest posts sent to your email.

17% of NAHB Builders Built Age-Restricted Housing in 2024Eric Lynch2025-10-02T08:19:50-05:00

Who are NAHB Associate Members?

Eric Lynch2025-09-19T08:19:23-05:00

Every year since 2008, the NAHB has conducted a member census in order to better understand the composition and characteristics of the people who belong to its organization. Similar to a previous post about builder members, NAHB conducted a related analysis of its associate members. In 2024, 65% of NAHB’s members were associate members—those involved in a wide range of support industries and professions including, among others, trade contractors, manufacturers, retailers/distributors, designers, and architects. Of the 71,170 associate members, 42% are primarily subcontractor/specialty trade contractors, 12% have a professional specialty, 10% are in financial services, 9% are retail dealerships or distributorships, 5% are wholesale dealerships or distributorships, and the remaining 18% have some other type of primary activity. In 2024, associate members had a median of 12 employees on payroll, which has been unchanged since 2022. Twenty-three percent of associate members had 1-4 employees, 19% had 5 to 9, 37% (plurality) had 10 to 49, and 19% had 50 or more employees. Two percent had no payroll at all. The median revenue of NAHB associate members was $3.02 million in 2024, a slight increase from $3.00 million in 2023 and the highest in the 17-year history of the Census. In 2024, the median age of NAHB associate members was 56 which has remained constant since 2022. Four percent of associate members were less than 35 years old, 16% were 35 to 44, 25% were 45 to 54, 34% (plurality) were 55 to 64, and 20% were 65 or older. The share of associate members who identify as female stands at 25%, up one percentage point from 2023. For more details about NAHB associate members and a profile of each type of member, please visit housingeconomics.com or click here for the full article. Discover more from Eye On Housing Subscribe to get the latest posts sent to your email.

Who are NAHB Associate Members?Eric Lynch2025-09-19T08:19:23-05:00

Who Are NAHB Remodelers?

Eric Lynch2025-09-09T08:27:07-05:00

Twenty-one percent of NAHB builder members listed residential remodeling as their primary business activity, according to the 2024 Member Census. These remodelers tend to be relatively small companies, with a median of five employees, $1.7 million in median revenue, and 15 remodeling jobs completed over $10,000. Dollar Volume of Business Activity in 2024 Over 80% of remodelers earned less than $5 million in 2024: 24% reported a dollar volume of less than $500,000, 18% reported between $500,000 and $999,999, 44% (plurality) between $1.0 and $4.9 million, 9% between $5.0 and $9.9 million, 2% between $10.0 million and $14.9 million, and another 2% reported $15.0 million or more. The median annual revenue for residential remodelers in 2024 was $1.7 million. For comparison, the Small Business Administration’s size standards classify residential remodelers as small if they have average annual receipts of $45.0 million or less. Number of Residential Remodeling Jobs >$10,000 Completed in 2024 The typical residential remodeler completed 15 jobs costing more than $10,000 in 2024. Twenty percent completed 1 to 5 jobs of this size, 19% did 6 to 10, 25% did 11 to 25, another 25% did 26 to 99, and 7% completed 100 or more jobs costing more than $10,000. More than half of remodelers are secondarily engaged in single-family home building. The typical residential remodeler started one housing unit and had five employees on payroll in 2024. For more details about NAHB builder members containing this profile of remodelers, please visit housingeconomics.com or click here for the full article. Discover more from Eye On Housing Subscribe to get the latest posts sent to your email.

Who Are NAHB Remodelers?Eric Lynch2025-09-09T08:27:07-05:00

Who Are NAHB’s Builder Members?

Eric Lynch2025-08-26T08:15:19-05:00

The National Association of Home Builders (NAHB) conducts an annual member census to better understand the composition and characteristics of the people who belong to its organization. In 2024, 35% of NAHB’s membership was comprised of builder members—single-family and multifamily builders, residential and commercial remodelers, commercial builders, land developers, and manufacturers of modular/panelized/log homes. The remaining 65% were associate members—those involved in support industry and professions, such as trade contractors, manufacturers, retailers/distributors, designers, and architects. Number of Housing Starts in 2024 The typical builder runs a small business. The median number of homes started by NAHB builders in 2024 was six. This figure has remained unchanged since 2021. Ten percent started one unit, 21% (the plurality) started two or three units, 11% started four or four units, 14% started six to ten, 13% started 11 to 25, 12% started 26 to 99, 7% started 100 to 499, and 4% started 500 homes or more. Eight percent indicated that they did not start any homes in 2024. Median Revenue of Builder Members in 2024 Most builders earned less than $5 million in total revenue in 2024: 13% reported a dollar volume of less than $500,000, 12% reported between $500,000 and $999,999, 35% (plurality) between $1.0 and $4.9 million, 15% between $5.0 and $9.9 million, 7% between $10.0 million and $14.9 million, and 16% reported $15.0 million or more. The median revenue edged up to $3.7 million, up 8% from 2023. For comparison, the Small Business Administration’s size standards classify residential builders and remodelers as small if they have average annual receipts of $45.0 million or less ($34.0 million or less for land developers). Median Number of Employees in 2024 The typical builder member had six employees on payroll in 2024, unchanged from 2023. Due to their status as small businesses and extensive use of subcontractors, many builders carry relatively few employees on their payrolls. For more detail on the 2024 NAHB Builder Member Census, including a profile for each of the seven major categories of builder, please see the August 2025 Special Study. Discover more from Eye On Housing Subscribe to get the latest posts sent to your email.

Who Are NAHB’s Builder Members?Eric Lynch2025-08-26T08:15:19-05:00

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