Patios Continue to Substitute for Decks on New Homes

2022-11-14T08:18:25-06:00

As a previous post has shown, the share of new homes with patios increased for the sixth year in a row in 2021, to a post-2004 high of 63.0 percent  At the same time, the share with decks was trending in the opposite direction, declining for the fifth year in a row to a post-2004 low.  Of the roughly 1.1 million single-family homes started in 2021, only 17.5 percent included decks, according to NAHB tabulation of data from the Survey of Construction (SOC, conducted by the U.S. Census Bureau and partially funded by HUD).  As noted above, this is the lowest the new home deck percentage has been since the 2005 re-design of the SOC and indicates that, over time, patios and decks have functioned as substitutes for each other. The 2021 SOC data also indicate that decks and patios tend to function as substitutes for each other geographically.  Across the nine Census divisions, the correlation between the percentages of new homes with decks and patios was  -.81.  The share of new homes with decks was at its lowest in the West South Central and South Atlantic divisions (7 and 13 percent, respectively), the same two divisions where the share of new homes with patios was at its highest (over 70 percent). Decks on new homes nevertheless remain relatively popular in certain parts of the country.  For example, over 60 percent of new homes in New England came with decks in 2021, followed by 47 percent in the West North Central and 41 percent in the Middle Atlantic.  The New England and Middle Atlantic divisions are also the two divisions where patios on new homes are least common.  The West North Central, however, stands out as the one division where the shares of new homes with decks and patios are both reasonably high (around 45 percent), providing the best evidence that the negative correlation between decks and patios, while quite strong at -.81, is not perfect. The SOC data provide information about the number of new homes with decks, but not much detail beyond that.  However, considerable information about the type of decks on new homes is available from the Annual Builder Practices Survey (BPS) conducted by Home Innovation Research Labs. For the U.S. as a whole, the 2022 BPS report (based on homes built in 2021) shows that the average size of a deck on a new single-family home is 296 square feet.  Across Census divisions, the average deck size ranges from a low of about 253 square feet in the West North Central and South Atlantic divisions to 456 square feet in the West South Central. The latest BPS also shows that composite (a mixture of usually recycled wood fibers and plastic) has moved ahead of treated wood as the material used most often in new home decks. Related ‹ Inflation Shifts to Slowest Pace Since JanuaryTags: BPS, builder practices survey, composite, decks, economics, home building, housing, patios, SOC, survey of construction

Patios Continue to Substitute for Decks on New Homes2022-11-14T08:18:25-06:00

Number of Bathrooms in New Homes in 2021

2022-11-03T09:16:50-05:00

By Jesse Wade on November 3, 2022 • The Census Bureau’s latest Survey of Construction (SOC) shows slight changes in the number of full and half bathrooms for new single-family homes started in 2021 compared to 2020. The current data shows that 3.1% of new single-family homes started had one full bathroom or less, 62.6% had 2 full bathrooms, 27.0% had 3 full bathrooms and 7.3% had 4 or more full bathrooms. Figure 1 shows how the share of new single-family home starts by full bathrooms has changed dating back to 2005. The shares of new single-family homes with 1 or less full bathroom, 3 full bathrooms, and 4 or more full bathrooms all increased from 2020 while the share of new single-family homes with 2 full bathrooms decreased. As expected, homes with 2 full bathrooms continues to have the highest share of new single-family home starts. This share has fluctuated between 69.9% and 59.3% of all new starts since with the lowest level of 59.3% in 2015. Larger homes continue to feature more full bathrooms when compared to smaller homes. 93.8% of new single-family home starts that were 5,000 square feet or more had 3 or more full bathrooms. When comparing this to new single-family homes between 2400-2999 square feet, only 44.1% of homes had 3 or more bathrooms while 55.9% had 2 or fewer full bathrooms. This is consistent with the idea that smaller homes have fewer full bathrooms. Figure 2 shows the share of new single-family homes started in 2021 with 2 full bathrooms by census division. The share of new single-family home starts with 2 full bathrooms varies across the United States. The East North Central census division comes in with the highest share at 70.3% of new single-family home starts having 2 bathrooms. The lowest census division is the West North Central having a share of 54.0% having 2 bathrooms. In 2021, a majority of new single-family homes (53.7%) had no half-bathrooms while 44.5% of the homes had 1 half-bathroom. New single-family homes with 2 or more half-bathrooms had a share of 1.7% in 2021. Related ‹ An End to Large Rate Hikes from the Fed?Tags: bathrooms, new homes, Single-Family homes, SOC, survey of construction

Number of Bathrooms in New Homes in 20212022-11-03T09:16:50-05:00

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