U.S. Residential Construction - Statistics & Facts
Interesting statistics
In the following 4 chapters, you will quickly find the 21 most important statistics relating to "U.S. residential construction ".
In the United States, resources, technology and practices are required to conform to local building codes and regulations. For example, construction materials (e.g. bricks, stones, or timber) that are to be used are usually dictated by the materials readily available to an area. Although projected consumption of cement in construction in the U.S. has continued to rise since the economic downturn, wood-framed construction is considered one of the most popular methods of residential construction in all of North America.
Cost of construction may also vary based on site conditions, local regulations, and economies of scale. The Dallas-Fort Worth-Arlington metropolitan area was ranked as having the highest value for new residential construction in 2017. The construction cost for high rise apartments in New York City stood at 3,250 U.S. dollars per square mile in 2018.
In recent years, new technologies and methods of construction intended to improve efficiency, performance and reduce construction waste have continued to emerge. As an example, advances in 3D printing technology—a form of additive building construction similar to additive manufacturing techniques—is now making it possible to flexibly construct small commercial buildings and private habitations within a relatively short amount of time. Under current trends of sustainable construction, revenue generated from the green and sustainable building construction industry has continued to rise steadily.
Residential construction market
Construction expenditures
Residential building permits
Major industry players
Important key figures
The most important key figures provide you with a compact summary of the topic of "U.S. residential construction " and take you straight to the corresponding statistics.
Construction expenditures
- U.S. public residential construction spending6.38bn USD
- New York-Northern New Jersey-Long Island's commercial building and multifamily housing starts16.14m USD
- Projection of U.S. multi-family buildings put in place in 202278.66bn USD
- Projection of U.S. single-family buildings put in place in 2022332.33bn USD
Residential building permits
- Value of new residential construction authorized by building permits in Dallas-Fort Worth-Arlington, TX13bn USD
- Private housing units authorized by building permits in the U.S. Midwest183,900
- Number of U.S. multi-family building permits465,000
- Number of U.S. single-family building permits852,900
