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Real Estate & Construction Overview

 

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Real Estate and Construction Industry Overview
Quantity Unit Date Source
Existing Home Sales, U.S.* 5.03 Million 2007* NAR
New Single Family Home Sales, U.S. 775 Thousand 2007 Census
New Single Family Homes For Sales, U.S., End of Period 495 Thousand 2007 Census
Single and Multi-family Home Housing Starts (Private), U.S. 1,046 Thousand 2007 Census
Median Sales Price of New Single-Family Houses Sold, U.S. 246,900 US$ 2007 Census
Average Sales Price of New Single-Family Houses Sold, U.S. 311,600 US$ 2007 Census
Median Existing Home Sales Price, U.S.* 219,000 US$ 2006* NAR
Size of Average Newly Built Home, U.S. 2,495 Sq. Ft. 2006 NAHB
Placements of New Manufactured Homes, U.S. 94,500 Units 2007 Census
Commercial Real Estate Sales Volume, U.S.: 6 Months Preceding April 2007
Office Building Sales Volume 46.4 Bil. US$ Apr-08 RCA
Hotels Sales Volume 45.1 Bil. US$ Apr-08 RCA
Apartments Sales Volume 28.6 Bil. US$ Apr-08 RCA
Retail Property Sales Volume 17.6 Bil. US$ Apr-08 RCA
Industrial Properties Sales Volume 17.2 Bil. US$ Apr-08 RCA
Development Site 10.0 Bil. US$ Apr-08 RCA
Value of U.S. Construction Put into Place*
Residential Construction Put in Place 456.9 Bil. US$ 2007* Census
Non-Residential Construction Put in Place 369.7 Bil. US$ 2007* Census
Private Construction Put in Place 826.6 Bil. US$ 2007* Census
Public Construction Put in Place 294.9 Bil. US$ 2007* Census
Total Construction Put in Place 1.12 Tril. US$ 2007* Census
Amount Spent by Foreign Investors on U.S. Real Estate 43.3 Bil. US$ 2006 NAR
Average 1-Year Adjustable Rate Mortgage 5.10 % Apr-08 Freddie Mac
Average 15-Year Fixed-Rate Mortgage 5.40 % Apr-08 Freddie Mac
Average 30-Year Fixed-Rate Mortgage 5.88 % Apr-08 Freddie Mac
Total Outstanding Mortgage Debt, U.S. 14.6 Tril. US$ 2007 Federal Reserve
Total Outstanding Commercial Mortgage Debt, U.S. 2.5 Tril. US$ 2007 Federal Reserve
Homeownership Rate (% of Households), U.S. 68.1 % 2007 Census
Residential Rental Vacancy Rate, End of Year, U.S. 9.7 % 2007 Census
Estimated Construction Industry Employment (NAICS 23), U.S. 7.6 Million 2007 BLS
Estimated Real Estate Industry Employment (NAICS 531), U.S. 1.5 Million 2007 BLS
Hotel Industry Revenue, U.S. 133.4 Bil. US$ 2006 AH&LA
* Seasonally Adjusted Annual Rate; 12 Months March 1 2007 through February 29, 2008.
** Not Including Alaska, Hawaii and D.C.
Census = U.S. Census Bureau NAR = National Association of Realtors
RCA = Real Capital Analytics NAHB = National Association of Home Builders
BLS = U.S. Bureau of Labor Statistics AH&LA = American Hotel & Lodging Association
Plunkett's Real Estate & Construction Industry Almanac 2008
Copyright © 2008, All Rights Reserved

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