|
U.S.
Real Estate and Construction Industry Overview |
|
|
|
|
|
|
|
Existing
Home Sales |
6.8 |
mil. |
2004 |
NAR |
|
New
Single Family Home Sales |
1.2 |
mil. |
2004 |
Census
|
|
Single
and Multi-family Home Housing Starts |
2.0 |
mil. |
2004 |
Census
|
|
Median
Sales Price of New Single-Family Houses |
221,000 |
US$ |
2004 |
Census
|
|
Average
Sales Price of New Single-Family Houses |
274,500 |
US$ |
2004 |
Census
|
|
Placements
of New Manufactured Homes |
122,300 |
|
2004 |
Census
|
|
Commercial
Real Estate Sales Volume |
181.4 |
bil.
US$ |
2004 |
NAR |
|
Multi-family
Properties Sales Volume |
48.0 |
bil.
US$ |
2004 |
RCA |
|
Office
Building
Sales Volume |
73.5 |
bil.
US$ |
2004 |
RCA |
|
Industrial
Properties Sales Volume |
20.4 |
bil.
US$ |
2004 |
RCA |
|
Retail
Property Sales Volume |
38.5 |
bil.
US$ |
2004 |
RCA |
|
Amount
Spent by Foreign Investors on U.S.
Real Estate |
12.0 |
bil.
US$ |
2004 |
NAR |
|
Estimated
Average Employment in Real Estate |
1.4 |
mil. |
2004 |
BLS |
|
Average
Freddie Mac 1-Year Adjustable Rate Mortgage |
3.82 |
% |
2004 |
Freddie
Mac |
|
Average
Freddie Mac 15-Year Fixed-Rate Mortgage |
5.20 |
% |
2004 |
Freddie
Mac |
|
Average
Freddie Mac 30-Year Fixed-Rate Mortgage |
5.87 |
% |
2004 |
Freddie
Mac |
|
Total
Outstanding Home Mortgage Debt |
8.0 |
tril.
US$ |
2004 |
Federal
Reserve |
|
Total
Outstanding Commercial/Multi-family Mortgage Debt |
2.3 |
tril.
US$ |
2004 |
Federal
Reserve |
|
Homeownership
Rate (% of Households) |
69.0 |
% |
2004 |
Census
|
|
Residential
Rental Vacancy Rate |
10.2 |
% |
2004 |
Census
|
|
Office
Building
Vacancy Rate |
17.4 |
% |
2004 |
MHC |
|
Number
of New and Re-Branded Rooms in Hotels |
165,138 |
rooms |
2004 |
AHLA |
|
Estimated
Average Employment in Construction |
7 |
mil. |
2004 |
BLS |
|
Home
Improvement Market |
263 |
bil.
US$ |
2004 |
Home
Depot |
|
Home
Improvement Services Market |
200 |
bil.
US$ |
2004 |
Home
Depot |
|
Average
Spent on Improving Home in 1st Year of Ownership |
4,900 |
US$ |
2004 |
Home
Depot |
|
%
of Homeowners Who Do Improvement in 1st Year |
52 |
% |
2004 |
Home
Depot |
|
|
|
|
|
|
|
NAR
= National Association of Realtors |
|
RCA
= Real Capital Analytics |
|
MHC
= McGraw-Hill Construction |
|
AHLA
= American Hotel & Lodging Association |
|
NAHB
= National Association of Home Builders |
|
BLS
= U.S.
Bureau of Labor Statistics |
