Why do the new single family houses sold numbers consistently turn out so much lower than the single family houses started or completed?
There are some significant differences in the units measured in those surveys. All new single family residential units are included in the starts and completions figures. This includes units being built for rent, those built by a contractor on an owner’s land, and those built by an owner acting as his/her own contractor. There are also some units being built for condominium or co-op development which meet the definition of single family units. New home sales data include only the units which are built to be sold, where the purchase of the lot is included in the transaction. If there are other questions that you’ve always wanted to ask about our data, but didn’t know where to get answers, let us know. We’ll do our best to get the answer for you, and incorporate your question(s) in the updates of this document. U.S.
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- Why do the new single family houses sold numbers consistently turn out so much lower than the single family houses started or completed?
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