Of the 999,000 single-family homes completed in 2023:
• 2% built for sale in the West were built without air-conditioning.
• 9% of owner-built homes in the South had one and a half or fewer bathrooms and 50% of owner-built homes in the South had two bathrooms.
• 11% had two or less bedrooms and 45% had four or more bedrooms.
• 9% of contractor-built homes in the Northeast are modular.
• 3% of homes in the South had two or more fireplaces.
• 18% had a full or partial basement and 72% had a slab or other type of foundation.
• 25% in the Northeast were built with only a porch and 8% in the Northeast were built with a porch and patio.
• 7% in the Midwest had a one car garage and 31% in the Midwest had a three or more car garage.
• 63% of contractor-built homes in the Northeast were two stories and 9% of contractor-built homes in the Northeast were three stories or more.
The median size of a completed single-family home was 2,233 square feet.
Of the 450,000 multifamily units completed in 2023:
• 38% built for rent had two bedrooms and 10% built for rent had three or more bedrooms.
• 66% in the Northeast had one bathroom and 32% in the Northeast had two or more bathrooms.
• 13% in the Northeast are in an age restricted community.
• 36% were in buildings with three floors and 55% were in buildings with four or more floors.
• 81% built for rent had wood framing and 7% built for rent had steel framing.
• 18% in the Midwest were in buildings with 30 to 49 units and 53% in the Midwest were in buildings with 50 units or more.
• 11% built for sale had a heating system other than a forced-air furnace, heat pump, or steam system or had no heating system at all.
• 24% use gas as the heating fuel and 76% use electricity as the heating fuel.
The median size of multifamily units completed that were built for rent was 998 square feet, while the median of those built for sale was 1,345 square feet.
Of the 450,000 multifamily units completed in 2023:
• 38% built for rent had two bedrooms and 10% built for rent had three or more bedrooms.
• 66% in the Northeast had one bathroom and 32% in the Northeast had two or more bathrooms.
• 13% in the Northeast are in an age restricted community.
• 36% were in buildings with three floors and 55% were in buildings with four or more floors.
• 81% built for rent had wood framing and 7% built for rent had steel framing.
• 18% in the Midwest were in buildings with 30 to 49 units and 53% in the Midwest were in buildings with 50 units or more.
• 11% built for sale had a heating system other than a forced-air furnace, heat pump, or steam system or had no heating system at all.
• 24% use gas as the heating fuel and 76% use electricity as the heating fuel.
The median size of multifamily units completed that were built for rent was 998 square feet, while the median of those built for sale was 1,345 square feet.
Of the 16,000 multifamily buildings completed in 2023:
• 98% built for rent in the Midwest had air conditioning and 2% built for rent in the Midwest did not have air conditioning.
• 34% are one or two floors.
• 16% have parking in the building only.
• 36% in the Northeast had 2 units and 12% in the Northeast had 3 or 4 units.
• 64% in the Northeast are fueled with gas and 34% in the West are fueled with gas.
Of the 666,000 new single-family homes sold in 2023:
• 60% of attached homes in the Midwest did not have a fireplace and 37% of attached homes in the Midwest had only one fireplace.
• 98% in the West have air-conditioning.
• 34% in the Northeast are not in a homeowners’ association.
• 41% of attached homes in the West had stucco as the primary exterior wall material.
• 8% were purchased with cash and 13% were financed with FHA insured loans.
• 85% in the Midwest were heated with gas and 15% in the Midwest were heated with electricity.
• 88% of attached homes in the Midwest were heated with a forced-air furnace and 12% of attached homes in the Midwest were heated with a heat pump.
• 5% do not contain any combination of a patio, porch, nor deck as an outdoor feature.
• 12% of detached homes in the West have a crawl space for the foundation.
• 98% of detached homes in the Midwest are inside a Metropolitan Statistical Area.
The median price of new single-family homes sold in 2023 was $428,600, while the average sales price was $514,000.
The median size of a new single-family home sold in 2023 was 2,286 square feet.
123,000 contractor-built single-family homes were started in 2023.
The median contract price was $400,700.
Note: the estimates shown here are based on sample surveys and are subject to sampling variability as well as nonsampling error.
