Of the 1,019,000 single-family homes completed in 2024:
• 86% built for sale in the Northeast were not in an age-restricted development.
• 14% of owner-built homes were in a homeowners’ association.
• 31% had three bathrooms or more.
• 42% had four or more bedrooms.
• 97% of contractor-built homes in the West were site-built.
• 49% in the Northeast had no fireplace and 4% in the Northeast had two or more fireplaces.
• 53% in the Northeast had a full or partial basement and 8% in the Northeast had a crawl space.
• 93% of owner-built homes had wood framing.
• 94% built for sale in the Midwest had a forced-air furnace and 5% built for sale in the Midwest had a heat pump.
The median size of a completed single-family home was 2,146 square feet.
Of the 608,000 multifamily units completed in 2024:
• 8% in the West did not have air-conditioning.
• 6% built for sale were efficiencies and 32% built for sale had 1 bedroom.
• 68% in the Northeast had one bathroom and 30% in the Northeast had two or more bathrooms.
• 6% in the Midwest are in an age restricted community.
• 5% were in buildings with one to two floors.
• 73% had wood framing and 10% had steel framing.
• 4% in the South have shared laundry facilities.
• 40% built for sale were in buildings with 50 units or more.
• 45% in the Northeast had a heat pump and 9% in the Northeast had hot water or steam for the heating system.
The median size of multifamily units completed that were built for rent was 1,001 square feet, while the median of those built for sale was 1,104 square feet.
Of the 19,000 multifamily buildings completed in 2024:
• 96% have air-conditioning.
• 97% built for rent are site-built.
• 25% are one or two floors and 51% are 3 floors.
• 96% in the West have wood framing.
• 19% have parking in the building only.
• 12% had 10 to 19 units and 21% had 20 to 29 units.
• 53% built for sale are fueled with electricity and 4% built for sale use oil or other types of fuel.
Of the 686,000 new single-family homes sold in 2024:
• 42% of detached homes in the Northeast did not have a fireplace and 3% of detached homes in the Northeast had two fireplaces or more.
• 87% of attached homes in the South have wood framing and 12% of attached homes in the South have concrete framing.
• 29% in the Northeast are attached and 71% in the Northeast are detached.
• 10% in the South have a one car garage and 75% in the South have a two car garage.
• 93% of attached homes in the Northeast had vinyl siding as the primary exterior wall material.
• 7% in the West were purchased with cash.
• 24% of attached homes in the South were heated with gas and 76% of attached homes in the South were heated with electricity.
• 13% of attached homes have a full or partial basement for the foundation.
• 98% of detached homes in the Northeast are inside a Metropolitan Statistical Area.
The median price of new single-family homes sold in 2024 was $420,300, while the average sales price was $514,500.
The median size of a new single-family home sold in 2024 was 2,210 square feet.
127,000 contractor-built single-family homes were started in 2024.
The median contract price was $356,200.
Note: the estimates shown here are based on sample surveys and are subject to sampling variability as well as nonsampling error.
