The Census Bureau wrote a report stating that the national average for construction time of a home was approximately 7.7 months. This includes a month for authorization and roughly 6.7 months for construction. The Census Bureau stated the purpose of the survey “is to provide current national and regional statistics on starts, completions, and characteristics of new, privately-owned single-family”. There are several factors which determine the construction time of a home. For instance, geographic location and metropolitan status. Also, whether the house is built for sale or custom built plays a role.
HOW LONG IS CONSTRUCTION TIME OF A HOME?
First, the survey found that homes built for sale take the least amount of time. It takes roughly 7 months. Houses built by contractors take 9.4 months. Lastly, homes built by owners requires the longest amount of time at about 12 months. The regions that had the longest construction timelines were the Middle Atlantic, New England, East South Central, Pacific, and East North Central. Therefore, all five of these areas had completion times longer than the national average. On the other hand, the division with the shortest period was the South Atlantic region. In addition, a pattern the Census found was that building homes in non-metropolitan areas takes about one month longer than metropolitan areas.
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