{"id":1929,"date":"2018-07-17T18:56:34","date_gmt":"2018-07-17T18:56:34","guid":{"rendered":"https:\/\/mortgageoriginator.org\/michaeldavis\/?p=1929"},"modified":"2018-07-17T18:56:37","modified_gmt":"2018-07-17T18:56:37","slug":"permit-to-completion-builder-timeline-depends-on-where-and-why","status":"publish","type":"post","link":"https:\/\/mortgageoriginator.org\/michaeldavis\/2018\/07\/17\/permit-to-completion-builder-timeline-depends-on-where-and-why\/","title":{"rendered":"Permit to Completion – Builder Timeline Depends on Where and Why"},"content":{"rendered":"
Despite complaints about labor, lot, and material shortages, builders needed no more time to build a home last year than they did in 2016.\u00a0 The time did increase compared to 2015\u00a0by about two weeks.\u00a0<\/strong>\u00a0Using data from the Census Bureau’s Survey of Construction (SOC), the National Association of Home Builders (NAHB) concludes that the average time to build a single-family house was 7.5 months.\u00a0 The actual building time was about 6.5 months following a typical delay of around 30 days after the permit was authorized.\u00a0 Data from the 2015 survey showed the time from permit to completion at 7 months.<\/div>\n
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The range however is wide, from less than a month to more than 6 years.\u00a0\u00a0Much depends on who is building the house, for what purpose, and where.<\/strong><\/p>\n

<\/a>, writing in NAHB’s Eye on Housing Blog, says that houses built for sale took the shortest time in 2017, 6.9 months from permit to completion while houses built by owners acting as their own general contractors took 12.3 months. Homes built by hired contractors were in the middle at around 9 months. \u00a0Where homes were being built for sale or were custom homes built by contractors on the owner’s land,\u00a0construction typically began within a month after the permit was pulled<\/strong>\u00a0while owners overseeing their own construction had a one-month lag.<\/p>\n

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It took the\u00a0longest to build a home in the New England<\/strong>\u00a0division, 10.4 months, followed closely by the Middle Atlantic at 10.3 months. The East South Central, East North Central, and Pacific divisions also exceeded the 7.5-month national average.\u00a0 The\u00a0shortest period, 6.4 months, was in the South Atlantic<\/strong>\u00a0division.\u00a0 As to permits, the lag before construction started ranged from 17 days in the Mountain division to 39 days in the Pacific.<\/p>\n

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The total building time was considerably shorter inside than outside metropolitan areas, a pattern that held in all census divisions but the West North Central division.\u00a0 Some of the location differences were striking; with construction outside metro areas taking more than a third longer in New England and the Pacific.<\/p>\n

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The SOC also collects sale information for houses built for sale, including the sale date when buyers sign the sale contracts or make a deposit. Looking at single-family homes completed in 2017,\u00a031.6 percent of homes were sold before construction started<\/b>, 28.8 percent while under construction, 11.3 percent within a month of completion, and 16.6 percent sold after completion. The percent of single-family houses completed in 2017 and remaining unsold as of the first quarter of 2018 was 11.6 percent.<\/p>\n

BY:\u00a0JANN SWANSON<\/div>\n
Jul 16 2018, 5:43AM<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Despite complaints about labor, lot, and material shortages, builders needed no more time to build a home last year than they did in 2016.\u00a0 The time did increase compared to 2015\u00a0by about two weeks.\u00a0\u00a0Using data from the Census Bureau’s Survey of Construction (SOC), the National Association of Home Builders (NAHB) concludes that the average time … <\/p>\n

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