How long does it take to build a single-family home?
Buyers who want to build a new
single-family home need to be patient. On average, the expected wait time until
their new house is move-in ready is about 7.5 months, according to Census
Bureau data. This includes waiting for almost a month for the permit process to
start and then 6.5 months to finish construction.
However, build times vary, particularly if the home is built for
sale or is custom-built. Houses for sale tended to take the shortest amount of
time, averaging 6.9 months in 2017 from permit to completion. Custom-built
homes required the longest time, averaging 12.3 months.
Of the single-family homes built in 2017, about 32 percent were
sold before construction started; 29 percent were sold while under
construction; 11 percent were sold during the month of completion; and 17
percent were sold after completion, according to a National Association of Home
Builders' analysis of the Census data.
Build times can also vary regionally. The New England region
tends to have the longest build times at 10.4 months, followed by the Middle
Atlantic region at 10.3 months, East South Central at 9.4 months, East North
Central at 8.2 months, and the Pacific region at 8.5 months.
The shortest build times tend to be in the South Atlantic
division that includes Florida, where build time averages 6.4 months.
New Home buyers having their home
custom built will need to have a back up plan if they are in a lease or selling
their home.
If you need more information on New
construction homes in our area, please give us a call
Dee Sufnar
850-543-7029 Deneen.Sufnar@floridamoves.com
Platinum Lifestyle
Professionals of Coldwell Banker Residential Real Estate
“We don’t just sell Real Estate…we sell a
Lifestyle!”
PlatinumLifestyleProfessional@gmail.com
www.PlatinumLifestyleProfessionals.com
