NBN Online for the week of February 9, 2009

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In This Issue:

Front Page
Public Backs $15,000 Tax Credit in Economic Stimulus Bill
Home Improvements Weak, But Future Holds Opportunity
Florida Builder Wins ‘Amazing’ Obama Inauguration Trip
Coast to Coast
U.S. Housing Market May Bottom in 2009, Zandi Says
housing forum
Letters to the Editor: Find Me a Bank That's Seriously Lending
Politics & Government
Legislative Conference Comes at Crucial Time for Economy
Missouri Enables Tax Credit to Be Used for Downpayments
Despite Price Declines, Metal Thefts Continue to Hit Home Builders Hard
Economics & Finance
Useful Links to Monitor Economic and Housing Trends
surviving the downturn
Business Plans, Working Capital Crucial in Lean Times
NAHB Members to Get Free Business Survival Tips
Tips
Builders’ Tip: Strain Paint for Touch-Ups, Without the Mess
construction safety
Cost of OSHA Crane Proposal Could Topple Businesses
Safety Award Winners Honored at IBS
codes and standards
FEMA Revises Bulletins on Building in Flood Hazard Areas
sales and marketing
Social Media Are the Future of Marketing New Homes
Multifamily
Credit Crisis Threatens to Put Rental Housing in Short Supply
Multifamily Amenities on the Rise as Unit Size Shrinks
New Data Confirm Low Number of Children in Multifamily Homes
Building Systems
Log Home Council Celebrates New Lincoln Log Cabin Penny
2009 BSC Chair Weber to Promote Advantages of Building Systems
Education
Boost Business, Skills During National Designation Month
New NAHB Consumer Brochures Tout Value of Designations
Four IBS Attendees Win ‘Tools’ at University of Housing Booth
Education Calendar
Green Building
Atlantic City Builders Convention Focusing on Green
Legal
Legal Action Grants Support Wetlands, Density Cases
hbi
Loring Job Corps Graduate Wins Wiseman Award
Job Corps Landscaping Student Receives President’s Award
Building Products
Fire Sprinklers Raise Need for Moisture-Resistant Products
TV
NAHB-Produced Programs on DIY, Fine Living and HGTV
Endowment
Lee Evans Scholarship Fund Awards $58,000 to 16 Students
Association News
Habitat Founder Millard Fuller Buried at Koinonia Farm
Protect Your Customers' Credit Card Information
Drive Away With a Shiny New $500 GM Offer
NAHB Members Can Save Big on FedEx Shipping Services
NAHB Members Can Get 10% Off Stays With Wyndham Hotel Group
Calendar of Events
NAHB Career Center

Related Articles

Credit Crisis Threatens to Put Rental Housing in Short Supply

Multifamily Amenities on the Rise as Unit Size Shrinks

New Data Confirm Low Number of Children in Multifamily Homes

A new report from NAHB researchers confirms that there are considerably fewer children per unit in multifamily housing than in single-family detached homes.

There are 32.6 school-age children per 100 households in multifamily structures, compared to 58.8 in single-family detached homes, 42.9 in single-family attached homes and 50.2 in manufactured housing units, the study found.

“A traditional explanation for the differences is that families with children have a preference toward homes with backyards that the children can play in,” the researchers said.

The report follows up on results published in NAHB’s Multifamily Market Outlook in 2004 that were based on the HUD/Census Bureau American Housing Survey, which is published every other year. The latest research was derived from data in the Census Bureau’s American Community Survey, which comes out every year.

Among other findings in the recent study:

  • Among multifamily buildings, larger apartment buildings tend to have fewer school-age children on average than small, garden-style apartments. There are about 43.1 school-age children per 100 households in structures with two to four units, compared to 33.1 in multifamily structures with five to 19 units and 20.8 in structures with 20 or more units.

  • Renters have more children than owners, but the magnitude of the difference variers by structure type. In multifamily buildings with two to four units, there are 45.1 school-age children per 100 renter households and only 34.9 per 100 owner households. In multifamily buildings with five to 19 units, the numbers are 35.4 per 100 renter households versus 14.3 per 100 owner households. Fewer school-age children are found in buildings with 20 or more units. A similar pattern occurs in other structural types such as single-family detached, single-family attached and manufactured housing.

  • In multifamily structures, households that stay put tend to have more school-age children than households that have recently moved in. This is not true for other structure types, however. Recent movers into single-family detached homes have, on average, 67.9 school-age children per 100, which is much larger than the 57.9 per 100 non-movers in single-family detached homes.

  • The highest number of children per 100 households is 90.8, which is found among households that have recently moved into newly constructed single-family detached rental units. The lowest number is 3.2 for newly constructed condominiums with 20 or more units.


The findings are especially relevant to making projections for education budgets. Across all local governments in the U.S., the expenditure on public education is about $433 billion — far more than other major categories such as social services, utilities, public safety and transportation.

“When local governments make plans for new residential development, it is important that they take these factors into consideration when estimating the impact on their education budgets,” the report says.

“To get a complete picture of the budgetary impacts, local governments should also take the benefits of new construction — including income and jobs for local residents, as well as increased taxes and other forms of government revenue — into account," the researchers say.

Estimates of these local economic benefits for general multifamily housing in a typical metropolitan area were last published in the October 2005 issue of Multifamily Market Outlook. Estimates of the benefits of tax-credit multifamily development were last published in the October 2007 issue.

For more information, e-mail Paul Emrath at NAHB, or call him at 800-368-5242 x8449.


 

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