Housing Economics - 12/16/2010 (Plain Text Version)

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In this issue:
HOUSING STARTS RISE 3.9 PERCENT IN NOVEMBER
Housing Market Statistics
Structure of the Home Building Industry
Builders Launch Website to Defend Mortgage Interest Deduction

Structure of the Home Building Industry

The following is an excerpt from the October 7, 2010 report by Robert Denk and Paul Emrath, Ph.D., of the National Association of Home Builders.

Data on the residential construction industry is available from a variety of disparate sources. Many of these sources have released new information recently. This article pulls together key data on the size of businesses from the Economic Census, on the share of business by the largest firms in the industry compiled by Hanley-Wood[1], on firms entering and leaving the industry from the Business Information Tracking Series, and on the ethnicity of home businesses from the Survey of Businesses Owners. Among other points of interests, the data show that

Home building continues to be composed of a large number of small businesses.
The share of homes built by large national builders declined.
Residential construction is a dynamic industry, with firms entering and leaving at a much higher rate than all U.S. firms.
Residential trade contractors contain a particularly large share of Hispanic businesses.

Report available to the public as a courtesy of HousingEconomics.com

Get the full report from HousingEconomics.com.