Home Building Construction Times Slow in 2021

The 2021 Survey of Construction (SOC) from the Census Bureau shows that the average completion time of a single-family house is around 8.2 months, which typically includes a little over a month from authorization to start and another 7.1 months to finish the construction.  Moreover, it took approximately 12 days more in 2021 than in 2020, as supply-side challenges persisted… Read More ›