https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
Graph and download economic data for New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Chicago-Naperville-Elgin, IL-IN-WI (MSA) (CHIC917BP1FHSA) from Jan 1988 to Apr 2025 about privately owned, Chicago, 1-unit structures, IL, permits, IN, family, buildings, WI, housing, and USA.
In the first quarter of 2025, San Francisco, Chicago, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at 190 U.S. dollars per square foot and Las Vegas for single-family homes between 240 and 480 U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over twice more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over five percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.
Residential building permits in United States were in short demand in 2018, rising only 2.8 percent across the country. Many large cities have reduced the number of residential building permits, such as Chicago, which handed out 22 percent less permits in 2018 than the previous year. Building permits may specifically apply to large housing units with multiple living spaces, to single family houses. Before construction can begin on any new or existing building, a permit must be obtained from the appropriate city council. Building permit numbers have increased significantly in both Houston, Texas and Orlando, Florida metro areas, with 34.5 and 51.5 percent more permits issued in 2018 than 2017, respectively.
Homes are where the heat is
Generally speaking, the construction of new homes can be a good indicator of how local economies are fairing, as it can mean that individuals have acquired enough wealth to own their own home or businesses are expanding. The 2018 residential building permit figures provide some insight into the current demographic of cities, particularly with regards to the job market. For instance, in the „snowbird“state of Florida, 45 percent of new residents in Orlando were between ages 25 and 54, and presumably their careers still play a large role. Orlando-Kissimmee-Sandford metro area is within close range of engineering firms such as Lockheed Martin, as well as new tech companies, which offer higher salaries and better prospects than other industries. Florida unemployment continues to decline and dropped to 3.6 percent in 2018.
Incidentally, cities that tend to be popular for Americans in their early twenties, tend to be the cities that are reducing their number of new residential building permits (Chicago, Illinois; New York, New York; and Los Angeles, California). But this does not mean that these cities are in financial trouble. Chicago’s GDP is steadily growing and unemployment in Illinois was at 4.3 percent in 2018. Bigger and denser cities tend to attract younger groups as they can walk from location to location and remain amongst the excitement that cities have to offer.
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TO4 Task 3.1 - K Hovnanian Chicago, IL
DOE Challenge Home Program Certified
Home Constructed and Verified
Specifications
DOE Challenge Home
Building envelope
Ceiling R-49 blown fiberglass, Grade I
Walls 2x4 framing @ 16 o.c. with R-13 fiberglass batts, Grade I
and 1"" R-5 extruded polystyrene (XPS) insulating sheathing
Frame Floors R-38 blown fiberglass, Grade I
Basement Walls R-19 fiberglass batts draped full height, Grade I
Basement Slab uninsulated
Windows Above Grade: ENERGY STAR certified, U=0.29, SHGC=0.28
Basement: Non ENERGY STAR certified, U=0.29, SHGC=0.24
Infiltration 2 ACH 50
Mechanical systems
Heat 95% AFUE sealed combustion natural gas furnace in conditioned space
Goodman GMH950703BXAF
Cooling 13 SEER split system Goodman GSX130301BC
DHW AO Smith Vertex 100 0.96 EF natural gas tank water heater in 2nd floor utility closet
Hot Water Distribution Redesigned trunk and branch Compliant with EPA WaterSense Efficient Distribution Requirements
Ducts Located 100% in conditioned space via floor joists leak free to outside (5% or less)
Ventilation Central Fan Integrated Supply (CFIS) ventilation with 6"" insulated outside air duct
Fan Controller: Air Cycler FRV, with 6"" motorized damper
50 CFM outside air flow, 33% duty cycle (10 minutes on, 20 minutes off);
ASHRAE 62.2-2010 compliance via an exhaust fan - Panasonic FV-08VQ5 WhisperCeiling
Rerturn Pathways Active Return at Master Bedroom Transfer Grilles in Secondary Bedrooms
Appliances, Lighting, MELs
Lights 80% ENERGY STAR certified CFL
Appliances ENERGY STAR certified refrigerator, dishwasher, and clothes washer; Natural gas range/oven and clothes dryer"
STRUCTURE - Test House Lot 145 - 2013 DOE Challenge Test House Task 3.1 Bolingbrook, IL 60490 House is constructed and is DOE Challenge Verified by Don Nelson, a local rater.
The purpose of this project was to evaluate integrated packages of advanced measures in individual test homes to assess their performance with respect to Building America Program goals, specifically compliance with the DOE Challenge Home Program. To that end, Building Science Corporation (BSC) consulted on the construction of five test houses by three cold climate production builders in three separate U.S. cities. (1) K. Hovnanian Homes, Chicago, Illinois (2) David Weekley Homes, Denver, Colorado (3) Transformations, Inc., Devens, Massachusetts.
Overall, the builders have concluded that the energy related upgrades (either through the prescriptive or performance path) represent reasonable upgrades. The builders commented that while not every improvement in specification was cost effective (as in a reasonable payback period), many were improvements that could improve the marketability of the homes and serve to attract more energy efficiency discerning prospective homeowners. However, the builders did express reservations about the associated checklists and added certifications. An increase in administrative time was observed with all builders. The checklists and certifications also inherently increase cost due to: (1) Adding services to the scope of work for various trades, such as HERS Rater and heating, ventilation, and air conditioning contractor. (2) Increased material costs related to the checklists, especially the U.S. Environmental Protection Agency Indoor airPLUS and WaterSense Efficient Hot Water Distribution requirement.
Ceiling - 18" cellulose
Walls - 12" open cell spray foam in double stud walls
Foundation - R-10 under slab, 3 1/2" closed-cell spray foam at walls
Windows - Harvey U=0.20, SHGC=0.22
Infiltration - 1.0 sq in per 100 sq ft
Heating - Mini split heat pump, 10.6 HSPF, 23 SEER
Cooling - Mini split heat pump, 10.6 HSPF, 23 SEER
DHW - 0.97 EF instantaneous propane water heater
Ventilation - bathroom exhaust fans as basic option, HRV upgrade option
Adams Circle Devens MA 01434 Cavite Street Devens, MA 01434
The American Housing Survey (AHS) collects data on the Nation's housing, including apartments, single-family homes, mobile homes, vacant homes, family composition, income, housing and neighborhood quality, housing costs, equipment, fuels, size of housing unit, and recent movers. National data are collected every other year, from a fixed sample of about 50,000 homes, plus new construction each year. In some metropolitan areas there are additional samples every 4-6 years, to measure local conditions. The 1995 National File includes extra cases to allow separate analyses of 6 Metropolitan Areas: Chicago, Detroit, Los Angeles, New York, Northern NJ, and Philadelphia. The weights have been set to give good data for both National and local studies.
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https://fred.stlouisfed.org/legal/#copyright-public-domainhttps://fred.stlouisfed.org/legal/#copyright-public-domain
Graph and download economic data for New Private Housing Units Authorized by Building Permits: 1-Unit Structures for Chicago-Naperville-Elgin, IL-IN-WI (MSA) (CHIC917BP1FHSA) from Jan 1988 to Apr 2025 about privately owned, Chicago, 1-unit structures, IL, permits, IN, family, buildings, WI, housing, and USA.