When building a new home what most people want to know is how much is it going to cost and how long will it take. We discussed how much it will cost in a previous post so now we want to address the other question. We found this great article that will help you determine how long it will take. We hope it helps!
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From the article:
The 2012 Survey of Construction (SOC) from the Census Bureau shows that on average it takes about 7 months from obtaining a building permit to completing a new single-family home. Looking at the houses completed in 2012, houses built for sale, on average, register the shortest time from permits to completion – between 5 and 6 months. Houses built on owner’s land take longer – about 8 months if built by a contractor and more than 11 months if they are owner-built (i.e., where the owner of the land serves as a general contractor). Single-family homes built for rent take, on average, between 8 and 9 months from permits to completion.
In most cases, no time is wasted from the moment a permit is obtained and construction is started. Most homes built for sale and on owners’ land are started prior or within the same month as authorization. Houses built for rent, on average, register a slight delay of one month before construction is started.
The time from permits to completion varies across the nine Census divisions. New England and Middle Atlantic register longer times of between 9 and 10 months. Pacific and East North Central division also show above average time of 8 months to completion. Builders in the East South Central Division manage to complete a home in 7 months, on average. The rest of the country registers times between 5 and 6 months.
Interested in finding out how much a new home will cost to build? Then checkout this article with new home buidling cost that could be of interest to you.
Read the entire article here: http://eyeonhousing.org/2013/10/21/how-long-does-it-take-to-build-a-house/