Parking Developments in Newly Accomplished Single-Household Properties, 2024 – Eye On Housing

In 2024, 65% of newly accomplished single-family houses featured two-car garages, in keeping with NAHB’s evaluation of the Census’s Survey of Development information. The share of recent houses with three or extra automobile garages stood at 15%, persevering with a downward development from its peak of 24% in 2015 and lowering 2 share factors from 2023. Then again, one-car garages, which have been steadily rising lately, reached 9% – their highest share in three many years. Shares of houses with carports and houses with none parking facility remained regular, accounting for 1% and 9% of completions, respectively. 

The 2024 information additionally present notable variations in parking facility shares throughout Census divisions. Two-car garages led in each area however ranged from 54% of completions within the East North Central to 72% within the West South Central. Three or extra automobile garages have been commonest within the West North Central (33%), adopted by the East North Central (28%) and Mountain (27%) divisions, however accounted for less than 4% of completions in New England. One-car garages have been most prevalent within the Center Atlantic (19%) and South Atlantic (14%), in contrast with underneath 5% in a number of Midwest and Mountain divisions. “Different” parking choices, together with carports and off-street parking, reached their highest share within the East South Central (17%) and New England (14%), whereas making up solely 5% within the West North Central. These figures illustrate how the second-most frequent parking sort after two-car garages varies significantly relying on the scale and density of the area.

Storage dimension additionally tended to develop with the home. Smaller houses – underneath 1,200 sq. toes – have been probably to come back with “different” parking choices, making up 70% of completions in that dimension class.  One-car garages have been commonest in houses between 1,200 and 1,599 sq. toes, at 20%. Two-car garages have been the main alternative for houses between 1,200 and 4,999 sq. toes, with their share peaking at 82% for houses between 2,000 and a pair of,399 sq. toes.  Among the many largest houses – these exceeding 5,000 sq. toes – three or extra automobile garages have been probably the most prevalent choice, comprising 70% of completions.

Taken collectively, the 2024 figures present that the two-car storage stays the commonest parking choice for brand spanking new single-family development. Additionally they spotlight the place shifts in shares have occurred. Bigger garages, akin to these with three or extra areas, have been steadily dropping floor, whereas smaller one-car garages have inched upward to their highest share in many years.