Florida ranks third for many new homes being constructed within the US


A brand new examine has revealed the states the place new homes are being constructed essentially the most throughout the US with Utah taking the highest spot with Idaho and Florida rating second and third, respectively.

The info by portlandrealestate.com analyzed U.S. Census information and Statista to find out which states had essentially the most new development houses being developed per 1,000 residents.

The analysis discovered that Utah has essentially the most new houses being constructed per 1,000 residents at 11.7. That is greater than double the USA common of 5.23 new builds per 1,000 residents. The common worth of a home in Utah is $554,955.

– Commercial –

The state with the second highest variety of new builds being constructed is Idaho, the place there are 11.43 new houses being constructed per 1,000 residents. The common worth of a typical household house in Idaho at the moment sits at $427,410.

Florida ranks third with 9.80 new development houses being constructed per 1,000 residents. The common worth of a home in Florida is $406,426 – up 22.4 p.c from final 12 months.

South Carolina and Colorado rank fourth and fifth, respectively. South Carolina has 9.76 new builds being constructed per 1,000 residents within the state while Colorado has a barely decrease price of 9.73 new development houses being constructed per 1,000 residents.

On the different finish of the size, Rhode Island has the fewest new builds being constructed per 1,000 residents at only one.27 new builds.

Apparently, in relation to the states with the fewest new homes being constructed, many of the states that rank the bottom are primarily based within the east, aside from Hawaii and Alaska.

Connecticut has the second lowest price of recent houses being constructed with 1.29 new builds per 1,000 folks while Illinois ranks third lowest with 1.55 new builds per 1,000.

The state of New York has 2.02 new builds per 1,000, making it the state with the third lowest price of improvement of recent builds. West Virginia rounds out the underside 5 with 2.07 new builds per 1,000 residents.

Commenting on the examine, a spokesperson for portlandrealestate.com mentioned: “In 2021, there have been 6.9 million homes offered throughout the US with this quantity projected to rise to over seven million in 2023. With this in thoughts, this examine presents a revealing perception into the states the place the availability of recent housing is growing the quickest to satisfy the ever growing demand and for any potential consumers, this analysis can function a helpful information as to the place extra property shall be out there within the coming years.”

 



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