States Where the Most New Houses Are Being BuiltBy RISMedia Staff
Utah has the most new homes being built per 1,000 residents at 11.7, according to a new report from portlandrealestate.com.
Portlandrealestate.com’s new report analyzed what states have the most new houses being built. The report found that Utah’s numbers are double the U.S. average of 5.23 new builds per 1,000 residents, and the average value of a house in Utah is $554,955. In addition, the report found that when it comes to the states with the fewest new houses being built, most of the states that rank the lowest are based in the east, with the exception of Hawaii and Alaska. Key highlights:
“In 2021, there were 6.9 million houses sold across the US with this number projected to rise to over seven million in 2023,” said a spokesperson from portlandrealestate.com. “With this in mind, this study offers a revealing insight into the states where the supply of new housing is increasing the fastest to meet the ever-increasing demand and for any potential buyers, this research can serve as a useful guide as to where more property will be available in the coming years.” For more information, visit www.portlandrealestate.com. |
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