New data reveals Utah is the state with the most new construction homes being developed.
- Utah is the state with the most new construction homes being developed, with 11.7 new builds per 1,000 residents.
- Idaho and Florida rank second and third respectively.
- Rhode Island is the state with the fewest new builds being built at only 1.27 per 1,000 people.
A new study has revealed the states where new houses are being built the most with Utah taking the top spot.
The data by portlandrealestate.com analyzed U.S. Census data and Statista to determine which states had the most new construction homes being developed per 1,000 residents.
The research found that Utah has the most new homes being built per 1,000 residents at 11.7. This is over double the United States average of 5.23 new builds per 1,000 residents. The average value of a house in Utah is $554,955.
The state with the second highest number of new builds being built is Idaho, where there are 11.43 new homes being built per 1,000 residents. The average value of a typical family home in Idaho currently sits at $427,410.
Florida ranks third with 9.80 new construction homes being built per 1,000 residents. The average value of a house in Florida is $406, 426 – up 22.4% from last year.
South Carolina and Colorado rank fourth and fifth respectively. South Carolina has 9.76 new builds being built per 1,000 residents in the state whilst Colorado has a slightly lower rate of 9.73 new construction homes being built per 1,000 residents.
The state of Oregon ranks 18th out of all 50 states and ranks just below the national average of 5.23 with 5.16 new builds being built per 1,000 Oregon residents.
The states where the most new builds are being developed State Rank Number of new builds per 1,000 people Utah 1 11.7 Idaho 2 11.43 Florida 3 9.8 South Carolina 4 9.76 Colorado 5 9.73 Texas 6 9.01 North Carolina 7 8.99 Arizona 8 8.98 South Dakota 9 8.84 Delaware 10 8.47 At the other end of the scale, Rhode Island has the fewest new builds being built per 1,000 residents at only 1.27 new builds.
Interestingly, 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.
Connecticut has the second lowest rate of new homes being built with 1.29 new builds per 1,000 people whilst 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 rate of development of new builds. West Virginia rounds out the bottom five with 2.07 new builds per 1,000 residents.
The states where the least new builds are being developed State Rank Number of new builds per 1,000 people Rhode Island 1 1.27 Connecticut 2 1.29 Illinois 3 1.55 New York 4 2.02 West Virginia 5 2.07 Alaska 6 2.12 Michigan 7 2.16 Hawaii 8 2.40 Ohio 9 2.58 Mississippi 10 2.71 Commenting on the study, a spokesperson for portlandrealestate.com said: “In 2021, there were 6.9 million houses sold across the US with this number projected to rise to over seven million in 2023. 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.”
