Housing shortage statistics demonstrate the cities that are still building


Trulia isolated the markets in which building permits for residential construction are being issued at rates above historical averages, which have been calculated by looking at the number of permits issued each year between 1980 and 2016. The study also shows that Austin, Dallas and Houston, issued over 10% of all permits in the nation in 2017.These cities are projected to add about 130,000 new homes by the end of the year, their growth driven by abundant jobs and rising incomes and home prices.



According to the real estate website Trulia, the number of homes available for sale decreased 8.9 percent in the second quarter of 2017 compared to a year earlier, which follows decreases every quarter for the two past years. 

The projected number of new building permits in 2017 grew the most in the following cities:

  1. Austin, TX (+107.7% higher than historical average)
  2. Charleston, SC (+72.8%)
  3. Nashville, TN (+65.8%)
  4. Philadelphia, PA (+62.3%)
  5. Boston, MA (+61%)

Decreasing the most in:

  1. Worcester, MA (-85.5%)
  2. Allentown, PA (-85.0%)
  3. New Haven, CT (-80.8%)
  4. Akron, OH (-77.1%)
  5. Syracuse, NY (-70.8%)
Anastasia Tokmakova via Archinect - News http://ift.tt/2vpCa9x

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