Construction Surging in the South
John Burns
Working with a great team to solve today to help you navigate to a better tomorrow.
New home construction is surging almost everywhere except California. Check out this ranking of the 20 largest housing markets in the country:
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At 27K single-family permits over the last year, Houston is the largest market in the country and more than double the size of Dallas, which comes in at #2. Phoenix, at #3, has issued 63% more SF permits over the last year than the prior year, and is on pace to catch Dallas before yearend.
Construction is actually down in California over the last year, and no California markets are in the top 20. California's housing recovery is going to be driven by lack of supply, rather than strong demand.
Read more about these markets in our Building Market Intelligence newsletter Construction Activity Thriving in Texas and the Southeast.
Scott
12 年New construction is almost non-existent in my area. What I am finding most is that people with little money are buying up the homes people were forced out of at next to nothing and remodeling and sitting on them as an investment. I am looking into pursuing this path. What are your thoughts on this trend on a financial and moral aspect? Respectfully Scott Gordon
Construction Professional
12 年Builder Bob says- Not accurate in northeast FL- can't even find enough work to sustain "life". Send some our way! Thanks.
Chief Executive Officer @ ISCO MACHINERY | Leadership, Partnership, Visionary, Action Leading, …
12 年Good to see the Las Vegas market is rebounding!
Expeditor & Marketing at Priority Permit
12 年That's very encouraging since I`m a Permit Expeditor. However, I see no housing stats in Miami, Fl. Can you send me a forecast. [email protected]
General Contractor @ truline, Inc.
12 年It seems i am viewing more activity than is being reported on by the media. As bad as things still are, it does seem to be some activity starting to happen which is definitely a good thing. We are set up to do eco-friendly white roofs and need more sales people as we have laborers wanting more work.