The housing market remains strong despite the past two years of uncertainty. Hers is a look at the top 20 new home markets.
New home builds are on fire in The Lone Star State. Three out of the five largest single-family markets are located in Texas. The list below shows the top 20 metropolitan areas for single-family permits issued between 2011-2020.
The map below shows total single-family permits issued for all 384 metropolitan statistical areas between 2011-2020.
When it comes to multifamily construction, it's no surprise areas with a high population density had the highest number of permits issued in the last 10 years.
The housing crash in 2008 was the low point over the past 20 years but in 2020, according to the U.S. Census Bureau, builders applied for 979,360 single-family permits, which is 134% higher than the 2011 level of 418,498. For multifamily construction, 491,781 permits were issued in 2020. This is 139% higher than in 2011.
