If you have lived in Southern Nevada for any length of time, you know how fast this area has grown over the past three decades. Apparently, we’re still growing yet, as more and more people move here. Therefore, the demand for new houses continues, even after the COVID-19 pandemic slowed growth. Now, in a recent study, we find that Nevada still ranks in the top seven for states with the most new homes built since 2010.
New Homes Built Since 2010: Nevada Ranks In Top 7
The folks at RubyHome Luxury Real Estate recently began digging into the data provided by the U.S. Census Bureau. Specifically, they are looking at the 2022 American Community Survey for the purposes of this study. In general, the numbers show that there are over 131 million occupied households in the U.S. Of those, more than 15.7 million houses were built since 2010.
Furthermore, those figures identify the fact that close to 12% of all occupied houses in our nation are newly built homes between 2010 and 2022. According to information provided by RubyHome.com, 23 states across the country surpassed that national average of 12% for new-build homes. In fact, some states report that one in five occupied houses have been constructed since 2010.
Which Regions Performed Well; Which Regions Did Not
Overall, southern, and western states seem to enjoy the most newly built homes since 2010. Five of the top 10 states in this study are part of the southwest and mountain west regions. We can safely say that Nevada is part of this region. Moreover, three states in the top 10 are part of the southeast region. One other state is on the mid-Atlantic coast. Finally, there is only one state from the Midwest to make the top 10.
It may be surprising to learn that states with very large populations such as New York, Illinois, and Michigan saw very little new home construction in the period of 2010 to 2022. Furthermore, states in the northeast and New England rank near the bottom in new homes built during this period. As a matter of fact, the New England states of “Rhode Island and Connecticut have the lowest rate of new-build properties in America.”
So, let’s see which states rank in the top seven for new homes built since 2010.