{"id":2356,"date":"2017-03-22T00:00:00","date_gmt":"2017-03-22T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/3-metros-with-the-most-new-construction\/"},"modified":"2017-03-22T00:00:00","modified_gmt":"2017-03-22T00:00:00","slug":"3-metros-with-the-most-new-construction","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/3-metros-with-the-most-new-construction\/","title":{"rendered":"3 Metros With the Most New Construction"},"content":{"rendered":"

\n<\/p>\n

<\/p>\n

The pace of construction is a major influence over whether housing<\/a> prices remain affordable in a city, according to a recent article at Forbes.com. Between 2010 and 2016, an overall annual rise in national housing permits led to major metros issuing permits for projects “in the [high-$400,000 or low-$500,000] figures annually,” according to Census data. But three metros stood above the rest: Dallas-Fort Worth-Arlington, Texas; New York-Newark-Jersey City, N.J.-N.Y.; and Houston-The Woodlands-Sugar Land, Texas. In fact, these three metro areas combined accounted for 13.5 percent of the nation’s approved housing units, Forbes.com notes.<\/p>\n

The Dallas metro area issued 273,853 housing permits during that seven-year period, New York issued 283,814, and Houston issued the most at 316,639 permits. Los Angeles\u2014which was number four on the list\u2014was far behind at 160,278. The majority of the 51 major metros on Forbes’ list didn\u2019t pass the 100,000 mark.<\/p>\n

Dallas, Houston, and New York are seeing rapid growth in population, welcoming at least 200,000 new residents from early 2010 to mid-2015. A spike in jobs is responsible for the population growth and is leading to a surge in their housing markets.<\/p>\n

Between 2010 and 2015, Houston and Dallas saw the biggest growth in net population: 736,531 and 676,582, respectively. They are national leaders in corporate and business relocation, job growth, and wage growth. That said, they also have the second- and third-lowest median home prices of the nation’s 11 largest metros (Houston at $176,000 and Dallas at $202,000).<\/p>\n

Source: \u201cHouston, Dallas, & New York City: America\u2019s Great 3-Way Housing Supply Race,\u201d Forbes.com (March 20, 2017)<\/em><\/p>\n<\/div>\n

[ad_2]
\n
 link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The pace of construction is a major influence over whether housing prices remain affordable in a … 3 Metros With the Most New Construction<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2357,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[518,2890,12908,543,344,3781,3058,41,818,3059],"class_list":["post-2356","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-america","tag-construction","tag-home","tag-home-buying-guide","tag-housing","tag-housing-markets","tag-location","tag-property","tag-real","tag-relocation"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/Q7RCOfZoBcc","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":8059,"url":"https:\/\/amazingproperty.com.ng\/blog\/could-the-inventory-crunch-worsen\/","url_meta":{"origin":2356,"position":0},"title":"Could the Inventory Crunch Worsen?","author":"Amazing Property","date":"February 7, 2018","format":false,"excerpt":"Housing permits, a gauge of new-home activity, slipped in the final quarter of 2017, which could worsen a housing shortage already shaking many markets across the country. Single-family permits are running at only 56 percent of normal activity, according to the National Association of Home Builders\/First American Leading Markets Index.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Nahb Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAHB-chart.png?fit=709%2C522&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAHB-chart.png?fit=709%2C522&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAHB-chart.png?fit=709%2C522&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/NAHB-chart.png?fit=709%2C522&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":6695,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-much-amazons-hq2-will-drive-up-rents\/","url_meta":{"origin":2356,"position":1},"title":"How Much Amazon\u2019s HQ2 Will Drive Up Rents","author":"Amazing Property","date":"October 20, 2017","format":false,"excerpt":"About 100 cities across the country have submitted their final bids to be the home of\u00a0Amazon\u2019s second headquarters, known as HQ2, as municipal leaders argued for why their community is the best pick. However, it won\u2019t be all good news for the metro Amazon ultimately selects in 2018, especially when\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Apartmentlist Amazon Chart.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/ApartmentList_Amazon%20chart.png?fit=644%2C510&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/ApartmentList_Amazon%20chart.png?fit=644%2C510&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/ApartmentList_Amazon%20chart.png?fit=644%2C510&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6652,"url":"https:\/\/amazingproperty.com.ng\/blog\/where-you-can-still-snag-a-foreclosed-property\/","url_meta":{"origin":2356,"position":2},"title":"Where You Can Still Snag a Foreclosed Property","author":"Amazing Property","date":"October 17, 2017","format":false,"excerpt":"Foreclosure filings have sunk to a more than 11-year low. However, foreclosures haven\u2019t dried up everywhere, and bargain hunters may still find a deal. ATTOM Data Solutions reports that U.S. foreclosure activity in the third quarter was 31 percent below the prerecession average. But some of the nation\u2019s hottest markets\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/1_rss.png?fit=599%2C659&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1615,"url":"https:\/\/amazingproperty.com.ng\/blog\/how-will-housing-fare-over-the-next-decade\/","url_meta":{"origin":2356,"position":3},"title":"How Will Housing Fare Over the Next Decade?","author":"Amazing Property","date":"March 6, 2017","format":false,"excerpt":"Your 10-year outlook: Expect business to get busier, but be ready for some major demographic shifts in housing. Housing demand over the next decade will be significantly higher than it is today, predicts Lawrence Yun, the chief economist of the National Association of REALTORS\u00ae, in his latest column at Forbes.com.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":8040,"url":"https:\/\/amazingproperty.com.ng\/blog\/cities-breaking-records-for-price-appreciation\/","url_meta":{"origin":2356,"position":4},"title":"Cities Breaking Records for Price Appreciation","author":"Amazing Property","date":"February 5, 2018","format":false,"excerpt":"Strong demand and low inventories fueled home prices to record highs in 2017, as the median home price in the U.S. reached $235,000, up 8.3 percent from 2016, according to real estate data firm ATTOM Data Solutions. Still, annual price appreciation showed signs of slowing; in 2016, the national median\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"1517860283 1 Rss.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1517860283_1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1517860283_1_rss.png?fit=599%2C586&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/1517860283_1_rss.png?fit=599%2C586&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5881,"url":"https:\/\/amazingproperty.com.ng\/blog\/the-20-markets-dominating-in-august\/","url_meta":{"origin":2356,"position":5},"title":"The 20 Markets Dominating in August","author":"Amazing Property","date":"August 24, 2017","format":false,"excerpt":"Half of the 20 hottest housing markets in August were located in California. Vallejo, Calif., held on to its top spot in realtor.com\u00ae\u2019s \u201chot list\u201d this month. Realtor.com\u00ae ranks the top 20 medium-to-large metro markets where homes are selling the fastest and where buyers are searching the most on realtor.com\u00ae.\u2026","rel":"","context":"In "Opportunities In New Markets"","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"top_20_mrkts_Aug17.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/top_20_mrkts_Aug17.png?fit=620%2C916&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/top_20_mrkts_Aug17.png?fit=620%2C916&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/top_20_mrkts_Aug17.png?fit=620%2C916&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2356"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2356\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2357"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}