It’s no secret that people are flocking to Florida. That brings along the question of “Where do we put them all?” We keep building. There’s a lot of new Florida residents need a home. Plus there’s another large group of people who want their second home to be in Florida. Add in the people whose home was destroyed last fall.
There are 9.80 new construction homes being built per 1,000 residents. On a per capita basis, that places Florida third in the country. Florida’s population is over 22 million, that’s a lot of new homes.
The data by portlandrealestate.com analyzed U.S. Census data and Statista to determine which states had the most new construction homes being developed per 1,000 residents.
The research found that Utah has the most new homes being built per 1,000 residents at 11.7. This is over double the United States average of 5.23 new builds per 1,000 residents. The average value of a house in Utah is $554,955.
The state with the second highest number of new builds being built is Idaho, where there are 11.43 new homes being built per 1,000 residents. The average value of a typical family home in Idaho currently sits at $427,410.
Florida ranks third with 9.80 new construction home being built per 1,000 residents.
The average value of a house in Florida is $406, 426 – up 22.4% from last year.
South Carolina and Colorado rank fourth and fifth respectively. South Carolina has 9.76 new builds being built per 1,000 residents in the state whilst Colorado has a slightly lower rate of 9.73 new construction homes being built per 1,000 residents.
The state of Oregon ranks 18th out of all 50 states and ranks just below the national average of 5.23 with 5.16 new builds being built per 1,000 Oregon residents.