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Housing markets might be stabilizing in most areas of Texas, but there's one sector that's still booming. A new housing report by RubyHome Luxury Real Estate has revealed Texas leads the nation with the highest new home construction rate.
The study examined property data from the U.S. Census Bureau's 2022 American Community Survey, including the number of occupied properties and the number of homes built between 2010 and 2022.
Nearly a quarter (22.5 percent) of all occupied housing units in the Lone Star State have been built since 2010, the report found. That adds up to nearly 2.5 million homes out of a total 11 million-plus in the state.
Texas' new home construction rate was predictable, as the state had gained the most new residents between 2000 and 2022, according to a RubyHome spokesperson. That's another trend that doesn't appear to be slowing down in Texas, or in San Antonio for that matter.
"Residents of Texas are more likely to live in a new, modern property than any other state across the country," the report said.
For comparison, there were about 131.2 million recorded occupied households in the U.S., according to the 2022 Census survey. Over 15.7 million of those homes were constructed since 2010, which is nearly 12 percent of the homes across the country.
North Dakota fell behind Texas in No. 2, with less than 69,000 out of a total 331,481 homes built within the same time frame. New construction homes made up less than 20.74 percent of all of the housing stock in the midwestern state.
The top 10 states with the highest new home construction rates are:
- No. 1 – Texas (22.5 percent)
- No. 2 – North Dakota (20.74 percent)
- No. 3 – Utah (20.65 percent)
- No. 4 – Idaho (20.01 percent)
- No. 5 – South Carolina (19.75 percent)
- No. 6 – North Carolina (18.17 percent)
- No. 7 – Nevada (16.74 percent)
- No. 8 – Delaware (16.49 percent)
- No. 9 – Colorado (16.30 percent)
- No. 10 – Tennessee (15.73 percent)
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