While the housing market continues to experience ups and downs, one challenge that has remained through all of the changes over the last couple of years is the issue of the lack of housing supply to meet the demand. In addition to the low inventory of resale homes, the demand for new-construction homes is also high, and it has been for decades. While the need for more new-construction homes continues to be an issue in many places across the U.S., there are ten cities where new-construction homes are booming. Do you think your city makes the list? Find out below!
(1) Myrtle Beach, South Carolina
Single-family new-construction home permits in 2022 = 11,550
Median single-family home list price = $410,000
(2) Ocala, Florida
Single-family new-construction home permits in 2022 = 5,318
Median single-family home list price = $309,950
(3) Salisbury, Maryland
Single-family new-construction home permits in 2022 = 4,271
Median single-family home list price = $508,495
(4) Fayetteville, Arkansas
Single-family new-construction home permits in 2022 = 5,435
Median single-family home list price = $406,400
(5) Austin, Texas
Single-family new-construction home permits in 2022 = 20,289
Median single-family home list price = $544,375
(6) Raleigh, North Carolina
Single-family new-construction home permits in 2022 = 12,494
Median single-family home list price = $459,702
(7) Boise, Idaho
Single-family new-construction home permits in 2022 = 5,913
Median single-family home list price = $573,125
(8) Provo, Utah
Single-family new-construction home permits in 2022 = 5,136
Median single-family home list price = $661,925
(9) Nashville, Tennessee
Single-family new-construction home permits in 2022 = 15,189
Median single-family home list price = $549,945
(10) Gulfport, Mississippi
Single-family new-construction home permits in 2022 = 3,055
Median single-family home list price = $298,750
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