U.S. states investing the most in new housing. 109,338 new homes were built in California in 2019. For every 10,000 residents, California built 27.6 new housing units in 2019, which is below the national average of 41.9. New housing construction in the U.S. is slowing down, which isn’t good for families already struggling to afford their first home. Even though multi-family dwellings have accounted for the lion’s share of new home construction growth since the recession, the shift away from single-family homes has failed to lower prices.
Data from the Department of Housing and Urban Development shows that the median sale price for new homes in the U.S. reached a record high of $348,200 at the start of 2020.
While at the national level, investment in new housing largely ebbs and flows with the broader economy, at the state and local level, it is tightly coupled with population growth. States in the South and West, which have experienced above-average population growth in recent years, are investing the most in new housing. New residential construction per capita in Idaho and Utah, in particular, exceed the national rate of 41.9 units per 10,000 residents by more than 100 percent. By contrast, states in the Northeast—many of which have seen their populations stagnate or decline—are constructing the fewest new homes per capita.
To find which states are investing the most in new housing, researchers at Construction Coverage analyzed building permit data from the U.S. Census Bureau and home price data from Zillow. For each state, the researchers calculated the number of new housing units per 10,000 residents. They also looked at the share of new housing units that are multi-family, the total value of new home construction, the median home value, and the five-year population growth.
The analysis found that 109,338 new homes were built in California in 2019. For every 10,000 residents, California built 27.6 new housing units in 2019, which is below the national average of 41.9. Here is a summary of the date for California:
New housing units per 10k: 27.6
Total new housing units: 109,338
Share of new housing units that are multi-family: 45.5%
Total value of new housing units (millions): $26,329
Median home value: $549,671
5-year population growth: 3.2%
For reference, here are the statistics for the entire United States:
New housing units per 10k: 41.9
Total new housing units: 1,370,347
Share of new housing units that are multi-family: 37.7%
Total value of new housing units (millions): $276,611
Meditation App Offers Special Session for Those Under Quarantine. With most of the world under quarantine, people are looking...
April 2, 2020
The Power Player Lifestyle Magazine was created to provide online and digital mobile news weekly, featuring a variety of quality content around the diverse visionaries in the fields of entertainment, food, art, technology, health, international and international business.
PPLM places the spotlight on the educated, successful, savvy men and women who embody the essence of true power. Our mission is to promote the “Power Player” concept in a prosperous lifestyle community.
PPLM editorial staff invites you to pitch your story ideas to our editorial team email at
Privacy & Cookies Policy
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.