40 Metro Areas Where New Home Construction is Booming
Looking for a brand-new home? With the economy a bit stronger, home builders are busy again. If you want brand-new construction, Texas is your state. Two of its major metro areas top the list of cities with the most new homes. Other Sun Belt cities are also putting up big numbers. Ditto for booming East and West Coast areas. Here are the 40 areas where new home construction is hottest, based on building-permit figures from the Census Bureau. Median sale prices come from the National Association of Realtors. First-time buyers should check out these cities that cater to new homeowners as well.
The booming energy town is by far the market with the most new homes getting built. So far this year, builders have taken out permits for 13,329 new homes.
Median sale price: $222,000, up nearly 7 percent from last year
The Dallas-Fort Worth area is another Texas boomtown, with its population growing from 5.8 million to about 7 million over the past decade. The Dallas metro area is No. 2 when it comes to new home construction, with 11,533 building permits issued so far this year.
Median sale price: $236,000, up 12.6 percent from last year
Not only does Atlanta have mild winters, it is also a major corporate hub, especially in the area of financial tech. Builders have sought permits for 8,101 new homes so far this year.
Median sale price: $182,000, up nearly 9 percent from last year
The Phoenix area is another fast-growing Sun Belt metropolis with permits awarded for 6,655 new homes so far this year.
Median sale price: $237,000, up 6.6 percent from last year
The Austin, Texas, area boasts one of the largest and best public universities in the country, the University of Texas at Austin, with more than 51,000 students and 3,000 professors. There are also lots of new homes, with 5,553 building permits issued so far this year.
Median sale price: $286,000, up 6.2 percent from last year
The Orlando, Florida, area is both a major convention hub and home to Disney World, the area's dominant employer. Builders have taken out permits for 4,921 new homes this year.
Median sale price: $230,000, up 10 percent from last year
The Charlotte area in North Carolina has the best of both worlds with a booming corporate center with a top public university system as well. There have been 4,742 permits for new homes issued this year.
Median sale price: $209,000, up 13 percent from last year
The past couple decades have been boom times for the federal government and the businesses that rely on it. The Washington-area housing market has also surged with 4,712 building permits for new homes issued this year.
Median sale price: $383,000, up 4 percent
Nashville is to country music what Hollywood is to movies. And if anything, country music is bigger than ever these days. So is the Nashville area housing market with building permits for 4,319 new homes issued already this year.
Median sale price: $232,000, up 13.4 percent
You'll find some of the most beautiful beaches and the best winter weather in the world in Florida's Tampa-St. Petersburg area. Also nice is the number of new homes being built with 4,234 permits awarded this year.
Median sale price: $207,000, up 14 percent
The Raleigh area is part of the famed Research Triangle made up of Raleigh, Durham, and Chapel Hill. Duke, the University of North Carolina, and North Carolina State University anchor a thriving local high-tech market and economy. The local restaurant scene is booming, with lots of microbreweries. A lot of new homes are also getting built -- at least 3,526 this year.
Median sale price: $250,000, up 7.2 percent
The capital of the entertainment business and one of the largest cities in the country, the Los Angeles area has also seen 3,444 permits for new homes issued this year.
Median sale price: $485,000, up 5.7 percent
The Denver area offers all the amenities of a big city with the Rockies an hour away and lots of other places to get your outdoor fix nearby. There have been 3,294 building permits issued for new homes so far this year.
Median sale price: $396,000, up 7.1 percent
Sin City's casinos are booming again, and so is the housing market. Some 3,210 building permits have been issued so far this year.
Median sale price: $240,000, up 8 percent
The New York metro area is an expensive place to live. The 3,185 permits for new homes issued this year are a lot more than most markets. However, don't expect the new homes to do much to bring prices down given the size of New York metro market.
Median sale price: $386,000, up 3.5 percent
Perched on Florida's Atlantic coast, Jacksonville is a fast-growing city with a thriving arts and music scene. Also thriving is the housing market, with 3,059 permits for new homes issued so far this year.
Median sale price: $215,000, up 10 percent
The Seattle area boasts Microsoft and a thriving high-tech sector, which helps to make up for the rainy Pacific Northwest climate. The housing market is also growing, with 3,027 permits for new homes awarded so far this year.
Median sale price: $422,000, up 10 percent
The two California counties in this metro market -- Riverside and San Bernardino -- also make up the so-called Inland Empire, which has more than 4 million people. There have been 2,922 building permits for new homes issued this year.
Median sale price: $326,000, up 9.6 percent
The San Antonio area has big-city amenities coupled with a far more relaxed atmosphere than you'll find in New York or other major Northeast hubs. There are 50 major festivals throughout the year. Builders have been issued 2,552 permits for new homes so far this year.
Median sale price: $202,000, up 3.6 percent
Most folks would be happy living near one great city. But the Twin Cities of Minneapolis and St. Paul offer two for the price of one, separated by the Mississippi River. The market for new homes isn't bad either, with 2,427 permits issued so far this year.
Median sale price: $234,000, up 6 percent
Always a great place to live, Miami in recent decades has become an international hub, the culturally vibrant gateway to Latin America. The real estate market has recovered nicely as well from the dark days of the Great Recession, with permits for 2,375 new homes issued so far this year.
Median sale price: $318,000, up 11 percent
The Windy City is one of the nation's top cities and the de-facto capital of the heartland as well. Along with being a major transportation hub, Chicago is headquarters for at least 30 Fortune 500 companies. Builders have been granted permits for 2,242 new homes so far this year.
Median sale price: $228,000, up 9.6 percent
The Portland area in Oregon is the Pacific Northwest's other big high-tech hub. "Wonderfully well-evolved, progressive and cosmopolitan" is how the community-ranking website Sperling's Best Places describes Portland and its environs. So far this year 2,277 permits for new homes have been issued in the Portland area.
Median sale price: Nearly $360,000, up 10.2 percent
The capital of California has seen extensive growth as homebuyers flee high prices in the San Francisco area. Proximity to both San Francisco and Lake Tahoe are major pluses. Builders have taken out permits for 2,208 new homes this year.
Median home price: $319,000, up 7.6 percent
Downtown Philadelphia has come a long way over the past few years with new housing, retail outlets, and restaurants helping to provide renewed energy to the area. The metro area is one of the 10 largest in the U.S. Building permits for 2,162 new homes have been issued so far this year.
Median sale price: $209,000, up 2.5 percent
After hitting rock bottom back during the Great Recession, the U.S. auto industry has been on a roll in the past few years. Detroit proper has also seen signs of resurgence as well. Builders have taken out permits for 2,097 new homes this year.
Median sale price: $139,000, up 10.4 percent
Myrtle Beach, South Carolina, remains one of the country's top vacation spots, with white sandy beaches and lots of high-rise hotels and condos along the waterfront. Building permits for 2,083 new homes have been awarded so far this year in the Myrtle Beach metropolitan area, which includes part Brunswick County in North Carolina.
Median sale price: $194,000, up 3 percent
Kansas City is really two cities. Downtown and most of the city's population are on the Missouri side of the Missouri River, while the Kansas side has fast-growing suburbs like Overland Park. There have been 2,030 building permits for new homes issued this year.
Median sale price: $179,000, up 9.6 percent
Sarasota, Florida, has been a top resort community for more than a century, with golf introduced to the area in the 1880s. There are now more than 30 golf courses near downtown. The number of new homes popping up is also impressive, with 2,001 building permits taken out so far this year.
Median sale price: $266,000, up 4.5 percent
After falling upon hard times, downtown St. Louis is on the rebound, with a flurry of new residential development, new sports venues, and renovated warehouse lofts. Builders have taken out 1,884 permits for new homes in the St. Louis area so far this year.
Median sale price: $154,000, up 4.8 percent
Downtown Indianapolis has also made a dramatic comeback with new buildings, a new sports stadium, and pedestrian zones. Builders have taken out permits for 1,809 new homes across the Indianapolis area so far this year.
Median sale price: $159,000, up 8.4 percent
The state capital, Boise is thriving thanks to an economic mix that features agricultural-related industries, high-tech, and light manufacturing. Many new homes are also getting built, with 1,801 permits issued so far this year.
Median sale price: $207,000, up 9.3 percent
A major oil industry center, Oklahoma City hasn't fared all too badly over the past several years. Downtown features the "Bricktown" historic district, a new library, a new performing arts center, and new sports venues. Builders have also been busy, taking out 1,767 permits for new homes so far this year.
Median sale price: $144,000, up 2.7 percent
Charleston, South Carolina, is one of the most beautiful cities in the South, with many restored and renovated homes dating to the 18th and 19th centuries. Once a big port city, it is a major tourism center and refuge for people fleeing the harsher climate and winters of the Northeast. Builders have taken out permits for 1,650 new homes this year.
Median sale price: $255,000, up 6 percent
If you like the mountains, you'll love Greenville, located in the rugged northwest part of South Carolina. Downtown is tree-lined and pleasant. Builders have taken out permits for 1,574 new homes so far this year.
Median sale price: $184,000, up 6.1 percent
Provo is a college town in Utah, home to Brigham Young University and its 32,000 students. Orem is a suburban community just to the north. The Sundance Film Festival is held not too far way in Provo Canyon. Builders have been issued permits for 1,537 new homes this year.
Median sale price: $218,200, up 7.5 percent
Baltimore's waterfront has seen dramatic renewal in recent years. The Orioles are also hot this year as well. Builders have also been busy, picking up permits for 1,526 new homes this year.
Median sale price: $237,000, up 3.7 percent
This metro market is the largest in Virginia and is one of the most-affordable major urban areas on the East Coast. Tourism and the military are the two big economic mainstays, with significant Navy and Marine complexes in the area. Builders have taken out permits for 1,520 new homes so far this year.
Median sale price: $206,000, up 4.3 percent
The capital of Virginia, Richmond enjoys relatively mild winters with the Blue Ridge Mountains 90 miles to the west helping to shield the city from the worst storms. Builders have been issued permits for 1,495 new homes this year.
Median sale price: $234,000, up 8.1 percent
The Greater Boston area is booming thanks to an influx of biotech and high-tech firms, an unrivaled constellation of top-notch universities, and a thriving urban core. Downsides are the high cost of housing, with the 1,484 building permits issued this year for new homes not likely to keep up with demand.
Median sale price: $414,000, up 9.4 percent
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