Texas Booms With Most New Homes Built in the U.S. Since 2010, New Report Finds
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 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 Houston 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.
Houston has its own reputation for being the Texas city with the highest new home construction rate in 2023, with more than 23,000 new home permits issued as of June, which includes 15,400 single-family home permits.
