The only new housing that’s been going up in my neck of the woods has been Sec. 8.
Where are you roughly?
The majority of starts in the country are now in the south.
Out of 1.3 million housing starts 210,000 are in four metro areas of TX.
Florida, GA, AZ & SC make up another growth area.
Atlanta was the fastest growing metro area in the country in 2022. Up 24% in comparison to 2021.
Philly is the total opposite. It was down 40% in comparison to 2021. Nashville was down 32% in comparison to 2021. Most of the rest of the US metro areas were down 5-10%.
All metro areas in the western US were down except LA & San Diego. They were both up about 5%. Phoenix was down about 10%. However, in total starts Phoenix is still the number three largest volume market in the country after Dallas/Ft Worth and Houston.
Just like REAL ESTATE. All home building is LOCAL to some extent.
When those new semiconductor plants open in the TX & AZ they are going to need hundreds if not thousands to work there.
Many may move there from some other SH#T HOLE place in the USA.
Kind of like when ME and ALL my friends and family left Buffalo and moved some other place.