National Real Estate Insights December 2024

New Single-Family-Home Construction by Region Housing Units Completed IN THOUSANDS by Region since 2000*

Thousands of Single-Family Homes Built by Year*

Northeast

Midwest

West

South

800

700

2023

2000

600

Subprime bubble 2004-2007

500

400

In 2023, 50% more new houses were built in the South region than in the rest of the country combined.

300

200

Great recession

2009-2012

100

0

*Data per U.S. Census, New Residential Construction: https://www.census.gov/construction/nrc/historical_data/index.html. U.S. privately owned new single- family-dwellings completed. All numbers approximate, may contain errors and subject to revision.

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