With the ever changing economy and real estate market, it’s no surprise that housing availability has changed over time. But not all change is bad. Over the last 3 decades, the U.S. has managed to see growth. A recent analysis from DeedClaim, an online deed preparation company, evaluated the state of housing in the country since 1990 to see which states have grown. They used U.S. Census data to find select trends and percentages of housing increases.
From 1990 to 2019, there was a 36.59% increase in available housing across the U.S., with states like Nevada (147.79%), Utah (89.43%) and Arizona (85.37%) seeing some of the highest increases. Rhode Island and West Virginia saw the lowest increases, both states right under 15%.
Taking a more recent look, the analysis zoomed in on the increase in available housing from 2010-2019. As a whole, available housing in the U.S. has increased by 5.99%. North Dakota (19.45%) and Utah (15.45%) saw the highest percentage of growth in this most recent time period.
The team then looked into select housing trends over the years. They found that over 37% of homeowners in Nevada moved in between 2017 or later, while 15.4% moved in between 2015 and 2016. This interprets that over 50% of homeowners in that state moved there within this decade. Another trend they looked at was states with the highest percentage of homes built. 32.8% of homes built in D.C. were built in 1939 or earlier, while an additional 11.31% of homes in D.C. were built between 1940-1949.
Overall, the analysis proved that the housing market is not the same as it once was 30 years ago. With the ever changing economy, real estate has adapted and evolved with it.
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