Austin, Raleigh and Other Popular Sun Belt Metros Lead the Nation in Homebuilding

Source: Redfin — 

Sun Belt metros are leading the way when it comes to building new homes–and they need them, with scores of buyers moving in from other parts of the country, causing inventory to dwindle and prices to surge.

Austin, TX had 31.1 single-family building permits per 10,000 people in the first quarter, the most per capita of any major U.S. metro. It’s followed by Raleigh, NC (30.7), Jacksonville, FL (29.2), Nashville, TN (26.6) and Charlotte, NC (22.9).

Five other Sun Belt metros round out the top 10: Phoenix (22.7), Houston (22.4), Orlando, FL (20.3), Dallas (18.5) and Las Vegas (17.2).

For multifamily properties, the top 10 list is split between Sun Belt metros and northern metros. Austin leads the pack again, with 26.1 multifamily building permits per 10,000 people in the first quarter, followed by Jacksonville (19.9), Salt Lake City (16.7), Orlando (12.7) and Denver (12.6). Seattle (11.9), San Antonio, TX (11.5), Richmond, VA (11.5), Minneapolis (11.1) and Charlotte (11) round out the top 10.