Top Metro Areas – Owner-Occupied Units Built Since 2000

In a recent study, NAHB examines eight key housing statistics from the 2012 American Community Survey (ACS). This post takes a closer look at one of those statistics; the share of new owner-occupied units.

The share of new owner-occupied units is calculated by taking the total number of owner-occupied housing units built since 2000 divided by the total number of owner-occupied housing units. The number indicates how fast the stock of owner-occupied housing is growing.

The metropolitan area with the highest share of new owner-occupied units is Palm Coast, FL with 46.3%. The Palm Coast figure is well above the national share of new owner-occupied units of 17.0%.

Figure_1_High

The metropolitan areas with the highest share of new owner-occupied units are scattered from Delaware to Utah.  Three of the ten have a population greater than 1 million while four have a population below 200,000. The demand for new housing depends on factors including population and income growth.

The metropolitan area with the lowest share of new owner-occupied units is Binghamton, NY with 4.2%. Four of the ten metropolitan areas on the list are located in New York.

Figure_2_Low

The relatively low demand for new housing in part reflects an aging population.  The aging population represents a challenge for new home builders in these local metro areas but a significant opportunity of remodelers to meet the needs of a population with an aging housing stock.

  • The complete series is provided below.
  1. Eye on Housing – Top Ten Metro Areas – Owner Occupied Housing Units
  2. Eye on Housing – Top Ten Metro Areas – Homeownership Rate
  3. Eye on Housing – Top Ten Metro Areas – Vacancy Rates
  4. Eye on Housing – Top Ten Metro Areas – Single-Family Concentration
  5. Eye on Housing – Top Ten Metro Areas – Median Income and Home Value
  6. Eye on Housing – Top Ten Metro Areas – New Construction


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  1. Top Metro Areas – Median Income and Home Value | Eye on Housing
  2. Top Metro Areas – Single-Family Detached Concentration | Eye on Housing
  3. Top Metro Areas – Homeowner Vacancy Rate | Eye on Housing
  4. Top Ten Metro Areas – Homeownership Rates | Eye on Housing
  5. Top Ten Metro Areas – Owner-Occupied Housing Units | Eye on Housing
  6. Eye on the Economy: Builder Confidence Flat As Winter Ends | Eye on Housing
  7. Concentration of Single-Family Housing 2005 to 2012 | Eye on Housing
  8. Concentration of Single-Family Housing 2005 to 2012 | DJR Companies

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