20 major cities where housing construction is growing fastest

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High Mortgage interest rates in recent years have led to affordability issues for both homebuyers and homebuilders, but with rates in recent weeks mostly decliningSome believe that market conditions will improve for both home seekers and those looking to build a home at a lower price.

Construction Cover recently ranked the major metropolitan areas where housing construction is growing fastest by measuring the change in the value of new housing units approved by permitting authorities between the fourth quarter of 2022 and the fourth quarter of 2023.

Read more: Home prices reach new record high, but growth rate slows

In the five largest metropolises, there was an average change in the value of new residential units of 81.98% between these two periods.

Read more about the metropolitan regions where House building increases the fastest.