Texas Leads States In Housing Gains.
June 21, 2003
Texas, with 149,000 new housing units, led all states and accounted for about 10 percent of the increase in the nation’s housing inventory between July 2001 and July 2002, the Commerce Department’s Census Bureau reported.
According to the Census Bureau’s tabulations, the United States had an estimated 119.3 million housing units as of July 1, 2002. That represented a 1.3 percent increase over July 2001.
Texas’ housing inventory climbed to 8.5 million in the one-year period. Florida was second, adding 147,377 housing units. Rounding out the top five were California (up 130,779), Georgia (87,909) and North Carolina (76,480). (See Table 1, CLICK above on ‘More Images’.)
The largest percentage increases in housing units occurred in Nevada (4.0 percent), Colorado (2.9 percent), Arizona (2.7 percent), Georgia (2.6 percent) and Utah (2.3 percent). (See Table 2, CLICK above on ‘More Images’.)
Other changes between 2001 and 2002:
– The estimates showed housing growth was strong in counties on the periphery of many large cities in the South and West. Douglas County, Colo., near Denver, was the fastest growing, with an 8.3 percent increase, followed by Rockwall, Texas (7.9 percent), Lincoln, S.D. (7.8 percent), and Paulding and Henry in Georgia (7.7 percent and 7.5 percent, respectively).
– Broomfield County, Colo., the nation’s newest county, had the sixth fastest growing supply of homes, 7.0 percent. The county was created in 2001 from parts of Adams, Boulder, Jefferson and Weld counties.
– Seven counties around Minneapolis, led by Isanti County at 6.1 percent, had large percentage gains.
– Los Angeles County, Calif., had the largest total number of housing units in 2002, 3.3 million. (See Table 3.)
– The South had the largest percentage increase in housing units (1.6 percent), followed by the West (1.5 percent), the Midwest (1.0 percent) and the Northeast (0.6 percent).
The estimates are based on Census 2000 counts supplemented by administrative records such as building permits.
To view charts CLICK above on ‘More Images’.
