A new study has found that Utah tops the nation in new homes under construction, according to a report from Portland- RealEstate.com. The data by analyzed U.S. Census data and statistics from market and consumer data platform Statista to determine which states had the most new-construction homes being developed per 1,000 residents.
The research found that Utah has 11.7 new homes being built per 1,000 residents. The figure is over double the United States average of 5.23 new builds per 1,000 residents.
The report also said the average value of a new home in Utah is $554,955.
The state with the second-highest number of new builds is Idaho, where there are 11.43 new homes being built per 1,000 residents. The average value of a typical new family home in Idaho is $427,410. Florida ranks third with 9.80 new homes under construction, while South Carolina (9.76) and Colorado (9.73) rank fourth and fifth, respectively. South Carolina has 9.76 new builds per 1,000 residents in the state while Colorado has a slightly lower rate of 9.73 new construction homes per 1,000 residents.
Rhode Island (1.27 new homes) and Connecticut (1.29 new homes) are at the bottom of the nation rankings.