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Is New Home Construction Slowing Down?

MONDAY, AUG 30, 2021

A shortage of new construction is being partially blamed for a nationwide affordable housing crisis, especially in East and West Coast metros. But a TractIQ analysis of 2015-19 American Community Survey data finds that the three metro areas with the smallest percentage of homes built since 2014 are in the middle of the country – all in Illinois.

Only 0.3 percent of the 145,750 housing units in Rockford, Ill., have been built since 2014. It’s trailed by Danville, Ill. (0.4 percent), and Decatur, Ill. (0.5 percent). Use TractIQ's mapping tools to analyze the growth and median age of housing units in your community since 2014.

    

Median Year Structure Built. Click here to explore further.


Author: Frank Bass

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