flexiblefullpage - default
Currently Reading

Top 10 Metros for New Homes in 2024

billboard - default
Housing Markets

Top 10 Metros for New Homes in 2024

Punta Gorda, Fla., and Myrtle Beach, S.C., top the list of places where new-home construction is booming

January 10, 2024
Aierial view of Punta Gorda, Florida, coastline
Image: Felix Mizioznikov / stock.adobe.com

Many homebuyers frustrated by the confluence of high home prices, elevated mortgage rates, and a shortage of existing homes for sale have been turning to new construction to meet their homebuying needs. And new-home builders have provided a lifeline by offering smaller, more affordable homes, cutting their prices, and offering mortgage rate buydowns to lower homebuyers' monthly payments. 

Realtor.com looked at the metropolitan areas with the most new residential construction in the pipeline heading into 2024 and found plenty of action in affordable coastal cities in Florida and South Carolina and in Southern cities with strong economies.

The pricier Mountain West is another region where developers are doing what they can to ride the wave of demand that surged in the bigger cities of the rugged Rocky Mountains, along with the sunny capital city of Texas.

Absent from the list are any areas in New England or the Northeast, where older cities have less open space to build on. Only one Midwestern metro made the list, pointing to the softer demand in some of those areas. And there isn’t a single metro from the nation’s Western coastline. Generally, these areas are already densely built up, and prices can be extraordinarily high.

Read more


leaderboard2 - default

Related Stories


The Disappearing Act That Is Middle-Income Housing

An expert weighs in on the diminishing supply of middle-income housing, which is particularly acute in California, and what to do about it

Market Data + Trends

A Look at Homeownership Rates Across the Nation

Data for homeownership rates in the 100 largest US cities show Port St. Lucie, Fla., in the top spot, while West Virginia is the state with the most homeowners

Housing Markets

4 Cities Where Housing Inventory Now Exceeds Pre-Pandemic Levels

San Antonio leads with the greatest surge in the number of homes available post-pandemic

boombox1 -
native1 - default
halfpage2 -

More in Category

Delaware-based Schell Brothers, our 2023 Builder of the Year, brings a refreshing approach to delivering homes and measuring success with an overriding mission of happiness

NAHB Chairman's Message: In a challenging business environment for home builders, and with higher housing costs for families, the National Association of Home Builders is working to help home builders better meet the nation's housing needs

Sure there are challenges, but overall, Pro Builder's annual Housing Forecast Survey finds home builders are optimistic about the coming year

native2 - default
halfpage1 -

Create an account

By creating an account, you agree to Pro Builder's terms of service and privacy policy.

Daily Feed Newsletter

Get Pro Builder in your inbox

Each day, Pro Builder's editors assemble the latest breaking industry news, hottest trends, and most relevant research, delivered to your inbox.

Save the stories you care about

Lorem ipsum dolor sit amet lorem ipsum dolor sit amet lorem ipsum dolor sit amet.

The bookmark icon allows you to save any story to your account to read it later
Tap it once to save, and tap it again to unsave

It looks like you’re using an ad-blocker!

Pro Builder is an advertisting supported site and we noticed you have ad-blocking enabled in your browser. There are two ways you can keep reading:

Disable your ad-blocker
Disable now
Subscribe to Pro Builder
Already a member? Sign in
Become a Member

Subscribe to Pro Builder for unlimited access

Lorem ipsum dolor sit amet, consectetur adipisicing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua.