Miami Condo Market and Lifestyle Updates
Miami Ranked Top City in Housing Expansion

Miami Ranked Top City in Housing Expansion

by Sep Niakan | March 19, 2014

Housing supply growth from 2000 to 2010 - Source: Next City

 

Miami beats out most of the largest cities in North America. Many cities did not build enough housing, and the demand for it was too much. Miami, however, overtook that market, and expanded greater than Chicago, New York, San Diego, and many other big cities.

Between 2000 and 2010, Miami grew 24% in housing supply, with about 35,000 new units of housing in total. Many of the 35,000 units were from large buildings that contained 50 or more housing units.

Sources say that there is not much connection between the growth of a city’s housing, and the demand for housing in that area. Some cities, such as Pittsburgh and Detroit, lost housing in the market, going down about 6% in the 2000 to 2010 period.

These numbers, however, do not give account for the lack of demand, so cities like Denver have more housing growth than New York City, but the housing in Denver is not as desired or in as much demand as the other cities.

 

Source: therealdeal.com

Photo credit: Housing supply growth therealdeal.comMiami - miamitatooexpo2013.com

Recent posts

Real Estate News

Luxury Miami Condo Report : March 2017

by Sep Niakan | April 20, 2017

Miami Luxury Condo Report Overall Market Summary City and Neighborhood Luxury Condo Reports              Miami Beach Luxury Condo Report                  ...

Lifestyle

Miami May Events Round-up

by Sep Niakan | April 18, 2017

The temperatures are picking up and it’s time to lather on the sun tan and cool off with some awesome events around town. Here’s our pick of the hippest festivals in Miami to make for a magnificent May: SunFest Music and Arts Festival...

Lifestyle

A Guide to Miami's Best Beaches

by Sep Niakan | April 17, 2017

Think Miami Beach and most people conjure up images of Spring Break, bikini-clad college students and a wild party worthy of '90s-era MTV. However, truth is that Miami’s beaches have a lot more to offer than those hyped up versions of...

Real Estate News

Miami’s New and Pre-Construction Condo Update: March 2017

by Sep Niakan | April 14, 2017

March has been a pretty busy month for Miami’s condo pre-construction market. From two sales gallery launches to four buildings topping-off, there’s been plenty of activity to keep the market abuzz. The biggest news, however, came in the...