New Geography demographics guru Joel Kotkin looks at the volume of construction permits for single and multifamily units in the 53 largest metropolitan statistical areas in the country from 2011 through 2014, and compared them to those metro areas’ existing housing bases.
The result of the math is a grid of the winners and losers among metro areas developing new housing to meet pent-up demand. Kotkin writes:
The superstars of the past four years have been those areas that have enjoyed both the greatest job and population growth. The top of our list of cities that are increasing their housing supply the most is dominated by metro areas that have generally better housing affordability, with a multiple of median incomes to median housing prices between three and four.
Like, for instance, Austin.