Ars Technic’s Austin-based tech writer, Patrick J. Lewis, explains which cities will see the most housing construction in 2018.
It will be a different story for a lot of cities in the Midwest.
There will be fewer new homes than in recent years, he said.
And while some will see some new construction, the rest of the country will see fewer than half the housing units, which are expected to be a drop in the bucket compared to a decade ago.
It’s not just a matter of supply and demand.
Lewis said it will be tough to keep up with demand.
“There will be very few new homes built, so it’s hard to tell if there’s enough demand for them,” he said, adding that there’s “a lot of talk” that the U.S. is not in a housing recovery yet.
“If we were to see a huge increase in demand, it would be a very good sign.”
The U.K. is likely to see more housing construction than the U, but not as much.
The housing market has been “in tatters” in the U of K, where the average house price is more than three times higher than in the rest, according to data from Re/code.
But the UK. has been a key hub for new construction in recent decades, with some of the biggest cities like London and Birmingham seeing more than 40,000 new units approved in a year.
As of last month, nearly 70,000 houses were under construction in London, according the UK government.
In the U., the rate is much lower: less than a quarter of new housing is approved, according data from the UIA-Meter, which is a project of the National Association of Home Builders.
“The housing market is in tatters,” said Matt Hickey, chief economist at BDO.
“This is a long-term trend.
What to expect in 2018 The next few months are likely to be filled with a lot more housing. “
And while there are still lots of houses in the market, there is no sign that this will be sustained for very long.”
What to expect in 2018 The next few months are likely to be filled with a lot more housing.
“As we have seen this year, the U [of K] is not the only city that will see an increase in housing,” said Hickey.
“Other cities will likely see an uptick.”
The first major new housing projects in the country include a new building in London and an apartment tower in Birmingham, which will have about 1,000 apartments.
“We have seen a lot from new building,” said Michael A. Osterholm, chief investment officer at BMO Capital Markets.
“London and Birmingham will likely be very attractive places to build a new apartment, and a new residential building.”
New building is also expected to play a major role in the next wave of U.s. growth.
The U of M will likely get about 3,000 apartment units over the next few years, and “we expect this to increase over the longer term,” he added.
“But we’re also looking for new housing to fill the gap that we see in the economy, especially in light of the slowdown in growth and the lack of jobs.”
The same is true in the Pacific Northwest.
Washington State has been the fastest growing major U. to build new housing since the housing bubble burst in 2007.
According to a report from the Urban Institute, the region saw a 25 percent increase in new building last year, with Seattle seeing a 6.4 percent increase.
While that’s up a bit from last year’s 2.8 percent increase, it’s still well below the 10 percent growth seen over the same period in the mid-2000s.
“It’s the fastest growth in Washington state,” said A.J. Brown, senior economist at the University of Washington.
“They are not at all as densely populated as they were.”
He said that, despite the slow economy and a few job cuts, Seattle continues to be “one of the most productive cities in America.”
The city is expected to see some construction activity this year.
But there’s little indication that the region will be able to keep pace with demand, and many people in the region are worried about the job prospects for their city.
“Many people are concerned that the construction slowdown could slow Seattle’s economic recovery,” said Brown.