Lots available in U.S. for new homes 2023, by city

Miami, San Diego, and Portland had the least space is available for new single-family home construction in the United States as of the 4th quarter of 2023. In the United States, the index amounted to 61.9 index points, where a value of 100 represents a market equilibrium. In Miami, the lot supply index amounted to less than 19.6 index points, meaning that it was severely undersupplied.

Lot supply index for new single-family housing across 30 different cities in the United States as of 4th quarter 2023

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Release date

February 2024

More information

Region

United States

Survey time period

Q4 2023

Special properties

The index measures how much space was available for new single-family home construction above or below relative equilibrium

Supplementary notes

The source does add, however, that the 30 markets on display were the top markets and all were significantly undersupplied.

The index was calculated based on each markets’ specific equilibrium. A value of 100, represents perfect equilibrium, while a value of 125 and above equals “Significantly Oversupplied”, 115-125 – “Slightly Oversupplied”, 85-115 – “Appropriately Supply”, 75-85 – “Slightly Undersupplied”, and 75 and below – “Significantly Undersupplied.”"

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