As the housing market continues to recover, lot development is going up.
“Builders and developers are now playing ‘catch-up,’ with builders buying land and lots and developers/investors paving roads and putting in infrastructure to serve the builders’ needs at a frenetic pace,” said Metrostudy Chief Economist Brad Hunter in a recent blog post.
According to Metrostudy data, here are the top 10 states ranked by known future lots.
State Future Inventory
Florida 1,597,055
California 1,378,299
Arizona 1,213,476
Texas 651,413
Colorado 406,613
Georgia 316,956
Illinois 281,054
Nevada 227,121
Maryland 194,829
Virginia 183,613
Read Hunter’s full commentary here
