Decades of Real Estate Construction History

By
Real Estate Broker/Owner with Gwen Fowler Real Estate, Inc 10307

Each decade of new house construction increased until we got to 2010-2019. This article is based on the numbers in the Statista Research Department report dated 11/6/2020.

 

From 1900 -1909 there were 5.3 million homes built,

 1910-1919 - 4.3 million 

1920 - 1929--9.23 Million, post-WWI Era

1930-1939--5.42-This was the era of the great depression,

1940-1949-9.5 million,

1950-1959-21.38 million, Post WWII Era

1960-1969-20.21 million,

1970-1979-25.8 million,

1980-1989-25.1 million

1990-1999-26.6 Million

2000-2009-27.0 Million

2010-2019-5.8 Million  

We are not having a boom, we are just trying to catch up with the need for housing that was not addressed in the last decade.  I expect it will take more than 10 years of house building to address our needs. Waiting for a better time to sell?  This is it. As more houses are built and added to the market, the demand for used/older homes will reduce.

In 2010-2019 on 5.8 million houses were built, baby boomers were downsizing but no one addressed the new homes needed for young families or for families who needed to move up.

If you are thinking of downsizing or moving up,  call me for an estimate on what you will net in this market. The answer is in the numbers, now it's time to sell.

Posted by

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Gwen Fowler-Brown

Gwen Fowler Real Estate, Inc
317 South Highway 11
West Union SC 29696
Serving Oconee County, from the banks of the Chattooga River to the shores of Jocassee, Hartwell & Keowee Lakes.

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Contact me about property in Oconee County, Seneca, Walhalla, Westminster, Long Creek, Salem, Mountain Rest, Richland, Sunset and Six Mile, SC.  2nd homes are our expertise. 

The best number to reach me at is 1-800-248-8950.

View our listings at www.CoolMountainEscapes.com

Gwen Fowler Real Estate, reasons for going to work each dayBlue Ridge MountainsOC Spot Monday Holstein

 

 

Comments (4)

Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Good morning Gwen! Eye opening figures indeed. I hadn't realized those trends

May 15, 2021 07:44 AM
Gwen Fowler-864-638-3599 SC Mountains Lakes Homes
Gwen Fowler Real Estate, Inc - Salem, SC
Gwen Fowler Real Estate, Inc.

I came across this a couple of weeks ago.  Amazing that the population is increasing and no one could see the need for more housing.

May 15, 2021 07:52 AM
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Hello Gwen and very interesting figures to share with us here in the Rain.  Hope you have a great weekend.

 

May 15, 2021 10:12 AM
Patricia Feager, MBA, CRS, GRI,MRP
DFW FINE PROPERTIES - Flower Mound, TX
Selling Homes Changing Lives

Hi Gwen Fowler-864-638-3599 SC Mountains Lakes Homes - Interesting data. It's very eye-opening and hopeful for the future too! Your paragraph about baby boomers is especially interesting to me. When I began my family (I wasn't working at the time) I read an article that stuck with me about that current new generation being born in the 1970s. At the rate kids were born and schools were already becoming overcrowded, nobody thought about building a new school or Community College to accommodate future growth. In addition there was an increase in the number of women having multiple births and extended families because of divorced couples. That article was right! Once my kids were in High School, classrooms were overcrowded and students were dropping out. 

Jul 16, 2021 04:46 PM