The Real Deal Miami

Miami tops major cities in growth of housing supply

Area saw 24 percent hike in number of homes going up from 2000 to 2010
March 11, 2014 04:30PM


Housing supply growth from 2000 to 2010 (source: Next City)

Most of the largest North American cities have struggled to build enough housing to satisfy demand, according to data by Next City. But not so for Miami. While cities like Chicago, New York and L.A. saw minimal growth in the supply of housing from 2000 to 2010, Miami experienced a 24 percent surge in supply, representing 35,000 new units. The majority of those new units came in the form of large buildings with at least 50 units.

Next City noted that there appears to be little correlation between growth and demand, aside form outliers that lost housing like Detroit and Pittsburgh. For instance, Denver saw stronger housing growth than New York, but homes there are not more in demand. [Next City]Christopher Cameron