New home construction data in Montgomery County show growth in a year-over-year analysis, a healthy performance among the Phila. collar counties. Erin Davis unlocked the details for Axios.
The 2020–2021 data indicate a national boom in residential real estate development, with a 0.96 percent increase in residences entering the market.
Montgomery County’s 0.5 percent upswing in performance for the same period was notably robust, compared with its neighbors. Bucks County experienced a 0.2 percent lift; Delaware County’s construction rate rose 0.1 percent.
The area champ, however, was Chester County, whose which saw a 1 percent increase in new residential real estate inventory.
This performance makes Chester County one of only two Pa. counties to beat the national average growth rate.
Across the nation, the highest concentration of new residences was in Rockwall County, Tex. (+6.5 percent), an area of less than 200 miles in area near Dallas-Fort Worth. Western Utah was also the site of significant additions to the housing market.
More new home construction statistics across the nation is available at Axios.
