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Springfield, MO area. They have been booming for the past few years, so they overbuilt. Now there are tons of new construction homes in new subdivisions that are for rent bc they aren't selling and they can't afford to just sit on them.
Houston didnt grow that much (those are wack numbers), but it had large growth.. it added 21,000+ new residences
Albuquerque didnt have very huge growth but still not very big numbers.. it added 12,000+ new rseidences.. houston and ABQ did really well during this year, despite the horrible economy!
Phoenix and Tucson. Even though we are experiencing a slow down homes are still being built.
Phoenix, the most overbuilt city in America???? you think that the new home market is O.K. there???? This is a joke, right??? Before they can build new homes they need to sell all the foreclosures and spec homes that are still standing from 2 years ago.
Here are the largest housing markets in the U.S. right now.
1) Houston
2) Dallas Fort Worth
3) Atlanta
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