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High housing prices and rent costs show the need for new home construction to meet customer demand, but the number of authorizations for new builds has stalled,
The top five states with the most new construction approvals have more than 403,000 housing units approved to begin construction in 2024, as of July. While only half of these 20 states saw an increase in approved housing units year-over-year, New York saw a large increase of 80.47%.
Read more about the states with the most new construction approvals.
| Rank | State | Housing units approved to begin construction in 2024 (as of July) | Year-over-year change in approved housing units |
| 1 | Texas | 133,549 | -1.89% |
| 2 | Florida | 111,024 | -3.43% |
| 3 | California | 59,263 | -8.91% |
| 4 | North Carolina | 58,587 | 2.50% |
| 5 | Georgia | 41,347 | 5.20% |
| 6 | Arizona | 36,282 | 13.91% |
| 7 | South Carolina | 29,351 | 17.11% |
| 8 | New York | 28,070 | 80.47% |
| 9 | Tennessee | 26,651 | -1.10% |
| 10 | Washington | 21,257 | -6.32% |
| 11 | New Jersey | 21,046 | 5.42% |
| 12 | Virginia | 20,143 | -0.91% |
| 13 | Colorado | 19,052 | -21.40% |
| 14 | Ohio | 17,894 | 12.72% |
| 15 | Indiana | 14,838 | -2.61% |
| 16 | Pennsylvania | 14,600 | 7.05% |
| 17 | Utah | 14,154 | -2.08% |
| 18 | Wisconsin | 13,333 | 23.03% |
| 19 | Minnesota | 12,586 | -9.74% |
| 20 | Alabama | 12,568 | 3.91% |
