ensuring that the growth in housing units over the last decade remained at lows not seen since the
Great Depression, the U.S. Census Bureau said today.
131.7 million, a 13.6 percent growth rate. Almost 90 percent of the growth occurred between 2000
and 2007. There were 2.1 million housing starts in 2005. Last year, there were 587,000, Census
figures show.
just overbuilt by far. We’ve never seen anything like this.”
2000. It was less than half the 28.7 percent recorded during the 1980s, when the maturing baby
boom generation added 19.7 million homes, and barely half the 23.2 percent growth registered
during the 1940s.
2000. The Census Bureau said it was the sharpest drop since the 1930s. Even with the drop, the
percentage of homeowners was the second-highest since the 1890s, the government said.
Seven-County Cluster
County, Arizona, added 389,000 homes during the decade, followed by Harris County, Texas, which
added 301,000, and Clark County, Nevada, which increased its count by 281,000. Some of those
counties are now mired in the housing crisis, with empty blocks of overbuilt homes and no buyers.
Florida grew 110 percent. Teton County, Idaho, boosted its number of homes by 108 percent, and
Kendall County, Illinois, a Chicago suburb, grew by 107 percent.
units, up from 10.4 million in 2000.
Hardest Hit
changes in the percentage of homeowners and renters. The number of renters grew in San
Bernadino County, California, to 37.4 percent from 35.5 percent. Maricopa, also hit hard, had its
renter percentage climb to 35.5 percent from 32.5 percent.
homes, after Hurricane Katrina struck the Gulf Coast in 2005. Neighboring Orleans County lost
25,195 homes, or 11.7 percent of its housing units. McDowell County, West Virginia, formerly home
to an integrated mining operation for U.S. Steel, lost 2,260 homes, or 16.7 percent of its housing
stock.