Dive Brief:
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The fastest-growing large markets for new homes over the past year are in Central Florida, where demand has increased by 24.3%, and Charlotte, NC, which has see a 23.4% rise.
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Even Atlanta, which was particularly hard-hit by the recession, enjoyed a 22.9% increase in demand for new homes between April 2013 and this past spring.
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Other cities on Metrostudy’s list of the 15 fastest-growing new home markets are: Reno; Rio Grande Valley; northern Virginia; Jacksonville; Sarasota/Bradenton; St. George/Mesquite; Austin; Houston; Nashville; Dallas/Fort Worth; central California; and south Florida.
Dive Insight:
The biggest gainers, Reno (99.1 % growth since last year) and Rio Grande Valley (38.7%), topped the list because they started the 12-month study period with ultra-low demand, so the percentage of growth they have experienced appears outsized, even though home sales are far lower there than in the larger cities in the survey.