Monday, October 15, 2012

Homes

There are an estimated 12,616 housing units in the city of Bristol.

So when were they built do you ask?

Well, the largest growth period took place in the 1950's when nearly 1 in 5 units were built.

Every decade before and since has seen housing construction in a tight range of 11-14% of the total supply - until the 2000's.

The first half of the 2000 decade was plugging along in the normal range and then the great recession of 2008 and the housing economic bubble arrived.  With those sobering events as a backdrop, housing construction significantly slowed after 2004 with homes built after that date representing only 2.4% of all housing units in the city.

Interestingly, only 13% of all housing units were built earlier than 1940.

Home construction is again picking up - which is good news.

And now you know.