Capital Region leads upstate with housing unit growth
[anvplayer video=”5182029″ station=”998132″]
As New York struggles with a shortage of homes for sale and rent, new statistics show the Capital Region led upstate in growing its inventory of housing units in the past decade.
Between 2010 and 2020, the number of housing units in the Capital Region increased by more than 5%, according to the Center for Economic Growth. Only the New York City region had a faster growth rate.
Saratoga County led the way locally, with an 11.4% housing unit growth during that time period.
Albany County was 10th in the state, with a 6% increase.
The Capital Region also saw a sizeable increase in its number of non-family households, with householders who lived alone.
Saratoga County ranked first for growth in this category, increasing by a whopping 24%.
As New York struggles with a shortage of homes for sale and rent, new statistics show the Capital Region led upstate in growing its inventory of housing units in the past decade.
This submission comes to us from the Center for Economic Growth.