Home Maintenance: 10 States Where No One Wants a New Home

A recent report by 24/7 Wall Street listed the top ten states where no one wants a new home. By examining building permits, they were able to get a reasonable indicator of future home construction. The also looked at the number of permits issued in relation to the number of existing homes in the state.

Gutter Guard Home Maintenance

Home maintenance is important to ensure a home maintains its curb appeal relative to its neighbors and to ensure its long term value.

Surprisingly, they found the list different than the worst housing markets on record (the primary reason for their analysis was to determine the state of the economy, where new home building is a leading indicator). Traditionally, states like California, Florida and Nevada are on the list in poor housing markets since, they noted, homes are vacant and home values continue to drop. None of these states were on the list this year. In 24/7 Wall Street’s analysis, they have drawn the conclusion that home prices in these three states have dropped so low that home inventory has begun to move, even if just a little bit. Markets where there are very few permits being issued are the ones where builders believe there are not likely to be any near-term sales.

For their full report with details for each state, you can click on this link.

These are the states where no one wants to buy a new home:

1. Rhode Island
Building permits/total housing units: 0.07%
Total housing units: 463,388

2. West Virginia
Building permits/total housing units: 0.09%
Total housing units: 881,917

3. Illinois
Building permits/total housing units: 0.09%
Total housing units: 5,296,715

4. Michigan
Building permits/total housing units: 0.09
Total housing units: 4,532,233

5. Connecticut
Building permits/total housing units: 0.09%
Total housing units: 1,487,891

6. Ohio
Building permits/total housing units: 0.12%
Total housing units: 5,127,508

7. Massachusetts
Building permits/total housing units: 0.12%
Total housing units: 2,808,254

8. New York
Building permits/total housing units: 0.14%
Total housing units: 8,108,103

9. Maine
Building permits/total housing units: 0.14%
Total housing units: 721,830

10. Pennsylvania
Building permits/total housing units: 0.15%
Total housing units: 5,567,315

For those of us who own a home in one of these states, what does this mean? A quick look at the list and we’ve noticed most of these states have well established towns and infrastructure. Many people will not look to buy a new home, but an existing one; there just isn’t the land to continue to build around the major metropolitan markets in many of these states without stretching a homeowner’s commute to several hours.

We all have to properly maintain what we’ve got. In a prior post, we discussed this point, noting that our home is our biggest asset. It’s also not the one where you’ll want to take short cuts or leave a problem for too long. A poorly maintained home stands out in the neighborhood and to any future purchaser.

Sometimes it’s the things that you can’t see that can help maintain a home’s value. A new master bath may look nice, but it’s delivering less to the value of a home than it used to. Installing a gutter guard isn’t a visible improvement, but it costs a fraction of the new bath and can eliminate many problems that result from water getting where it shouldn’t. Best of all, it can take a huge seasonal “honey-do” chore off our plates, and who wouldn’t agree to that!

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MasterShield manufactures gutter guards and gutter heaters for your exterior home improvement needs.
Our innovative microfiltration technology saves homeowners time, effort and money from cleaning out, repairing and replacing unprotected gutters.
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