Greater Boston grew its housing stock at by 6.2 percent over the last 10 years, according to new Census Bureau data analyzed by apartment rentals website Apartment List, but it wasn’t nearly enough to accommodate job growth over the same time period.

The report, which used new Census Bureau estimates of how many housing units communities had in 2020, found that the Boston Metropolitan Statistical Area – Essex, Middlesex, Norfolk, Plymouth and Suffolk counties, plus New Hampshire’s Rockingham County – together added 116,603 new housing units between 2010 and 2020, a growth rate of 6.2 percent. That put it at 58th place among the nation’s largest 100 metro areas, behind only the Washington, D.C. metro area (8.1 percent growth) among large cities in the Northeast.

The growth rate meant the Boston area added 3.4 new jobs, as estimated by the federal Bureau of Labor Statistics, for every new house, condominium or apartment that was built during that decade, helping set the stage for the run-up in home prices over the last several years, including a record-breaking last 12 months.

The year-to-date median single-family sale price in Massachusetts hit $465,000 in April according to The Warren Group, publisher of Banker & Tradesman, a 15.7 percent jump over the same figure in April 2020 and a 24 percent jump over April 2019. The number of houses sold through April 30 is up 11.5 percent over the same figure in 2020 and 8.7 percent over the same day in 2019. The median year-to-date condominium price is $439,900, up 22.5 percent over April 2019, with total sales up 28.7 percent on the same basis.

“A healthy housing market should add a new housing unit for every 1-2 new jobs as the local economy grows,” Apartment List said in a statement, adding that the Boston metro’s growth rate suggests “that the area is building insufficient new housing to keep pace with demand.”

Within the six-county area that the Census Bureau defines as the Boston metro area, former Boston Mayor Marty Walsh’s drive to build more homes in his city showed. Suffolk County saw the most new housing built from 2010 to 2020, growing by 10.4 percent, while Essex County saw only 3 percent growth in its number of housing units and the area’s suburban counties overall averaged an increase of 5.3 percent.

Elsewhere in the state, the Worcester area saw significant growth, adding 13,710 housing units for a growth rate of 3.6 percent over the decade. The Springfield area – Hampden and Hampshire counties combined – added only 4,578 units, for an overall growth rate of 1.6 percent, with Hampshire County growing at 2.8 percent. Greater Worcester added 3.3 new jobs per new home and Greater Springfield added 6.1 jobs per new home, suggesting a rapidly growing need for more housing.

Greater Boston Housing Construction Can’t Keep Up

by James Sanna time to read: 2 min
0