This graph shows the percent of existing homes that were built in a given year in San Francisco (an old city), Houston (a new city) and Las Vegas (a very new city). It’s interesting to correlate the peaks and troughs with events like the San Francisco earthquake at the turn of the century, the Great Depression in the 30s, World War II and other significant events.
After the April 18, 1906 earthquake in San Francisco, there was a significant spike in home builds — the yellow line shows that 2.2% of San Francisco homes were built in 1906, 2.4% were built in 1907 and 2.65% were built in 1908 (these numbers might sound small, but SF hasn’t gone above 1% since 1951!).
Taking a look at Houston from the late 70s to early 80s, it looks like the Oil Embargo bolstered home building in the city, which abruptly ended when the embargo was lifted in 1986 (ah, oil and money bring back fond memories of Dallas…).
And Vegas baby? Roughly 45% of all homes on the market were built in the past 10 years. Maybe all those kids that played poker online have decided to take it up full time.
Any other interesting observations? We’d love to hear them!
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