2. The object of this thesis is to gauge the state of recovery
in the housing sector (and the larger economy) by
analyzing the number of building permits issued in 2012
for housing starts.
This data is taken directly from the US Census Bureau.
Supporting points:
• A comparison of states by the number of housing starts
in 2012.
• A comparison of trends in individual states over the past
decade.
• An analysis of housing starts by state, weighted by 2010
Census data
3. The methodology:
1. Examine state and national trends in housing starts over
the past decade (FY2002 - FY2012.) This will be done
using a surface and a series of sparklines.
2. Examine the geographic trends in housing starts using
raw data. This is done using a map or surface map.
3. Adjust the raw housing start data vs. 2010 Census
population figures. This is done to gauge where the most
housing is being constructed per capita. Again, this is
depicted using a map or surface map. The data was
adjusted using this formula:
housing starts / population x1000
to provide an integer for each state to use as a scale for
color-coding a map or projecting a surface.
6. Preliminary map of findings. TX, FL, CA, NY, NC, WA, AZ, CO, VA,
NC, and GA show the strongest numbers of housing starts in
2012. Keep in mind that these are highly populated states.
7. Preliminary map of adjusted figures. TX, NC, and CO still show
strong housing numbers, while other populated states such as
IL, NY, GA, and CA show softer housing markets, when weighted
against the number of people living there. The Dakotas show
particularly strong growth.
8. The conclusion:
All states were negatively affected by the housing crash.
Some are recovering faster than others. Many states in
the south and midwest still show little sign of recovery,
while others in the south/southeast and west show
stronger numbers in 2012 than in the past 5-6 years.
Housing numbers in almost all states were still substan-
tially lower in 2012 than they were 8-10 years before.
High numbers of housing starts in a particular state are
not necessarily indicitive of a productive housing market,
as noticed when population is taken into account.