For the record, in 2010, there were an estimated 13,500 housing units built in New Jersey over the course of the year. That doesn't sound like so many, does it? That was still up from 12,235 units in 2009, which was the lowest year on record, stretching back to when these records were first kept during World War II.
Like a lot of things in this economy, our state's housing starts are headed in the right direction, but they're a long way from healthy. One economist predicts that housing units in New Jersey will be up to 15,000 in 2011, which is a step up, but would still be the third-lowest figure in history.
These figures come from this very thorough - and somewhat pessimistic - look at the state's real estate landscape. If you're interested in where New Jersey's housing market is headed, I recommend you give it a click.
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