How Does Each State Rank for Housing Supply and Affordability?

New housing supply improves affordability, with Southern and Midwestern states leading in new construction and affordability. South Carolina topped the list, offering new homes priced 8.2% lower than existing ones. Texas also scored well, issuing 15.3% of national construction permits. In contrast, Western and Northeastern states like California, New York, and Rhode Island received failing grades due to high prices and limited new construction.