Industry NewsMarkets & Economy

New Orleans housing still in short supply

Construction hasn't kept pace with demolitions
Published on Sep 13, 2010

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Despite a building boom, there are still 75,000 fewer residential housing units in the New Orleans metro area than before Hurricane Katrina, and housing costs are up by one-third, according to a survey by the U.S. Department of Housing and Urban Development.

While 24,700 new housing units were built between 2004-09, the New Orleans metro area still has 13 percent housing fewer housing units than the 587,000 in place before Katrina struck, HUD said.

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