The new inventory of landmark condos and condominium units in New Mexico, which have been rebranded as condo towers in anticipation of a boom in condominium sales, has reached a record high, according to an Associated Press analysis of the data.
The new inventory includes nearly 4,000 new condo towers and condo condominium structures in New Mexicans that were added in 2016.
That’s more than any other year in the past 20 years, and it exceeds the average of the previous three years, according the AP.
The inventory is based on sales data from the New Mexico Real Estate Board, the state’s real estate agency, which provides an average of new housing units per week to the Associated Press.
The data is not official and is based solely on sales to AP reporters.
New Mexico was the first state to begin counting landmark units when it opened the data to the public in June 2016.
New Mexico has the nation’s highest rate of new condo construction per capita and the highest percentage of new condos being purchased in New Mexican homes.
New York, California, and Texas also added landmark condo towers during the same period.
That makes up the nation and U.S. Census Bureau’s total of 2,717,000 condos in New Hampshire, the second-highest in the country behind Hawaii.
New Hampshire’s condo boom has been a boon for local developers and home builders.
The state has added nearly 500 new condo units since 2015.
But the state has also had a slow start to the housing boom, and many new condo buildings are only in the process of being built, the AP reported.
New Jersey and Pennsylvania are the only states to have no new condos on the market in the first half of this year, and only in New Jersey do all the landmark projects have been fully completed.
The AP said New Jersey is the only state with no landmark towers and condo units on the ground in the early stages of a housing boom.
A second, similar analysis of New Mexico’s new condo inventory will be released Tuesday.
The AP analysis comes as developers are trying to build a new housing market in New England, one that is being driven by a boom of luxury apartments and condos.
The new market is expected to drive the nation as new construction starts in New London, Conn., and Providence, R.I., and the region is expected soon to see the biggest new condo growth in nearly a decade.
The condominium boom in New Haven and Stamford, Conn.
has been driven by the city’s burgeoning condo boom.
The city’s condominium and office market is already in the top 10 for new listings in the U.N. World Health Organization, and the trend is expected continue, the Associated Post reported.