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Friday, December 6, 2019

Authorization of construction on South US multi-family homes in June falls over same month last year

Real Estate

By Local Labs News Service | Nov 10, 2019

Realestate077

The total number of multi-family homes for which construction was authorized but not started in June 2019 for the United States’ South region was 35,000, compared to 36,300 for June 2018, according to figures released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development.

Unadjusted statistics are gathered from the Census Bureau’s Building Permits Survey and the Survey of Construction.

The surveys provide current national and regional data on the construction of new privately owned housing units authorized by building permits.

The results provide insight on the nation’s current economic activity, and are used by business and industry stakeholders to help gauge supply and demand.

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