Shiawassee Times

Shiawassee Times

Monday, March 30, 2020

Midwest US multi-family homes under construction in December increase over previous month

Real Estate

By Metric Media News Service | Mar 25, 2020

Realestate1

The total number of multi-family homes under construction in December 2019 in the United States’ Midwest region was 152,800, compared to 144,400 for November, 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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