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Friday, April 3, 2020

Authorization of construction on South US multi-family homes in October increases over previous month

Real Estate

By Metric Media News Service | Jan 25, 2020

Realestate3

The total number of multi-family homes authorized but not started in October 2019 in the United States’ South region was 294,900, compared to 257,200 for September, 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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