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Tuesday, March 31, 2020

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

Real Estate

By Metric Media News Service | Mar 14, 2020

Realestate077

The total number of multi-family homes under construction in November 2019 in the United States’ Midwest region was 433,200, compared to 426,800 for October, 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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