East Wake Times

East Wake Times

Tuesday, March 31, 2020

South US multi-family homes under construction in June increases over same month last year

Real Estate

By Local Labs News Service | Oct 29, 2019


The total number of multi-family homes under construction in June 2019 for the United States’ South region was 237,900, compared to 207,600 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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