Grand Rapids Reporter

Grand Rapids Reporter

Monday, December 16, 2019

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

Real Estate

By Local Labs News Service | Nov 19, 2019

Re 10

The total number of multi-family homes for which construction was authorized but not started in June 2019 for the United States’ Midwest region was 6,900, compared to 12,800 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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