Auburn Times

Auburn Times

Monday, March 30, 2020

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

Real Estate

By Metric Media News Service | Mar 25, 2020

Re 14

The total number of multi-family homes under construction in December 2019 in the United States’ South region was 529,200, compared to 518,700 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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