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North Bluegrass News

Tuesday, February 18, 2020

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

Real Estate

By Metric Media News Service | Jan 26, 2020

Realestate2

The total number of multi-family homes completed in October 2019 in the United States’ South region was 63,600, compared to 58,200 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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