West Central Michigan News

West Central Michigan News

Friday, December 6, 2019

Completed construction of Midwest US multi-family homes in July increases over previous month

Real Estate

By Metric Media News Service | Dec 2, 2019

The total number of multi-family homes completed in July 2019 in the United States’ Midwest region was 58,500, compared to 15,300 for June, 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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