US Census Reports New Construction on Structures with Five or More Units up 54.9%

Posted by Highrises.com Concierge on Tuesday, March 19th, 2013 at 12:36pm.

The Feburary 2013 report from the US Census revealed some interesting news for multi family units.  New Privately-Owned Housing Units Authorized in Permit-Issuing Places increased 54.9% from Feburary 2012 to Feburary 2013.

New Housing Starts Feb 2013

In February 2013, 285,000 buildings with five or more units began construction for units in buildings with five units or more, up from 240,000 in February 2012.  As the economy recovers, we expect more completed projects as many we on hold or canceled from 2008-2012.

View some recent developments in Highrises.com's New Buildings Blog.



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