Capital District Times

Capital District Times

Tuesday, March 31, 2020

Northeast US multi-family homes under construction in December fall over previous month

Real Estate

By Metric Media News Service | Mar 25, 2020

Re 4

The total number of multi-family homes under construction in December 2019 in the United States’ Northeast region was 229,800, compared to 243,800 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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