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Sign in Sign up for a FREE subscriptionResidential building up 36%, according to Census Bureau data
The national numbers show the United States is experiencing an undeniable boom in new residential construction. During the past two years, permits issued increased 36 percent nationally for all sized residential projects, according to Omnis Panels. It analyzed more than two years of data from the U.S. Census Bureau and the U.S. Department of Housing and Urban development. For single-family homes, the increase was 30 percent.
For large buildings containing five or more units, the increase was 21 percent. Also during this period, the average value of a newly constructed single-family home increased 7 percent.
Single-family home construction trends include:
The largest increases in permits issued among all municipalities. The largest increases in permits issued among municipalities that issued 1,000 or more from January to June 2020. The largest increases in permits issued among municipalities with 30