Housing construction is increasing once again


A recent monthly report from the United States Census Bureau indicates that residential construction is beginning to claw back toward typical levels following steep drops in construction and permitting activities during the first months of the COVID-19 pandemic.

The report states that although building activity is still falling below levels observed in January and February of this year, new building permits, and new housing starts are both up relative to the months of March and April. Housing completions, however, fell between April and May, coinciding with the lowest levels of construction activity across the country. 

Previously on Archinect: "Is construction activity starting to rebound?" Image courtesy of PSMJ Resources.

According to the report, 1,220,000 single-family housing permits were issued in May, roughly 14.4% more than the revised rates reported for the month of April. This total, however, is still 8.8% lower than the number of new permits issued in May 2019. For the mon...

Antonio Pacheco via Archinect - News https://bit.ly/2VdZO3L

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