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19 Mar
16:24

Apartment construction in the US declines

The number of apartments built in the US declined by 15,000 units from 2017 to 2019, Kallanish learns from the US Census Bureau. According to the Bureau's survey of market absorption (SOMA) of new multi-family units, the number of new apartments built in 2019 remained statistically unchanged from 2018 at 279,000 units. However, the level of apartment construction in 2019 is down 15,800 units from 2017's level, 294,800 units, the past five year…
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