Omnis Report Demonstrates Residential Construction Boom

October 11, 2021
Beverley BevenFlorez – CDJ Staff

Despite “unprecedented labor and construction shortages,” home construction has risen across the country, data from a report by Omnis shows.

Omnis “analyzed the data from 368 permit-issuing municipalities across the country, to understand new construction trends at both the national and local levels.” They focused their attention “on two periods: the number of permits issued in the first six months of 2020 and the number of permits issued in the first six months of 2021.”

Across the nation, the numbers demonstrated an “undeniable boom in new residential construction.” For instance, “over the past two years, permits issued increased 36 percent nationally, for all sized residential projects. 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 seven percent.”



714.701.9180

Arrange No Cost Consultation

 

Construction Defect Journal is aggregated from a variety of news sources, article submissions, contributors, and information from industry professionals.

No content on this site should be construed as legal advice or expert opinion. By viewing this site you agree to be bound by its terms and conditions

 

Copyright 2021 - Construction Defect Journal – All Rights Reserved