National Construction Rate Still Advancing – West Michigan Booming with Multi-Housing
As reported by Michigan Construction News:
According to the U.S. Census Bureau, in July total construction put in place throughout the nation rose 0.7% from June’s revised estimate. July set an annual rate of $1,083.4 billion. The revised June rate was $1,075.9 billion.
Construction during the first seven months of this year has risen at an average rate of 9.3% above the rate set during the same period last year.
The Census Bureau is scheduled to release its August 2015 data on October 1st.
September 4, 2015
As reported by Mlive.com:
Apartment construction boomed in first half of 2015
GRAND RAPIDS, MI – Apartment construction boomed in West Michigan during the first half of 2015, according to a housing construction publication.
Building starts for single family homes were flat in West Michigan with the exception of Ottawa County, where the number of housing starts grew by 25 percent, according to Builder Track Reports, which follows the region’s construction trends.
In Kent County, building permits were issued for 662 apartment units, most of them in Grand Rapids. That’s more than twice the 324 units started in the first half of 2014.
July 16, 2015