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.”