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DC's New Residential Construction at Highest Point in Decades

  • August 19th 2015

by Tianna Mañón

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DC's New Residential Construction at Highest Point in Decades: Figure 1
Annual number of building permits. Click to enlarge.

DC residential construction is at its highest point in decades, according to a post published by District, Measured on Tuesday, which likely comes as no surprise to readers of this publication or anyone that walks around and looks toward the sky in this city.

The District of Columbia’s Office of Revenue Analysis looked at the area population and the number of construction permits issued to come to this conclusion.

From District Measured:

The District is currently experiencing its most expansive phase since the 1960’s, with regards to both population and construction of new residential buildings (measured by building permits). More permits are being issued than ever before and population has now reached the levels of the late 1970’s.

This article originally published at http://dc.urbanturf.production.logicbrush.com/articles/blog/what_does_construction_permits_say_about_the_economy/10261.

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