DC’s New Residential Construction at Highest Point in Decades

by Tianna Mañón

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.com/articles/blog/what_does_construction_permits_say_about_the_economy/10261

1 Comment

  1. Tom in Michigan Park said at 8:39 pm on Wednesday August 19, 2015:
    How notable that the two decades with the lowest levels of investment coincided with the reign of Marion Barry. Disinvestment, population loss, crack wars, murder capital of the world, national laughingstock...pretty much sums up his dysfunctional leadership (particularly in his last three terms). The city will be recovering from that for years. It's fantastic to see our recovery and growth over the past 15 years. Keep it coming!

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