Chicagoland Residential Construction Still Down Substantially From Historical Norms

by Peter Thomas Ricci

Though our marketplace has traversed quite the terrain since 2008, new data shows that it still has quite a bit of ground to cover.

We report quite regularly on building permits at the national level, but how have permits been in our local market in 2014, especially compared with historical levels?

Using some great new data from Trulia, we’ve put together the following graph showing just that:

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