A significant share of census building permit data is imputed, Jay Parsons notes

A significant share of census building permit data is imputed, Jay Parsons notes
Census building permit data questioned

Jay Parsons raises concerns about the accuracy of U.S. Census data on building permits. Parsons points out that approximately 25% of the reported data is imputed, or estimated, rather than pulled directly from municipalities.

He remains skeptical that multifamily building permits are showing meaningful increases.

Parsons recently reported that AvalonBay and Equity Residential completed a merger to form Vivmark Residential with 184,000 apartment units. He also covered how new rent control in Maryland suburbs has led apartment investors to favor Northern Virginia. These previous reports focus on shifts in the multifamily housing sector and investor activity.

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