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Housing units surge to record high this year

October 14, 2024 | Spokane, Spokane County, Washington


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Housing units surge to record high this year
In a recent government meeting, officials reported a significant milestone in housing development, revealing that a total of 1,245 housing units have been issued year-to-date. Notably, approximately 75% of these units are classified as multifamily housing, indicating a strong trend towards this type of residential construction.

The meeting highlighted that September saw the issuance of 179 housing units, reflecting a recovery from a slower pace observed in June, which was attributed to units being under review during that period. This uptick in multifamily housing development suggests a growing demand for such living arrangements, aligning with broader trends in urban housing markets.

Officials emphasized the importance of continuing to monitor these developments to ensure that housing supply meets community needs effectively.

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Scribe from Workplace AI
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