Urban Real Estate

Chicagoland Construction Hits Post-crash High

Chicagoland Construction Hits Post-crash High

New construction in the Chicago metro area reached a post-recession high in 2016, according to the latest research.

There were a total of 6,800 new homes built in the area last year, Metrostudy found and while that is small compared to 36,000 in 2006 it was a 13 percent increase over 2015.

Three quarters of homes built in the city were priced at or above $250,000 and the largest percentage was priced between $300,000 and $399,000. Only 7 percent were priced below $200,000.

Read more at the Chicago Tribune here.