| The Planning Department annually inventories
construction of new housing based on building permits issued. Since 1990, these data show
a steady investment in new housing, in terms of the number of units built and the
estimated value. A total of 4,622 new residential
units have been built in Akron since 1990. Over 200 single and two family homes have been
built every year since 1994, with 298 homes built in the peak year (1995). Condominium and
apartment construction has diminished somewhat since the peak year 1995. Never the less,
almost $66 million has been invested in these units over the past 12 years.
The attached table
(23k pdf) summarizes residential new construction activities since 1990, including changes
in number of units, the total estimated value buildings and the average per unit value
from year to year. |
