Pennsylvania Home Construction Down 60 Percent from 2004 Peak

Fayette, Lackawanna and Philadelphia counties weren’t factored into parts of the analysis due to missing or incomplete information, the report clarified.

After the 2008 housing crisis, annual housing permits found a new normal that was much lower than what was seen through the 1990s and early 2000s. As construction declined after the housing crash, demand outstripped supply, leading to higher housing costs across the commonwealth.

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