Chicago-Naperville-Elgin, IL-IN-WI MSA Monthly Housing Market Characteristics

Housing Market Conditions Situation & Outlook Report
-- Updated Monthly -- a part of the ProximityOne Housing Conditions Information Service.

Chicago-Naperville-Elgin, IL-IN-WI Metropolitan Statistical Area (CBSA 16980)

This report provides historical trend data, current estimates and projections of housing characteristics for this metro. See more about these reports and information service below.

2015 Residential Construction; Housing Units Authorized & Value
For more information, detail & to compare areas use interactive table.

Item	Jan15	Feb15	Mar15	Apr15	May15	Jun15	Jul15	Aug15	Sep15	Oct15	Nov15	Dec15	2015
Total Residential Units	416	1,448	1,260	1,791	1,285	1,567	1,282	1,578	1,116	1,370	2,166	1,118	14,819
in 1 unit bldgs	321	272	676	773	728	757	753	721	690	784	628	488	6,870
in 2 unit bldgs	0	2	12	22	16	14	14	18	28	40	12	20	180
in 3-4 unit bldgs	7	9	37	22	41	23	57	37	86	157	53	80	572
in 5+ unit bldgs	88	1,165	535	974	500	773	458	802	312	389	1,473	530	7,197
Bldgs with 5+ units	8	10	15	15	21	23	20	17	24	28	38	21	223
Percent Coverage	100	100	100	100	100	100	100	100	100	100	100	100	1,100
Value ($000), Total Units	117,768	191,875	312,133	384,941	299,365	351,612	265,366	311,580	253,311	312,242	696,489	230,637	3,415,739
1 unit structures	94,805	80,584	183,142	212,586	201,818	224,226	220,059	193,667	201,328	227,463	193,711	148,736	1,988,458
2 unit structures	0	200	2,477	3,286	2,101	2,164	1,791	2,420	3,913	4,036	3,519	3,442	26,929
3-4 unit structures	890	1,217	7,224	3,836	6,089	3,458	9,271	5,584	9,353	22,083	10,083	12,781	86,285
5+ unit structures	22,073	109,874	119,290	165,233	89,357	121,764	34,245	109,909	38,717	58,660	489,176	65,678	1,314,067

2016 Residential Construction; Housing Units Authorized & Value
For more information, detail & to compare areas use interactive table.

Item	Jan16	Feb16	Mar16	Apr16	May16	Jun16	Jul16	Aug16	Sep16	Oct16	Nov16	Dec16	2016
Total Residential Units	1,655	1,017	1,911	1,069	1,482	996	1,997	*	*	*	*	*	*
in 1 unit bldgs	374	412	716	753	737	790	709	*	*	*	*	*	*
in 2 unit bldgs	8	0	16	24	10	20	22	*	*	*	*	*	*
in 3-4 unit bldgs	26	38	46	43	30	42	80	*	*	*	*	*	*
in 5+ unit bldgs	1,247	567	1,133	249	705	144	1,186	*	*	*	*	*	*
Bldgs with 5+ units	32	15	35	26	24	16	21	*	*	*	*	*	*
Percent Coverage	100	100	100	100	100	100	100	*	*	*	*	*	*
Value ($000), Total Units	432,981	177,925	289,150	252,017	311,305	251,742	335,319	*	*	*	*	*	*
1 unit structures	121,846	119,407	213,817	207,499	220,555	221,687	234,150	*	*	*	*	*	*
2 unit structures	1,553	0	3,917	3,826	1,585	3,489	4,102	*	*	*	*	*	*
3-4 unit structures	5,584	8,071	8,036	6,916	5,885	7,294	10,878	*	*	*	*	*	*
5+ unit structures	303,998	50,447	63,380	33,776	83,280	19,272	86,189	*	*	*	*	*	*

.. cells with asterisk/* are available in subscriber version.
.. See more about residential construction: http://proximityone.com/metro_residentialconstruction.htm.

Availability
This report is updated monthly and available for each of 340 metros (CBSAs), 740 counties, and 9,000 cities/places. See about county/city availability and interactive data table. Contact us for more information on subscriptions.

The data are available in report form and as data files for use with spreadsheet templates and GIS applications -- mapping and geospatial analysis with optional additional data and drill-down geography (census tracts).

About the Data
New authorized residential construction monthly time series data enable analysts to examine trends and can provide insights into business cycles, upturns and downturns. It may take four months to establish an underlying trend for building permit authorizations, five months for total starts and six months for total completions.

Data on construction authorized by building permits are based upon reports submitted by local building permit officials. We use two sources of reported data.
• C-404, "Report of Building or Zoning Permits Issued and Local Public Construction"
.. data updated monthly based on the Census Bureau mail survey of permit issuing cities/places and counties.
.. these data have a 2-month lag from reference month to data access date.
• DIrect collection of permits issued for current month by ProximityOne
.. updated monthly based on ProximityOne direct data collection from permit issuing agencies.
.. these reduce the lag in most recent data from 2 months to one month.

Single Family Houses - Includes all detached one-family houses. Also includes all attached one-family houses separated by a wall that extends from ground to roof with no common heating system or interstructural public utilities. Includes prefabricated, sectionalized, panelized, and modular homes which are manufactured partially off-site, but which are transported and assembled at the construction site. Excludes mobile homes.

Two-Family Buildings - Includes all buildings containing two housing units which may be one above the other or side-by-side. If built side-by-side, they (1) do not have a wall that extends from ground to roof or (2) share a heating system, or (3) have interstructural public utilities such as water supply/sewage disposal.

Three- and Four-Family Buildings - Includes all buildings containing three or four housing units. If built side-by-side, they (1) do not have a wall that extends from ground to roof, or (2) share a heating system, or (3) have interstructural public utilities such as water supply/sewage disposal.

Five-or-More Family Buildings - Includes all buildings containing five or more housing units. If built side-by-side, they (1) do not have a wall that extends from ground to roof, or (2) share a heating system, or (3) have interstructural public utilities such as water supply/sewage disposal.