For non-residential building permits, how many permit issuances occurred in 2018?

Study for the Audit of Construction and Real Estate Industry Test. Review multiple choice and flashcard questions with hints and detailed explanations. Prepare yourself effectively for your exam!

Multiple Choice

For non-residential building permits, how many permit issuances occurred in 2018?

Explanation:
When you look at permit data, the count of issuances for a category in a given year is the total number of approvals granted, not applications or project values. For non-residential projects, this includes commercial, industrial, and institutional builds. In the 2018 data, the dataset shows 24,400 permit issuances for non-residential projects, which is why that figure is correct. Other numbers would correspond to different years or different permit categories in the same dataset, so they don’t match the 2018 non-residential issuance total. To verify, check the data table that lists permit issuances by category and year, confirming the year as 2018 and the category as non-residential.

When you look at permit data, the count of issuances for a category in a given year is the total number of approvals granted, not applications or project values. For non-residential projects, this includes commercial, industrial, and institutional builds. In the 2018 data, the dataset shows 24,400 permit issuances for non-residential projects, which is why that figure is correct.

Other numbers would correspond to different years or different permit categories in the same dataset, so they don’t match the 2018 non-residential issuance total. To verify, check the data table that lists permit issuances by category and year, confirming the year as 2018 and the category as non-residential.

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