Multifamily Permitting Falls 9% in January
https://www.realpage.com/analytics/january-2024-multifamily-permit-update/
Multifamily permit volumes continued to fall in January, while single-family permits climbed.
Multifamily permit volumes continued to fall in January, while single-family permits climbed.
The annual pace of multifamily permitting and starts fell more than 30% in September.
Job growth in the nation’s top markets is leveling off, holding steady despite economic headwinds, in the latest data from the Bureau of Labor Statistics.
Despite trending downward, market-level job gains continue to surprise economic experts by remaining strong.
Metro-level job growth continues at a solid pace, according to the latest data from the Bureau of Labor Statistics.
The Austin apartment market has seen sizable supply in recent years, but construction activity is fading.
Unemployment rates were deepest in the West, and smallest in the South and Midwest in December.
Multifamily starts jumped in February, as residential development was inspired by better weather and tight inventories.
The U.S. apartment market is on track to grow by more than 400,000 units this year, a number boosted by some massive individual projects. The largest conventional apartment projects scheduled to deliver in 2021 are being built on the east and west coasts. Three of the 10 largest projects are set to come online in read more
Multifamily permits and starts reversed a recent trend of year-over-year declines, according to the U.S. Census Bureau’s February report.