Apartment builders hit pause button during the pandemic


Dallas-area multifamily building permits are down by almost 9% as of April.

Dallas Morning News (June 15, 2020) -- Apartment builders hit the brakes as the COVID-19 pandemic hit.

Nationwide multifamily building permits were at a four-year low in April, according to a new report by RealPage.

And construction starts across the country plunged 40% from April 2019 totals.

“Multifamily permitting dipped to 373,000 units on a seasonally adjusted annual basis in April, the lowest annual rate since April 2016,” RealPage’s Chuck Ehmann said in the latest report. “That number was down 12.4% from March and was 22.6% lower than the rate from the same period in 2019.”

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