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Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels

Permits to Build Multifamily Housing Fall Below Pre-Pandemic Levels

by Phil Hall | May 2, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in during 2024, according to a new data report from Redfin (NASDAQ: RDFN). Last year’s figures marked a 27.1% decline from 17 units per 10,000 people during the pandemic-era...
Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents

Realtor.com: Drop in Multifamily Permitting Could Spur Hike in Rents

by Phil Hall | Mar 19, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The trend of declining rents could be reversed due to low multifamily permitting in the nation’s top 50 metros, according to a data analysis from Realtor.com. Within the top 50 metros, 294,000 multifamily units were permitted in 2024, which Realtor.com said was below...

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