From Home Furnishing Business
Fast Fact: U.S. Building Permits, Single-Family Versus Multi-Family
2019 by Laurie Northington in Business Strategy, Industry
In many metropolitan areas, critically low inventories and subsequent rising home prices and rental rates are locking out new home buyers and impeding moves at a time when the economy is growing and employment is high.
With regards to new building permits, some markets have shown significant growth in single family homes and/or multi-family homes, according to data from the U.S. Census Building Permits.
For single family units only, Phoenix leads the way with 1,509 building permits added from 2017 Q2 to 2018 Q2, followed by Santa Rosa, CA with 1,007.
From the 2nd quarter of 2017 to the 2nd quarter of 2018, Houston tops off the list for MSAs with the largest growth of multi-family units at 4,525, followed by Orlando with 3,767 and Charlotte with 2,892.
For a closer look at the numbers, click here.