After reaching a four-year high in August, multifamily permit levels fell in September, according to U.S. Census figures.
Multifamily permits fell about 7.5% from August but remain up about 20.8% from a year ago. The seasonally adjusted annual rate (SAAR) for annual multifamily (of projects with five-plus units) starts fell by more than 28% from August and by 5.8% from September 2018.
Read more...Multifamily Building Permits Retreat from Recent High via RealPage
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