Multifamily permits and starts have plateaued in recent months, while single-family activity has surged.
Roughly 365,000 building permits for multifamily construction were issued on a seasonally adjusted annual rate in October. Permit levels were down 5.9% from September and more than 30% from last year. Multifamily permits have plateaued, averaging at about 380,000 units since August.
Read more...Single-Family Permits Keep Climbing, Multifamily Levels Of via RealPage