By: New_Deal_democrat
If the constructioin of single family homes has completely stalled for the last 16 months, apartment and other multifamily construction is on a tear. Here's the same graph comparing single family permits with multiunit permits that I started yesterday's post with, showing that literally all of the improvement in homebuilding since then has been in multifamily units of 5 or more, typically apartments and condominiums:
In contrast to single family homes, apartment/condo building has completely recovered to its pre-Great Recession level:
In fact, as this above graph shows, more multifamily permits were taken out in April than at any point in the last 25 years except for 3 months.
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