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Cape Coral, FL—at risk from natural disasters—is permitting more multifamily housing than anywhere else in the U.S. Austin ranks second, but has seen a significant slowdown in permits
(NASDAQ:RDFN) —Builders obtained permits to construct 13 multifamily housing units for every 10,000 people in the U.S. so far this year, down nearly 30% from an average of 18 during the same periods in 2021-2023.That's according to a new report from Redfin (redfin.com), the technology-powered real estate brokerage.
The report is based on a Redfin analysis of U.S. Census Bureau data covering building permits for multifamily units in buildings with five or more units during the first five months of 2024, and the same periods in 2021-2023. National figures cover the entire U.S., while the metro sections below cover the 79 U.S. metros with populations of at least 750,000.
