Permits to build u.s. apartments have fallen 23% since the pandemic construction boom

Seattle--(business wire)--developers obtained permits to build an average of 12.8 multifamily housing units for every 10,000 people in the u.s. over the past year, according to a new report from redfin, the real estate brokerage powered by rocket. that's down 23.1% from an average of 16.7 during the pandemic building boom, and down 1.1% from an average of 13 in the years leading up to the pandemic. this is according to a redfin analysis of u.s. census bureau data covering building permits for m.
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