The Hottest Cities for Multifamily Development

Builder Magazine says the construction numbers have been all over the map from month to month, but a pattern is emerging that reveals several markets to be reliable hotbeds for the development of multifamily buildings.
April 4, 2011, 8am PDT | Tim Halbur
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New York and Los Angeles are in the Top 3, not surprisingly, but Houston is a firm 2nd with 5,169 permits filed in 2010. Los Angeles permits were up 63 percent from the previous year.

Builder reports:

"Based on sharp permit increases in many major markets, it looks as though the long-vaunted rise in demographically favored multifamily construction may be close at hand."

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Published on Thursday, March 24, 2011 in Builder Magazine
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