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.

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."

Full Story: Hottest Multifamily Markets for 2011

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