DALLAS—A new report from Axiometrics—created primarily from USCensus Bureau data—suggests that multifamily construction permitingtook a wild ride in August.
The annual rate of 343,000 units represents a 13.4% decreasefrom July's total of 396,000 units, following a 28.2% increase theprevious month. The August rate represented a 17.5% increase fromlast August's figure of 292,000 units. MF permits have averaged366,000 units for the first eight months of 2014 and 369,000 unitssince August 2013.
The top 10 MSAs for MF permitting for the trailing 12 monthsending August 2014 were New York City, 25,299; Houston, 23,684;Dallas, 16,245; Los Angeles, 12,235; Seattle, 11,543; WashingtonDC, 10,522; Austin, TX, 9,898; Atlanta, 9,356; Phoenix, 7,578 andDenver, 7,177.
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Rayna Katz
Rayna Katz is a seasoned business journalist whose extensive experience includes coverage of the lodging sector, travel and the culinary space. She was most recently content director for a business-to-business publisher, overseeing four publications. While at Meeting News, a travel trade publication, she received a Best Reporting award for a story on meeting cancellations in New Orleans during Hurricane Katrina.
