Austin, TX skyline

RICHARDSON, TX—On a metro area basis, a few individual cities inthe top 10 markets for apartment permits posted impressiveyear-over-year gains in October. On the whole, though, permittotals are plateauing, says RealPage.

Citing Census Bureau data, RealPage says local governmentsacross the country approved 416,000 apartment units in theyear-ending Oct. 31. That permitting activity, including 40,087units authorized during the month of October, represents a 13.4%increase over September's annual volume—which was down 17.4% fromthe previous month—and a 12.2% decline from October 2016's annualtotal.

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Paul Bubny

Paul Bubny is managing editor of Real Estate Forum and GlobeSt.com. He has been reporting on business since 1988 and on commercial real estate since 2007. He is based at ALM Real Estate Media Group's offices in New York City.