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The non-nullable type is 'String' within parent type 'Content'","path":["readnext","contents",5,"uri"],"extensions":{"classification":"NullValueInNonNullableField"}}],"data":{"articleData":{"uri":"/2024/10/01/multifamily-permits-drop-16-8/","canonicalUrl":"https://www.globest.com/2024/10/01/multifamily-permits-drop-16-8/","generatedId":"fmj45fmfjgf","naturalId":"blogAndPostId/blog/post/296-292632","type":"ARTICLE","postFormat":"news","kickerPresentedBy":null,"breadcrumb":[],"presentedBy":"","title":"Multifamily Permits Fall 16.8%","readtime":"3","timeToRead":"3 minute","prettyModified":"October 01, 2024 at 09:36 AM","prettyDateTime":"October 01, 2024 at 04:43 AM","needToKnow":[],"byline":"Philippa Maister","showDisclaimer":true,"authors":[{"name":"Philippa Maister","description":"","imageLarge":"https://secure.gravatar.com/avatar/967602c12a460e2f1e9210ea3b974dae?s=136&d=mm&r=g","webUrl":"/author/profile/philippa-maister/"}],"publication":"Globe Street","kicker":"Analysis","kickerNode":[{"name":"Analysis","slug":"analysis","uri":"/analysis/","sectionName":"Analysis"}],"prettyDate":"October 01, 2024","pubDate":"2024-10-01 04:43:19.000","modifiedDate":"2024-10-01 09:36:26:135","isDownload":"false","primaryCategory":{"channelName":"","sectionName":"","name":"","uri":"","slug":"","channelUri":""},"tags":[],"image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2020/08/lumber-construction-resized.jpg","width":"620","height":"372","alt":"lumber construction"},"embed1":"<script id=\"infogram_0__/g3sTZ3iHtUqXwbwmOPpP\" title=\"Top Metros for Multifamily Permits\" src=\"https://e.infogram.com/js/dist/embed.js?EbX\" type=\"text/javascript\"></script>","embed2":"","summary":"Some markets saw particularly significant declines.","categories":[{"name":"National","uri":"/markets/national/","channelName":"GlobeSt Market"},{"name":"Multifamily","uri":"/sectors/multifamily/","channelName":"Globest Sectors"},{"name":"Midwest","uri":"/region/midwest/","channelName":"Region"},{"name":"Northeast","uri":"/region/northeast/","channelName":"Region"},{"name":"Southeast","uri":"/region/southeast/","channelName":"Region"},{"name":"West","uri":"/region/west/","channelName":"Region"}],"bodyArray":["<p>Even though 8.3% more permits were granted for multifamily construction in August compared to July this year, viewing on an annual basis the rate of permitting dropped 16.8% in all U.S. census regions. That came even as multifamily deliveries spiked.</p>","<p>With a 42% plunge in annualized multifamily permitting, the West experienced the biggest drop in permits issued in August, according to an <strong><a href=\"https://www.realpage.com/analytics/august-2024-multifamily-permit-update/\">analysis</a></strong> by RealPage Analytics of new census data. It was followed by the Northeast with a 22.4% drop, and the Midwest with a 9.5% dip. The South slowed the least, falling by just 1.4% over the year.</p>","<p>\"Of the top 10 multifamily permitting markets, all but New York decreased its annual totals from the year before and some were significant declines. Dallas had the largest decrease in annual multifamily permitting of the top 10 markets (-10,640 units), followed closely by Houston (-10,437 units), Atlanta (-6,236 units), Los Angeles (-5,800 units), Washington, DC (-5,512 units), Raleigh/Durham (-3,740 units), Phoenix (-2,327 units), Tampa (-1,941 units) and Austin (-1,805 units),\" the report said. The 140,593 permits issued in the top 10 metros were 23% fewer than the number issued the year before and down 1.1% from July.</p>"],"slides":[],"video":""},"articlePackages":[],"youmightlike":[{"uri":"/2024/11/07/logistics-real-estate-faces-mini-cycle-of-subdued-demand/","title":"Logistics Real Estate Faces Mini-Cycle of Subdued Demand","byline":"Kristen Smithberg","prettyDate":"November 07, 2024","readtime":"3","image":{"uri":"https://images.globest.com/contrib/content/uploads/sites/296/2024/10/Industrials-warehouse-Article-202410041653.jpg","width":"620","height":"372"},"summary":"Subdued demand has persisted despite healthy GDP and consumption."},{"uri":"/2024/11/07/multifamily-outlook-brightens-while-office-questions-linger/","title":"Multifamily Outlook Brightens While Office Questions Linger","byline":"Kristen Smithberg","prettyDate":"November 07, 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