According to a Construction Industry Research Board report, only48 permits were pulled with a total value of $5.3 million. InNovember 2000, 254 permits were pulled for a $32 million value.
Year to date, builders have pulled permits for some 5,336multifamily units, a 7.95% drop from the 5,797 during the same timeperiod in 2000.
Despite fewer permits, total valuation was up, thanks to thesurge in upscale apartments and condominiums. Permits totaled$573.9 million in value through November, 1.83% higher than the$563.6 million through November 2000.
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