Wednesday, September 18, 2013

Portland Metro Apartment Construction Permits on Track For a Record Year

An analysis of statistics provided by the U.S. Census bureau by HFO shows that multifamily construction permits for the Portland metro area are on track to reach their second highest level in over 15 years.

A total of 3,854 construction permits are reported as having been granted through July 31, 2013, setting up the potential for over 6,600 permits to be issued in 2013. If the pace of the first seven months of this year holds, it would be the second highest number of apartment permits issued since 1997 when over 7,200 permits were issued.