Monday, September 30, 2013

U.S. Census: 4,352 Metro Area Multifamily Permits Issued Through Aug. 31

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 4,352 units of multifamily permits are reported as having been granted through August 31, 2013, setting up the potential for over 6,500 permits to be issued this year.

If the pace of the first eights 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.

*Multifamily permits of 5+ units