Tuesday, September 30, 2014

U.S. Census: 4,515 Portland Area Multifamily Permits Issued Through August 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 highest level in 17 years.

A total of 4,515 units of multifamily permits are reported as having been granted through August 31, 2014, setting up the potential for over 6,770 permits to be issued this year. That would be 1,000 units more than were built in 2013 and the highest number of apartment permits issued since 1997 when Census reported 7,205 multifamily permits issued.