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Permits to Build U.S. Apartments Drop Below Pre-Pandemic Levels
https://www.redfin.com/news/multifamily-construction-permits-2025/
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Developers obtained permits to build 12.4 multifamily housing units for every 10,000 people in the U.S. over the past year—down 27.1% from the pandemic building boom and down 5.5% from before the pandemic.
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