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Multifamily permits, construction, and completions tracked as expected this month, as construction sentiment continues to improve. The southern US continues to expand its overall share

Surprisingly, the recent surge in spending on single-family homes has not brought its level back to that at the peak of the housing bubble in

Permits continue to be pulled at a record pace while setting month-over-month records. Still, starts dipped and completions continue a stark downward trend. As we

The construction sector continues to show signs of recovery, with supply and demand imbalances driving new theses. While actual construction starts continue to show a

Major metro data has come in for 2020, and construction activity was down (sometimes significantly) across the majority of the top 10 metros (Phoenix excluded).

Multifamily developers continue to look for new areas to build that might show more resilience to ‘force majeure” events. The near-term answer appears to be

Multifamily construction delays continue to impact the industry, largely due to permitting delays and a lack of materials. Markets known for outsized 2010-2020 deliveries have

The impact of COVID-19 on the multifamily market continues to shift trends to suburban and southeast construction starts. The overall market remains mixed for the

As developers look to the future, multifamily construction has made a notable shift to lower-density markets. The overall market continues to recover, albeit slowly, with

COVID-19 continues to cause delays across the multifamily construction industry. Still, as the economy opens up, signs of life are appearing across new proposals, permits,