Surprise, surprise: Top metro in U.S. multifamily permitsSurprise, surprise: Top metro in U.S. multifamily permitshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=165552017-05-16T05:00:00Z2017-05-16T22:20:00Z

​​​DALLAS-FORT WORTH – During March 2017, total U.S. multifamily authorization activity rose 33.8 percent from February 2017 and 17.6 percent from a year prior, according to preliminary data from the U.S. Census Bureau. 

top metro multifamily permits march 2017 DFW firstA total of 32,100 multifamily units were approved for construction by local governments across the country in March, bringing the year-to-date figure to 87,800 units. That year-to-date count reflects a 4.8 percent year-over-year increase.

For the second consecutive month, Dallas-Fort Worth claimed the top spot for permitted units, with New York narrowly trailing. Both markets registered increases of more than 80 percent for year-over-year authorizations.​

​Experiencing a five-slot drop, Austin rounded out the leaderboard. The metro’s sluggish authorization volume suggests builders are sensitive to Austin’s slowed job growth.​

​A separate Census report shows a total 86,700 multifamily units started construction through March 2017. That figure represents a 14.2 percent increase from the first three months of 2016.
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