According to a new Redfin report, building permits for multifamily units have plunged 27.1 percent from their pandemic-era highs, with new rentals now hitting the market at the slowest pace on record.
Source: Inman News
Here’s why builders are slamming the brakes on new apartments
Published in apartment rent prices, austin, austin texas, Boise City, Idaho, builders, building permit, building permits, california, Cape Coral, Florida, Colorado Springs, Colorado, donald trump, florida, inman, interest rates, market-appropriate rent prices, Markets & Economy, multifamily building permits, multifamily housing, Multifamily Housing Construction, multifamily permits, News Brief, North Port, Florida, oklahoma city, Raleigh North Carolina, Redfin, redfin senior economist, Redfin Senior Economist Sheharyar Bokhari, rent prices, Rentals, san diego, Select, Sheharyar Bokhari, Stockton, California, Tariffs, trump, Trump tariffs and U.S. Census Bureau
More from apartment rent pricesMore posts in apartment rent prices »
More from austinMore posts in austin »
- How a Green Beret turned an agent’s advice into a $600M empire
- More than half of metros stray from ‘balanced’ housing market
- 5 creative strategies to overcome seller staging objections
- How the growing buyer power shift is reshaping the real estate market
- Buyer’s market now in doubt as new listings tank 7.3%
More from austin texasMore posts in austin texas »
More from buildersMore posts in builders »
- Housing starts plunge 10% in May to lowest level since 2020
- Builders pull back from new construction once again in April
- Tariff threats prompt builders to pump brakes on new construction
- Housing starts beat expectations in February but headwinds loom
- How a construction niche produced 1 of the top luxury agents in the US
More from building permitsMore posts in building permits »
- ‘Construction is in a funk’: Homebuilding improves, but inventory issues remain
- Single-family permits and starts reach 11-month low in June
- California passes bipartisan bills that overhaul environmental law to bolster building starts
- How homeowners, not builders, are driving Denver’s inventory boom
- Housing starts plunge 10% in May to lowest level since 2020
More from californiaMore posts in california »
- Supreme Court not ready to let Trump boot Fed Governor Lisa Cook
- A mega-team goes indie, and other big-time real estate moves
- Douglas Elliman launches national Estate, Trust & Probate Division
- The Compass-Anywhere merger: Questions from a Coldwell Banker real estate agent
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
More from Cape Coral, FloridaMore posts in Cape Coral, Florida »
More from donald trumpMore posts in donald trump »
- What real estate agents can learn from TikTok, Tylenol and Disney
- Democrats seek transparency into Fannie, Freddie ‘reprivatization’
- From TikTok to memes, the battle over who shapes culture
- Trump asks Supreme Court to remove Fed Governor Lisa Cook
- Trump tariff policy has soured Canadian interest in US properties
More from floridaMore posts in florida »
- A mega-team goes indie, and other big-time real estate moves
- Compass-Anywhere merger FAQ: How will it change real estate?
- The Compass-Anywhere merger: Questions from a Coldwell Banker real estate agent
- More than half of metros stray from ‘balanced’ housing market
- $1B Florida brokerage and former NFL prospect join Christie’s International Real Estate
More from inmanMore posts in inman »
- Don’t just read the news. Be part of the story with Inman’s Tip Line
- Stay on the cutting edge: It’s AI Month at Inman
- Hoby Hanna: What no one tells you about leading through a merger
- Associations: Want to add value, relevance? Raise the bar on events
- Is the mortgage lock-in effect ending? These numbers offer clues
More from interest ratesMore posts in interest rates »
- Supreme Court not ready to let Trump boot Fed Governor Lisa Cook
- Hopeful but wary, agents report slippage in listing pipelines: Intel
- How the growing buyer power shift is reshaping the real estate market
- What is the Federal Reserve, and how does it impact real estate?
- Bess Freedman on the market, private listings and 2026
More from market-appropriate rent pricesMore posts in market-appropriate rent prices »
More from Markets & EconomyMore posts in Markets & Economy »
More from multifamily building permitsMore posts in multifamily building permits »
More from multifamily housingMore posts in multifamily housing »
- CoStar sues Zillow for ‘systematic’ copyright infringement
- Single-family permits and starts reach 11-month low in June
- California passes bipartisan bills that overhaul environmental law to bolster building starts
- Multifamily’s financial crossroads: What agents need to know
- RentSpree’s ‘homegrown listings’ now on Realtor.com
More from News BriefMore posts in News Brief »
- A mega-team goes indie, and other big-time real estate moves
- Zillow bashes CoStar in request to transfer lawsuit
- In copyright battle with Zillow, CoStar says the portal giant ‘brazenly’ keeps at it
- Pending home sales jumped 4% in August in positive market signal
- Former agent convicted of swindling woman out of her home
More from oklahoma cityMore posts in oklahoma city »
- Agents find marketing magic in low-ball asking prices
- Want to sell 7K houses in a year? Here’s how Ben Caballero does it
- Insurance, property taxes taking a bigger bite of buyers’ budgets
- West + Main acquires Oregon-based Fred Real Estate Group
- America’s hottest neighborhoods: Midtown District in Oklahoma City, Oklahoma
More from Raleigh North CarolinaMore posts in Raleigh North Carolina »
More from RedfinMore posts in Redfin »
- Attorneys general pile onto Zillow-Redfin following FTC rental suit
- FTC sues Zillow: A wake-up call for real estate agents and brokers
- Rocket Companies closes Mr. Cooper acquisition
- In copyright battle with Zillow, CoStar says the portal giant ‘brazenly’ keeps at it
- Is the mortgage lock-in effect ending? These numbers offer clues
More from redfin senior economistMore posts in redfin senior economist »
More from Redfin Senior Economist Sheharyar BokhariMore posts in Redfin Senior Economist Sheharyar Bokhari »
More from rent pricesMore posts in rent prices »
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
- Home values have surged at 2X the normal rate since pandemic
- Mortgage payments cheaper than rent in nearly half of all US metros
- NYC rents grew 7 times faster than wages last year
- Rent prices post highest annual increase in over a year: Redfin
More from RentalsMore posts in Rentals »
More from san diegoMore posts in san diego »
- Associations: Want to add value, relevance? Raise the bar on events
- Does the Compass-Anywhere deal set the stage for a private listings culture clash?
- Why Flyhomes is quitting the real estate brokerage business
- The No. 1 secret to not using ‘salesy’ scripts: Now Streaming
- AI isn’t here to replace agents. It’s here to make you faster, better
More from SelectMore posts in Select »
More from Sheharyar BokhariMore posts in Sheharyar Bokhari »
- 1st-time buyers say ‘yes’ to older starter homes due to higher costs
- Waning buyer activity pushes home price growth to 2-year low
- 7 metros where you can snag a luxury home for less than $1M
- Condo sales fall to 10-year low amid surge in insurance costs, HOA fees
- Renter households surge as homeownership costs climb
More from TariffsMore posts in Tariffs »
- Trump tariff policy has soured Canadian interest in US properties
- Most Americans think mortgage rates and home prices have peaked
- Rising inflation makes ‘jumbo’ Fed rate cut unlikely next week
- Homebuyer demand surges as mortgage rates tumble to 2025 low
- How politics and policy are fueling the housing crisis in 2025
More from trumpMore posts in trump »
- Supreme Court not ready to let Trump boot Fed Governor Lisa Cook
- How a government shutdown would affect real estate agents
- Trump asks Supreme Court to remove Fed Governor Lisa Cook
- Trump wins one battle, loses another as Fed policymakers kick off 2-day rate-setting meeting
- Homebuyer demand surges as mortgage rates tumble to 2025 low
More from Trump tariffsMore posts in Trump tariffs »
- Luxury market ‘as strong as ever’ despite broader slowness
- High-net-worths find safe harbor in real estate: Sotheby’s Realty
- How homeowners, not builders, are driving Denver’s inventory boom
- May CPI misses projections even as tariff effects hold off
- Opendoor hit with Nasdaq notice, skids closer to delisting zone
More from U.S. Census BureauMore posts in U.S. Census Bureau »
Be First to Comment