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Multifamily permits at highest level since 2008

The economy has been rebuilding since 2008. The impact of the downfall has been extremely apparent in the Real Estate industry. Although there is a long road ahead, there are signs of prosperity. In September, the permits and construction of single-family and multifamily homes increased significantly! Permits for multifamily homes jumped a whopping 20%, which is the highest we have seen since the summer of 2008!

What does this mean, you ask? Well, because there is an alarming increase in permits and start of construction for new units; the spike will lead to an increase of jobs. Finally, efforts are being made to build new houses. This reflects a spike in demand, and as the jobs are becoming available, money is being put into circulation and will improve the overall economy. Read more in anĀ article by Derek Mearns.

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