Which cities have seen the biggest increase in multi-family construction?

With the supply of inventory at an all-time low in 2020, the recent uptick in multi-family construction is a promising sign for the future of the housing market, but which cities should residents be flocking to?

In 2021, the total number of multi-family units authorized jumped from 491,700 to 621,700, which brought the share of multi-family units authorized from 33.4% to 35.8%. More residents returned to the office, which sparked a market for closer homes with proximity to social attractions such as restaurants, venues and other amenities.

However, not every state was convinced with their appeal. Multi-family permits slipped in 10 states, led by Connecticut with a 42% decline in authorizations from 2020 to 2021.

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