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Multifamily Permits On The Rise For Year

DENVER-Developers pulled permits for 976 multifamily units in August, down less than 2% from August 2000. However, permits pulled through the first eight months of 2001 represent a 6.7% increase over the same period last year.

By John Rebchook | Updated on October 29, 2001

DENVER-At a time when the Denver-area economy is slowing, developers still pulled more multi-family permits in the first eight months of this year than during the same period in 2000. Developers pulled permits for 5,538 permits through August, 6.7% more than the 5,190 in the first eight months of 2000, shows the most recent report by the Home Builders Association of Metro Denver.

For the month of August, developers pulled permits for 976 units, down less than 2% from the 991 in August 2000.

The permit information comes from the building departments in Adams, Arapahoe, Boulder, Denver, Elbert, Douglas and Jefferson counties, as well as from more than 25 cities, villages and towns in the metro area.

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