New York has led the nation for multifamily permitting in November, with about 34,000 units permitted for the 12 previous months, an increase of nearly 53%, according to an analysis by RealPage.
The city was one of only two top 10 markets that increased annual permitting from the year before. Fort Worth ranked ninth on the list with 8,492 units permitted for the year ending in November, an increase of 73%.
Austin ranked second on the list with 15,950 units, a 23.6% decrease, and Phoenix ranked third with units permitted dropping nearly 33% to 13,967. Atlanta edged out Dallas to claim the fourth spot by only 85 units, with both markets permitting nearly 12,600 units for the year.
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