Here’s why builders are slamming the brakes on new apartments

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.

May 5, 2025 - 17:37
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Here’s why builders are slamming the brakes on new apartments
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.