Even though multi-family housing fell 3%, single-family permits were on the rise. Anecdotally, it makes sense, you’ve probably noticed the surge of apartment complexes and other multi-family projects that have gone up over the past five years.

Home completions rose 6%, with most of the gains once again coming from single-family homes.

The market is sitting on enormous pent-up demand, with buyers and sellers alike sidelined by higher interest rates. The dam is going to break and we believe it’s going to be sooner rather than later.

let’s get your house in order and ready to buy or sell.

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