BiggerPockets Daily Multifamily Permits Drop, But These Markets are Still Going Strong
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Aug 15, 2025 Multifamily construction permits have plunged by 23%, signaling a shift in the rental market dynamics. With rising rental prices, landlords may regain leverage as new supply dwindles. The podcast highlights thriving markets like North Port and Austin while detailing declines in places like Stockton and San Jose. Understanding the demand factors in these flourishing regions can provide valuable insights for savvy investors looking to navigate the changing real estate landscape.
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Multifamily Permits Have Cooled Nationwide
- Multifamily permits fell to 12.8 units per 10,000 people, a 23% drop from pandemic highs.
- High borrowing costs and post-boom oversupply cooled new construction sharply.
Supply Dip Could Shift Power To Landlords
- Pandemic remote-work migration drove a surge in rental demand and a 50-year high in completions by 2024.
- Now shrinking permit pipelines and rising rents suggest landlords may regain pricing power.
Host's Personal Airbnb Trip Sparked Hosting Interest
- The host described a personal Airbnb trip to Florida where they enjoyed private space and local activities.
- That experience prompted curiosity about trying Airbnb hosting and using a co-host service.