The local downturn in multifamily construction is substantially worse than the national trend, according to a new report from Realtor.com
In 2024, Greater Boston municipalities – defined by Realtor.com as the five Greater Boston counties in Massachusetts plus Strafford and Rockingham counties in New Hampshire – issued building permits for 7,022 multifamily units, a 22.3 percent decrease compared to the region’s average over the last five years.
The listings portal’s economists used data from the Census Bureau’s building permits survey.
Source: Boston Multifamily Construction Falling Far Faster than U.S. – Banker & Tradesman
