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San Francisco Was Tops for Housing Permits in 2017

Feb 27, 2018
Builder confidence in the market for newly-built single-family homes rose three points to 71 in October

San Francisco led the nation in housing permits in 2017, according to new data released by Trulia.
 
Last year, San Francisco added 6,270 housing permits—and while that number might not elicit immediate gasps, it nonetheless represented a nearly 95 percent spike above its average for the last 36 years. In recognizing San Francisco’s achievement, Trulia noted that “the city is becoming more aggressive in its efforts to combat its affordability crisis. What’s more, a large share of its new units are multifamily units, which should help rents continue to cool this year.”
 
Other major metro areas with considerable increases in housing units during 2017 were Austin with 25,803 new permits representing a 79.5 percent increase, Boston with 8,422 new permits representing a 72.4 percent increase, Nashville with 19,292 permits representing a 63 percent increase, and Philadelphia with 3,802 permits representing a 62.6 percent increase.

 
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Feb 27, 2018
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