ALBUQUERQUE APARTMENT CONSTRUCTION RANKS 10th IN COUNTRY

Posted By: Steve Grant New Construction, Press Releases, State & Local Updates,

In the Albuquerque metro area, multifamily housing permitting is increasing rapidly. Building permits for 4,021 new housing units were issued in Albuquerque during 2021, and 35% of those were for apartment buildings with five units or more.

In comparison, half a decade earlier, only 20.3% of all permits for new housing units were for apartment buildings. The 14.8% jump in Albuquerque apartment construction from 2016 to 2021 ranks as the 10th largest increase among all U.S. metro areas.

 

Source: New Apartment Construction is Booming in Albuquerque, NM, The Center Square, October 7, 2022

https://www.thecentersquare.com/new_mexico/new-apartment-construction-is-booming-in-albuquerque-nm/article_4598bdff-d904-5125-b1c6-0d798a2f476f.html