ALBUQUERQUE APARTMENT CONSTRUCTION RANKS 10th IN COUNTRY
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