See which cities are building the most apartments — and what it means for renters
Several midsize U.S. cities, such as Columbus, Ohio, are seeing a surge in multifamily housing permits despite a national trend of declining construction. These cities are utilizing zoning reforms to increase housing supply, which may help alleviate long-term affordability issues for renters.
Why it matters
Increased housing density in midsize markets offers a potential solution to the ongoing U.S. urban affordability crisis.
Ohio cities like Columbus are seeing their highest multifamily permit approvals in five years. halbergman/Getty Images Some cities reported growing multifamily permit rates, meaning more apartments for renters. The uptick is beating a national trend of slow construction and high costs. More housing supply could ease cost burdens for renters over time. America's latest apartment building haven might be Columbus, Ohio . The midsize metro is seeing its highest permit rate for multifamily housing, like apartment buildings, since 2019. Thanks to density-friendly zoning reforms, the city is set to add thousands of homes , giving renters more options that could make the market more affordable over time. Las Vegas, Oklahoma City, and Birmingham, Alabama, are reporting similar upticks, per a July Realtor.com Renter Report. And they're bucking a national trend: Overall US multifamily approvals are still 13.1% lower than they were in five years ago.
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