Austin apartment permits have plummeted since the pandemic
Multifamily housing permits in Austin have fallen below pandemic levels, with developers receiving an average of 64.5 permits per 10,000 people from April 2024 to March 2025. This decline, attributed to high borrowing costs and flattening rents, risks reigniting rent inflation in the city. Mayor Kirk Watson plans to address this issue by proposing a resolution to discuss incentives for building affordable housing.