Building permits in Chicago continue to average a paltry 20 single family units, though a few quarters have seen some spikes in multifamily permitting. From 1998 through 2006, the city averaged about 100 single family permits per month. We have been under 25 for 33 straight months, dating to January 2009.
Multifamily permits steadily increased through the housing boom. While they are still a fraction of the typical month in the boom, there have been several months in the 400′s during this recession. More than single family houses, multifamily unit permits tend to be sporadic.
Due to the erratic nature of monthly permits, the chart shows the rolling three-month average.
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