To put some data into the conversation, Atlanta is the #8 metro in terms of multifamily building permits pulled from Jan-July 2025.
The top 10 are NYC (16,191 permits), DFW, Miami, Houston, Orlando, Phoenix, Columbus OH (???), Atlanta (6,302 permits), Los Angeles, and Austin.
Nashville is far below Atlanta with a little over half the number of both multifamily and single family permits pulled.
Atlanta is #5 in terms of overall (including single family) behind DFW, Houston, NYC, and Phoenix.
2024 was a ridiculously strong year for ATL, where we were #4 behind NYC, Dallas, and Austin only. Other cities like Miami have actually sped up.
Data can be found here:
https://www.census.gov/construction/bps/msamonthly.html