The ugly numbers on the decrease of construction in the city are out in the Oct 2023 report.
As of October 2023, a total of 3,092 permits were issued, with a construction value of
$1.04 billion, representing 1,244 new dwelling units. Compared to the same period in
2022, this represents a 15.3% decrease in the number of building permits, with a 23.1%
decrease in construction value and an 43.4% decrease in the number of dwelling units
constructed.
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