But which metros came out on top as having the most homebuilding activity in 2017? Trulia conducted a study utilizing the U.S. Census Bureau building permit data, compared it to the historical average, and determined which metros conducted the most homebuilding activity throughout the year.
As it turns out, San Francisco came out on top when compared to its historical average. The city nearly doubled its historical average number of permits in 2017.
Trulia explained this increase signals the city is becoming more aggressive in its efforts to combat its affordability crisis. What’s more, a large share of its new units are multifamily units, which should help rents continue to cool this year.
San Francisco, which saw an increase of 94.6% from its historical average, was followed by Austin, Texas, with its increase of 79.5% of its historical average…