On the heels of Wednesday’s release of April housing starts data, a lot of talk in the apartment industry has been surrounding what companies have in their development pipeline. And in the multifamily industry, it has been and will remain a numbers game when it comes to how many units companies can get to market. Especially now. To get a better idea of where developers are looking to add supply to the rental market, let’s take a look at the metro areas where the most building permits for 5-plus unit structure were issued in 2011.

Source: http://www.census.gov/construction/bps/txt/tb3u2011.txt