Overview
- In October 2025, authorities approved 19,900 apartments, a 6.8% rise from a year earlier.
- Approvals for newly built units in October rose to 16,800, up 11.4% year over year, while conversions fell to 3,100, down 12.5%.
- From January to October 2025, total approvals reached 195,400 apartments, up 11.2% compared with the same period in 2024.
- Within newly constructed residential buildings over the January–October period, approvals totaled 159,200, an increase of 14.0%, including a 16.6% rise in single‑family houses to 37,000.
- Multi‑family approvals reached 104,100 for the year to date, residential‑home units increased 43.0% to 7,400, and apartments in new non‑residential buildings declined 15.2% to 3,300.