Residential Development Activity

% Change
	Permits		Units		CO
	Qtr	Year	Qtr	Year	Qtr	Year
Single Family	-15.5%	3.1%	-15.5%	3.1%	-7.9%	45.6%
Duplex	-51.9%	333.3%	-51.9%	333.3%	46.7%	340.0%
Multifamily	6.6%	-29.3%	20.1%	-19.5%	-3.1%	142.1%
Total	-15.0%	-0.2%	4.9%	-12.9%	-4.0%	102.2%

Permit: A building permit issued by the City to authorize construction of a new structure. Unit: The number of units within a building issued a permit. Single Family: 1 unit Duplex: 2 units Multifamily: 3+ units Value per Unit: The average cost of materials and labor involved in the construction per each unit. (Historical data does not take inflation into account) CO (Certificate of Occupancy): Issued by the City when construction is complete, all inspections have passed building codes, and the structure is ready for occupancy. Not all permits issued are certified for occupancy. The number of COs reflects the net number of units permitted. Note: Building permits and certificates of occupancy are required for construction within the City of Austin's permitting jurisdiction. Data reported for entire jurisdiction.