In its latest report, the Census Bureau estimates that annualized starts of structures with five or more units stood at 445,000 in October, up 28.2% over the same month a year earlier. However, multifamily permits were only 5.8% higher.

Could the long-predicted slowdown in the multifamily boom finally be happening? The market researcher Axiometrics looked at its identified supply data and concludes that multifamily deliveries could peak by mid-year 2017.