Cedar Market Monitor · Multifamily
The Cedar Market Monitor is a monthly newsletter for the developers, lenders and investors watching Austin's apartment pipeline. We use public permit data to show what's coming: which projects entered the pipeline, where, and how long approval took. This issue covers October 2026, with data through 5 November 2026.
Permit snapshot
What got permitted
Three projects carried October’s 736 multifamily homes.
The largest is 390 homes in 78735 on 16 permits. Over the last twelve months multifamily permitting is down 31% on the year before, and it is 73% of all homes permitted in Austin. The permit holder is usually the general contractor.
Pipeline
11,093 homes permitted since January 2025 haven’t been finished yet.
That’s the supply still coming: 85% of the 13,081 homes permitted in that time. 79% are in apartment buildings (5+ homes), and five ZIPs hold 49% of them, led by 78702 (1,643) and 78758 (1,427). Most permits get built: 94% of homes permitted 2016–22 were finished.
Permit issue time
A multifamily & mixed use permit takes a median 482 days to issue.
| Building type | Permits | Median days | Excl. slowest 10% |
|---|---|---|---|
| Single-family | 1,465 | 60 | 53 |
| 2–4 units | 209 | 128 | 112 |
| Multifamily & mixed use* | 107 | 482 | 482 |
Median days from application to issue, permits issued Nov 2025 – Oct 2026. The last column removes the slowest 10% to account for stalled applications. *36% of multifamily & mixed use permits were applied for more than three years earlier, so that figure mostly reflects a backlog clearing.
Where
Every multifamily home permitted in October was in three zip codes.
| ZIP | Homes | Share |
|---|---|---|
| 1. 78735 | 390 | 53% |
| 2. 78724 | 236 | 32% |
| 3. 78757 | 110 | 15% |
Fastest riser: 78753, from 0 to 306 multifamily homes in Aug–Oct 2026 against a year earlier. Only permits inside the City of Austin full-purpose limits are counted, so ZIPs that straddle the city line show the city’s part only.
Who’s building
OHT Construction LLC led with 786 homes in the last six months.
| Builder | Homes | Permits |
|---|---|---|
| OHT Construction LLC | 786 | 20 |
| GS Construction Midsouth, LLC | 426 | 6 |
| Journeyman Construction | 310 | 16 |
| Westwood Residential Builders 85, a rexas Limited partnership | 306 | 8 |
| The NRP Contractors, LLC | 306 | 5 |
Multifamily homes permitted May – October 2026, out of 3,596. The permit holder is usually the general contractor rather than the developer, and one firm can appear under several names. 10 homes on 2 permits (2%) name no holder and are not ranked.