Homebuilding in Frisco slowed again in October.
The city issued 29 new residential building permits last month, according to the Development Services monthly report on the City Council's Nov. 17 agenda. That is down from 49 in September and well under the 24-month average of 81.
The same page tracks how much land is lined up for new houses. The report puts Frisco's pipeline of residential lots at 41 months of supply and its inventory at 23 months, measured against a range of 24 to 30 months that the city labels a balanced market.
Commercial building also below average
New commercial construction was quieter, too. The city issued five new commercial building permits in October against a two-year average of eight, and 25 permits for finish-outs, additions and alterations, compared with an average of 35.
The largest commercial project logged for the month was three shell buildings totaling 45,502 square feet in the Stewart Creek Business Park Addition, registered Oct. 27.
Apartment construction remains heavy. The report counts 5,283 multifamily units under construction: 4,858 in denser urban-living projects and 425 in garden-style complexes.
