Despite the economic downturn that occurred in 2020, residential development in Baton Rouge continued to grow, with total permits for the year posting a nearly 7% increase from 2019.
That’s according to the Home Builders Association of Greater Baton Rouge, which released the figures Friday morning. Single-family home permits for Baton Rouge also grew 7.1% last year, with more than 3,820 permits granted.
However, multifamily permits—after years on the increase—dropped 30% last year, with only 14 permits granted.
Despite the decrease in local multifamily permits, the overall increase highlights the rise in demand for housing driven by low mortgage rates.