Fueled by a surge of multifamily activity, housing permits inthe Chicago area skyrocketed 78 percent in February from a yearearlier, according to the monthly "Survey of Building" report fromBell Federal Savings.
All told, the number of permits rose to 2,068 in February from1,165 in February, 1988. The biggest jump was in multifamily units,which leapt to 1,010 from 199.
Chicago and Schaumburg, with 466 and 408 permits, respectively,accounted for the bulk of the activity. Chicago's starts wereaccounted for by a total of 22 different buildings, whileSchaumburg's were all from one project, a 34-building apartmentcomplex to be called Lincoln Meadows, Bell reported.
Other towns with double-digit starts were Merrillville, Ind.,and Buffalo Grove, both 36; Aurora, 16, and Des Plaines, 12.
Single-family permits rose 10 percent to 1,058 from the 966 ofFebruary, 1988. The towns leading the way are familiar to new-homebuyers: Schaumburg, 73; Naperville, 56; Aurora, 54; Orland Park,50; Buffalo Grove, 40; Carol Stream, 29; Elgin, 28; Tinley Park,24; Vernon Hills and Algonquin, both 23, and Bartlett, 22.
For the first two months of the year, the top five housingmunicipalities outside of Chicago, and the number of total permitsare Schaumburg, 486; Naperville, 109; Aurora and Buffalo Grove,both 99, and Orland Park, 98.
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