In a recent government meeting, officials discussed the current state of residential permits in Eau Claire, revealing significant trends in multifamily and single-family housing developments. The data, covering permits issued from early 2022 to the present, indicates a notable decline in multifamily permits, which are defined as buildings with three or more units. Compared to the previous two years, the city is experiencing a deficit of 405 multifamily units and a valuation shortfall exceeding $58 million.

While the valuation per unit for multifamily housing has increased by approximately 35% since 2022, the pace of new permits has not kept up, raising concerns about future housing availability. The meeting highlighted that about half of the multifamily permits issued are for studio or one-bedroom units, with a pressing need for larger three-bedroom units that remain scarce.

In contrast, single-family and duplex permits show a less severe decline, with only three units behind the previous year. However, the valuation per unit has slightly decreased, reflecting broader trends in the housing market. The average valuation per finished square foot has risen by just under 15% over the past two years, indicating ongoing cost pressures in construction.

The discussion also touched on eviction cases across Eau Claire County, noting a slight decrease in the number of open cases. However, a higher percentage of recent cases have resulted in eviction, with a geographic shift showing more cases occurring in smaller towns rather than the city itself. Despite this, the city remains disproportionately affected, accounting for 87% of eviction cases compared to its 63% share of the county's population.

Officials expressed concerns about the impact of rising construction costs and interest rates on future housing projects. Developers reported significant increases in the cost per unit, with current figures ranging from $230,000 to $240,000, compared to $175,000 in 2019. This financial strain has led to delays in project completions and a cautious approach to new developments.

The meeting concluded with discussions on the need for diverse housing options and the challenges of linking new units to rental prices, emphasizing the importance of affordable housing in the community. As the city navigates these complex issues, the data presented serves as a critical tool for understanding and addressing the housing needs of Eau Claire residents.