V O L . X X I X N O. X I X
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Fact Book / Doing Business in Maine
WO R K F O R C E
Filling the need for multifamily housing
B y P e t e r V a n A l l e n
8 YEARS IN A ROW
CELEBRATING
MAINE SUCCESS STORIES
Creating business and educational opportunties
for Maine people since 1983.
1-800-228-3734
FAMEmaine.com
We hear all the time that Maine needs more multifamily housing. Looking at the building permits issued in 2022, the
number of units approved actually hit a 20-year peak, according to U.S. Census Bureau data. Based on the number of
permits issued through May of this year, there will likely be a dropoff, but 2023 will still match up well with many years
in the past two decades. So far, Maine has had 31 structures with five units or more, totaling 481 units. Projecting out
through the year, Maine would have approved 72 structures of five units or more — a total of 1,154 multifamily units.
2004 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 2023
2000
1750
1500
1250
1000
750
500
250
0
80
70
60
50
40
30
20
10
0
Total units from structures of 5 units or more
Number of structures with 5 units or more
1
S O U R C E : U.S. Census Bureau
HOW MAINE'S MULTIFAMILY MARKET HAS SHAPED UP IN RECENT YEARS
1 2023 numbers are projected, based on data through May
