Housing Starts Multi Family in the United States increased to 414 Thousand units in June from 317 Thousand units in May of 2025. This dataset includes a chart with historical data for the United States Housing Starts Multi Family.

Greater Los Angeles, New York, and Dallas/Ft. Worth were the metros that attracted the most multifamily investment in the four quarters ending in second quarter 2024. The three metros recorded over seven billion U.S. dollars in investment. Other popular markets included Greater Washington D.C., Atlanta, and Miami-South Florida.

This dataset denotes HUD subsidized Multifamily Housing properties excluding insured hospitals with active loans. HUD’s Multifamily Housing property portfolio consist primarily of rental housing properties with five or more dwelling units such as apartments or town houses, but can also include nursing homes, hospitals, elderly housing, mobile home parks, retirement service centers, and occasionally vacant land. HUD provides subsidies and grants to property owners and developers in an effort to promote the development and preservation of affordable rental units for low-income populations, and those with special needs such as the elderly, and disabled. The portfolio can be broken down into two basic categories: insured, and assisted. The three largest assistance programs for Multifamily Housing are Section 8 Project Based Assistance, Section 202 Supportive Housing for the Elderly, and Section 811 Supportive Housing for Persons with Disabilities. The Multifamily property locations represent the approximate location of the property. The locations of individual buildings associated with each property are not depicted here.

The U.S. multifamily housing market has experienced a significant increase in supply over the past 10 years. In 2023, the number of units completed reached ******* units, marking a notable increase from the previous year's ******* units. This uptick comes after a period of a spike in multifamily construction starts. Nevertheless, forecasts suggest a decline in future supply as construction starts decline in 2024 and 2025. Despite these fluctuations, multifamily housing remains a significant share of the U.S. housing stock. Multifamily buildings are a popular choice among renters, with approximately ** million American households occupying a rental home in a residential building with more than two units.

In the United States, it is expected that there will be approximately ***** multifamily housing starts less in 2025 than in 2024. However, it is forecasted that the number of construction starts for multifamily housing units will pick up slightly in 2026, after two years of falling starts. Multifamily vs single-family housing demand Multifamily housing includes various types of housing, such as apartment buildings, condominiums, duplexes, and townhouses. The number of housing starts of single-family has also fallen in 2022 and 2023, but it already started growing again in 2024, showing a faster recovery than the multifamily housing segment.

Are multifamily homes getting smaller? The median size of multifamily homes has median size of multifamily homes has shrunk by nearly *** square feet between 2007 and 2023. This trend towards smaller homes suggests that space is becoming increasingly limited, or that consumers prefer smaller homes due to smaller mortgages, lower maintenance costs and lower utility costs.

Graph and download economic data for Interest Rates and Price Indexes; Multi-Family Real Estate Apartment Price Index, Level (BOGZ1FL075035403Q) from Q4 1985 to Q1 2025 about multifamily, real estate, family, interest rate, interest, rate, price index, indexes, price, and USA.

In 2024, there were roughly ******* building permits for multifamily housing units granted in the United States. The number of housing authorized that year was lower than in previous years, given that multifamily housing permits have fallen two years in a row. In contrast, the number of building permits for single-family housing units did not have such a sharp decrease. Multifamily housing projects on the increase Multifamily homes refer to buildings that contain at least two housing units, including apartment buildings and duplexes. In 2022, building work had started on over **** a million multifamily housing units in the United States – the highest number recorded in the past decades, but those numbers have fallen significantly in the years after that. However, it is expected that multifamily housing starts will grow again in 2025. What are the trends in size of different properties? One of the noticeable differences between multifamily and single-family housing is the size of the units. In 2023, the median size of a multifamily unit in the United States was over ***** square feet. In contrast, the median size of a single-family housing unit that same year was well over ***** as large.

Graph and download economic data for Interest Rates and Price Indexes; Multi-Family Real Estate Apartment Price Index, Level (BOGZ1FL075035403A) from 1985 to 2024 about multifamily, real estate, family, interest rate, interest, rate, price index, indexes, price, and USA.

Graph and download economic data for New Privately-Owned Housing Units Started: Units in Buildings with 2-4 Units (HOUST2FNSA) from Aug 1963 to Jun 2025 about 2-4 unit structures, housing starts, housing, and USA.

Multifamily Portfolio datasets (section 8 contracts) - The information has been compiled from multiple data sources within FHA or its contractors. HUD oversees more than 22,000 privately owned multifamily properties, and more than 1.4 million assisted housing units. These homes were originally financed with FHA-insured or Direct Loans and many are supported with Section 8 or other rental assistance contracts. Our existing stock of affordable rental housing is a critical resource for seniors and families who otherwise would not have access to safe, decent places to call home.

Between January and October 2019, the New York-Newark-Jersey City metropolitan area issued around ****** multifamily building permits and was the major metro area with the highest number of permits of this kind issued in the United States.

Graph and download economic data for New Privately-Owned Housing Units Under Construction: Units in Buildings with 2-4 Units (UNDCON24UNSA) from Dec 1969 to Jun 2025 about 2-4 unit structures, construction, new, private, housing, and USA.

In 2023, the median size of a multifamily housing unit in the United States was ***** square feet. Multifamily housing units include apartment complexes, condominiums, duplexes, and lofts. Single family housing units are typically more than double the size of multifamily units.

Global Multifamily Housing Construction (Apartments) market size is expected to reach $1400.32 billion by 2029 at 10.2%, segmented as by construction activity, new construction, repair and maintenance, refurbishment and demolition

The U.S. multifamily vacancy rate increased slightly in 2023, after reaching one of the lowest levels on record in 2022. Approximately *** percent of multifamily homes were vacant in the fourth quarter of 2023. Despite the increase, this figure was notably lower than the long-term historical average. U.S. multifamily housing sector Multifamily housing, refers to a housing type where multiple apartments are contained within one housing unit, or when several buildings form a larger complex. Construction of such houses has been on the rise, as the industry struggles to meet housing demand. The average size of such a housing unit was ***** square feet. Popularity among investors Multifamily housing accounted for almost ** percent of the housing stock in the United States in 2021. This type of real estate is popular among investors because it tends to generate a steady cash flow, and be easy to obtain financing for.

Graph and download economic data for New Privately-Owned Housing Units Completed: Units in Buildings with 2-4 Units (COMPU24USA) from Jan 1968 to Jun 2025 about 2-4 unit structures, new, private, housing, and USA.

The majority of the housing stock in the United States is single-family detached houses. Of the total ***** million housing units in 2023, about **** million were detached homes and *** million were attached single-family homes. In comparison, roughly **** million units were in multifamily buildings.

United States Median Home Sale Price: Multi-Family data was reported at 321.000 USD th in Jul 2020. This records an increase from the previous number of 305.000 USD th for Jun 2020. United States Median Home Sale Price: Multi-Family data is updated monthly, averaging 238.000 USD th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 321.000 USD th in Jul 2020 and a record low of 142.000 USD th in Feb 2012. United States Median Home Sale Price: Multi-Family data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB054: Median Home Sale Price.

The drastic need for apartments has led to an expansion for apartment and condominium construction contractors over the past five years. Still, changing interest rates have led to years of expansion and contractions for contractors. Overall, revenue has been increasing at a CAGR of 3.8% to total an estimated $91.8 billion through the end of 2025, including an estimated 2.2% increase in 2025. Low interest rates amid the pandemic led residential investment to swell, which included apartment complexes. As inflationary concerns and interest rate hikes lingered, many contractors delayed construction, leading to a contraction in 2023 as housing starts sank. Profit has risen slightly as materials price inflation has cooled and contractors have been able to adjust their rates, passing along higher prices to customers. This has also been a driver of revenue growth. Multifamily complexes are still very much needed as young professionals and immigrants move to major cities, leading to growth in 2025. Home prices are set to see slower growth in the coming years than in the previous five, causing a shift in the housing market back to homeownership. Also, continued rate cuts will incentivize home construction. Mortgage rates have remained stubbornly high in the face of cuts to the federal funds rate, however. Elevated mortgage rates will keep buying a house out of reach for many, pushing more people to rent. Apartment construction is set to continue to account for the growing population in the US. Affordable housing complexes remain crucial in many large cities and will be needed as more people enter. Rental vacancies will continue threatening contractors, as many consumers may split housing with roommates and fulfill current stock to save money. Overall, industry revenue is forecast to expand at a CAGR of 1.8% to total an estimated $100.5 billion through the end of 2030.

The US residential real estate market, a cornerstone of the national economy, is projected to experience steady growth over the forecast period (2025-2033). While precise market size figures for 2019-2024 are unavailable, leveraging the provided 2.04% CAGR and considering typical market fluctuations, a reasonable estimate for the 2025 market size can be derived. Assuming a 2025 market size of $4 trillion (a conservative estimate considering the scale of the US housing market), the projected growth reflects ongoing demand fueled by population growth, urbanization, and a persistent need for housing across various price points. Key drivers include rising household formations, particularly among millennials and Gen Z, low interest rates (historically speaking) stimulating borrowing, and ongoing investment in infrastructure improvements that enhances desirability in certain areas. Emerging trends like the increasing popularity of sustainable and smart homes, remote work's impact on suburban demand, and the growing preference for multi-family dwellings are shaping market dynamics. Restraining factors include persistently high construction costs, limited housing inventory in desirable locations, and the potential for interest rate adjustments that could dampen buying activity. Leading players like Simon Property Group, Mill Creek Residential, and others are navigating this evolving landscape through strategic acquisitions, development projects, and innovative property management techniques. The steady, albeit moderate, CAGR of 2.04% reflects a market maturing beyond periods of rapid expansion. This controlled growth indicates a market finding a stable equilibrium between supply and demand. While challenges remain, particularly concerning affordability and inventory, the underlying drivers of population growth and the fundamental need for housing suggest that the long-term outlook for the US residential real estate market remains positive. The segmentation of the market (while unspecified here) likely includes distinctions based on property type (single-family homes, condos, townhouses, apartments), location (urban, suburban, rural), and price range. A granular analysis of these segments would provide a more nuanced understanding of the growth trajectory and potential opportunities within each sub-sector. Key drivers for this market are: Investment Plan Towards Urban Rail Development. Potential restraints include: Italy’s Fragmented Approach to Tenders. Notable trends are: Existing Home Sales Witnessing Strong Growth.