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.

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 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 Inventory: Multi-Family data was reported at 31,674.000 Unit th in Jul 2020. This records a decrease from the previous number of 32,555.000 Unit th for Jun 2020. United States Inventory: Multi-Family data is updated monthly, averaging 49,353.500 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 62,456.000 Unit th in Feb 2012 and a record low of 31,674.000 Unit th in Jul 2020. United States Inventory: 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.EB023: Inventory of Home for Sale.

Graph and download economic data for New Privately-Owned Housing Units Under Construction: Units in Buildings with 5 Units or More (UNDCON5MUSA) from Jan 1970 to May 2025 about 5-unit structures +, construction, new, private, housing, and USA.

United States Homes Sold: Multi-Family: Tulsa, OK data was reported at 9.000 Unit th in Jul 2020. This records a decrease from the previous number of 10.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Tulsa, OK data is updated monthly, averaging 9.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 33.000 Unit th in Mar 2018 and a record low of 2.000 Unit th in Feb 2014. United States Homes Sold: Multi-Family: Tulsa, OK data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB017: Homes Sold: by Metropolitan Areas.

Graph and download economic data for New Privately-Owned Housing Units Completed: Units in Buildings with 5 Units or More (COMPU5MUSA) from Jan 1968 to May 2025 about 5-unit structures +, new, private, housing, and USA.

United States Homes Sold: Multi-Family: Memphis, TN data was reported at 19.000 Unit th in Jul 2020. This records an increase from the previous number of 12.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Memphis, TN data is updated monthly, averaging 12.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 33.000 Unit th in Oct 2019 and a record low of 2.000 Unit th in May 2015. United States Homes Sold: Multi-Family: Memphis, TN data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB017: Homes Sold: by Metropolitan Areas.

United States Homes Sold: Multi-Family: Utah data was reported at 41.000 Unit th in Jul 2020. This records a decrease from the previous number of 60.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Utah data is updated monthly, averaging 48.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 73.000 Unit th in May 2018 and a record low of 23.000 Unit th in Feb 2014. United States Homes Sold: Multi-Family: Utah data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB016: Homes Sold: by States.

The CoStar Commercial Repeat-Sales Index (CCRSI) for multifamily real estate in the United States started to decline in the second half of 2022, after more than a decade of steady growth. The index measures the development of sales prices of multifamily properties, with 2000 chosen as a base year. An index value of 200 means that sales prices have doubled since 2000. In March 2024, the value-weighed index, which is more representative of the high-value deals in core markets, hit 325 index points, down from a market peak of 416 in June 2022. The equal-weighed index is more influenced by the lower-priced deals that comprise the higher share of transactions. It stood at 438 index points in March 2024, down from a market peak of 503 in June 2022.

United States Homes Sold: Multi-Family: New Hampshire data was reported at 79.000 Unit th in Jul 2020. This records a decrease from the previous number of 87.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: New Hampshire data is updated monthly, averaging 60.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 126.000 Unit th in Jul 2018 and a record low of 28.000 Unit th in Feb 2013. United States Homes Sold: Multi-Family: New Hampshire data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB016: Homes Sold: by States.

United States Homes Sold: Multi-Family: Salt Lake City, UT data was reported at 29.000 Unit th in Jul 2020. This records a decrease from the previous number of 32.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Salt Lake City, UT data is updated monthly, averaging 24.500 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 43.000 Unit th in May 2018 and a record low of 8.000 Unit th in Feb 2014. United States Homes Sold: Multi-Family: Salt Lake City, UT data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB017: Homes Sold: by Metropolitan Areas.

Manhattan was the metropolis in the United States with the highest number of Energy Star certified multifamily units as of 2018, reaching around 9,747 units. Denver was ranked second with almost 8,500 Energy Star certified units.

The largest owner of apartments in the United States was Greystar, an international developer and manager headquartered in Charleston, SC. In 2024, Greystar owned nearly ******* units. MAA, a Tennessee-based real estate investment trust, ranked second, with ****** apartments owned. Real estate investment trusts The majority of the largest owners of apartments in the U.S. are real estate investment trusts (REITs), which are companies who own (and usually operate) income producing real estate. REITs were created in 1960, when the Cigar Excise Tax Extension permitted investment in large-scale diversified real estate portfolios through the purchase and sale of liquid securities. This effectively aligned investment in real estate with other asset classes. In 2023, there were approximately 200 REITs in the United States with a market capitalization of *** trillion U.S. dollars. Apartments in the United States The rental return for apartments in the U.S. has been steadily climbing in recent times, with the national monthly median rent for an unfurnished apartment steadily increasing since 2012. Over this period, apartment vacancy rates have been decreasing across the country, suggesting that demand outweighs supply. Accordingly, large-scale investment in apartments by REITs is likely to continue into the foreseeable future.

United States Homes Sold: Multi-Family: Oklahoma City, OK data was reported at 35.000 Unit th in Jul 2020. This records an increase from the previous number of 29.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Oklahoma City, OK data is updated monthly, averaging 24.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 43.000 Unit th in Nov 2019 and a record low of 10.000 Unit th in Feb 2012. United States Homes Sold: Multi-Family: Oklahoma City, OK data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB017: Homes Sold: by Metropolitan Areas.

United States Homes Sold: Multi-Family: Bend, OR data was reported at 4.000 Unit th in Jul 2020. This records a decrease from the previous number of 6.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Bend, OR data is updated monthly, averaging 8.000 Unit th from Mar 2012 (Median) to Jul 2020, with 101 observations. The data reached an all-time high of 20.000 Unit th in Oct 2013 and a record low of 1.000 Unit th in Apr 2020. United States Homes Sold: Multi-Family: Bend, OR data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB017: Homes Sold: by Metropolitan Areas.

United States Homes Sold: Multi-Family: Baton Rouge, LA data was reported at 11.000 Unit th in Jul 2020. This records an increase from the previous number of 8.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Baton Rouge, LA data is updated monthly, averaging 8.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 17.000 Unit th in Mar 2018 and a record low of 2.000 Unit th in Nov 2016. United States Homes Sold: Multi-Family: Baton Rouge, LA data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB017: Homes Sold: by Metropolitan Areas.

United States Homes Sold: Multi-Family: Tennessee data was reported at 53.000 Unit th in Jul 2020. This records an increase from the previous number of 42.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Tennessee data is updated monthly, averaging 37.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 65.000 Unit th in Aug 2019 and a record low of 6.000 Unit th in Jan 2013. United States Homes Sold: Multi-Family: Tennessee data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB016: Homes Sold: by States.

Dallas/Ft. Worth, TX was the metro with the highest demand for rental apartments in the United States in 2024. The net absorption in Dallas/Ft. Worth, TX in Austin was **** thousand units, followed by New York, NY with **** thousand units. Net absorption is the total number of units which tenants moved into, less the total amount of space which tenants moved out from of during a specific period.

United States Homes Sold: Multi-Family: Ann Arbor, MI data was reported at 7.000 Unit th in Jul 2020. This records an increase from the previous number of 1.000 Unit th for Jun 2020. United States Homes Sold: Multi-Family: Ann Arbor, MI data is updated monthly, averaging 5.000 Unit th from Feb 2012 (Median) to Jul 2020, with 102 observations. The data reached an all-time high of 12.000 Unit th in Jul 2017 and a record low of 1.000 Unit th in Jun 2020. United States Homes Sold: Multi-Family: Ann Arbor, MI data remains active status in CEIC and is reported by Redfin. The data is categorized under Global Database’s United States – Table US.EB017: Homes Sold: by Metropolitan Areas.