Graph and download economic data for New Privately-Owned Housing Units Started: Units in Buildings with 5 Units or More (HOUST5F) from Jan 1959 to Jul 2025 about 5-unit structures +, housing starts, privately owned, housing, and USA.

Housing Starts Multi Family in the United States decreased to 403 Thousand units in August from 453 Thousand units in July of 2025. This dataset includes a chart with historical data for the United States Housing Starts Multi Family.

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.

Housing Starts in the United States decreased to 1307 Thousand units in August from 1429 Thousand units in July of 2025. This dataset provides the latest reported value for - United States Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Graph and download economic data for New Privately-Owned Housing Units Started: Single-Family Units (HOUST1F) from Jan 1959 to Aug 2025 about housing starts, privately owned, 1-unit structures, family, housing, and USA.

Multifamily housing starts in 2024 fell slightly in comparison to the previous year. That year, construction starts in apartments, semi-detached homes, and rows reached ****** units. Ontario was the province with most of those construction starts. The volume of new home construction in Canada has fluctuated significantly in the past years.

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 Aug 2025 about 5-unit structures +, new, private, housing, and USA.

View monthly updates and historical trends for US Housing Starts. from United States. Source: Census Bureau. Track economic data with YCharts analytics.

In the United States, the projected number of single-family housing unit starts in 2026 is estimated to increase. After a peak in 2021, the number of home construction starts decreased two years in a row. However, those figures are expected to pick back up in the next years. Single-family homes are the preferred option for Americans Single-family homes were the most common type of home purchased in 2023 in the United States, making up roughly ** percent of all purchases, showing that demand for single-family units remains strong. That explains why there is usually a far higher number of single-family homes than of other type of homes being built any given year. There were roughly *** multifamily homes whose construction started in 2024. Single family housing units in the United States The median size of a single family housing unit in the United States based on square footage has remained relatively consistent over the past two decades. The cost of housing varies around the United States. In 2023, the most expensive median price of an existing single-family home was on the West coast. However, it was in the Northeast where the median price of a new single-family home was the most expensive.

With ***** unit starts in 2024, Greystar was the leading apartment developer in the United States. This was just slightly higher than the number of units started by Dominium, which ranked second. Helping to meet the housing demand in the U.S. Unit starts—also known as housing starts—refer to the number of new residential construction projects on which ground has already been broken. In the United States, the number of multifamily housing starts, which includes the development of apartments, has been increasing in the past ten years. In comparison, the number of single-family housing starts in the United States was much higher at over a million units in 2024. Apartment living increases in popularity Alliance Residential is a real estate company that specializes in the development, construction, and management of multifamily residential properties. The number of completed multifamily housing units in the United States was around 450**** in 2023, with apartment demand accounting for the greatest share of that figure. The average size of multifamily units in the United States was about ***** square feet in 2023, a figure that has declined in recent years.

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 Aug 2025 about 5-unit structures +, construction, new, private, housing, and USA.

This table contains data described by the following dimensions (Not all combinations are available): Geography (11 items: Canada; Prince Edward Island; Nova Scotia; Newfoundland and Labrador ...), Housing estimates (3 items: Housing starts; Housing under construction; Housing completions ...), Type of unit (6 items: Total units; Semi-detached; Single-detached; Multiples ...).

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 2.9% to total an estimated $83.5 billion through the end of 2024, including an estimated 1.5% increase in 2024. Low interest rates amid the pandemic led residential investment to swell, which included apartment complexes. As inflationary concerns began to arise interest rate hikes led many contractors to delay construction, leading to contractions in 2022 and 2023 as housing starts sank. Profit has dropped as price competition held back any sizable growth and higher wage and material costs constrained profit. Multifamily complexes are still very much needed as young professionals and immigrants move to major cities, leading to growth in 2024. Home prices are set to push down, causing a shift in the housing market back to homeownership. Also, rate cuts will incentivize consumers to build homes instead of renting. While that may be the case, 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 increase at a CAGR of 1.9% to total an estimated $91.8 billion through the end of 2029.

The number of multi-family home starts in Ontario (Canada) has increased every year between 2019 and 2023. There were roughly ****** multiple housing unit construction projects started in Ontario in 2019, a number that amounted to approximately ****** units by 2023.

The purpose of the Survey of Construction (SOC) is to provide national and regional statistics on starts and completions of new single-family and multifamily housing units and statistics on sales of new single-family houses in the United States. The United States Code, Title 13, authorizes this survey and provides for voluntary responses. The Department of Housing and Urban Development partially funds this survey. The SOC also provides statistics on characteristics of new privately-owned residential structures in the United States. Data included are various characteristics of new single-family houses completed, new multifamily housing completed, new single-family houses sold, and new contractor-built houses started.

Housing developers have navigated pronounced economic swings over the past five years, as borrowing environments and Federal Reserve rate policy have dictated industry growth and contraction. Early pandemic-era interest rate cuts and remote work fueled a boom in home building, especially in suburban and affordable regions, but subsequent rate hikes sharply reversed momentum. Developers enjoyed robust sales from projects initiated during the low-rate period, even as new housing starts declined under pressure from rising mortgage costs and weakening consumer demand. The struggle has been particularly acute for small and medium-sized housing developers, which continue to close their doors or merge as cost pressures mount and competition from large developers intensifies. Persistent labor shortages and escalating input costs, driven partly by tariffs, have prevented profit growth, boosting the market share and pricing power of prominent developers able to pass costs to buyers or access strategic partners. Overall, industry revenue has been increasing at a CAGR of 5.2% over the past five years to total an estimated $324.2 billion in 2025, including an estimated decrease of 0.7% in 2025. Single-family construction marked a bright spot in 2024, with leading developers like DR Horton capitalizing on demand for space and affordability. However, the pipeline for single-family projects has been hindered by high rates and tariff uncertainty that persisted throughout most of 2025. Multifamily development endured deeper contractions, particularly in 2023 and 2024, with vacancy rates and losses intensifying among even the largest developers before rebounding in 2025 as starts and demand recovered. Continued rate cuts by the Federal Reserve will set the stage for housing developers to regain growth momentum. Developers are poised to benefit from pent-up demand, housing shortages and renewed construction activity, particularly in the single-family segment, where affordability remains critical. However, rising material and labor costs will continue to pose operational challenges, leading developers to seek efficiencies or pass costs downstream. The expiration of federal green building credits in 2026 will prompt a rush to complete qualifying projects, but may curb longer-term investment in sustainable construction unless new incentives emerge. Expansions near newly announced manufacturing hubs are expanding, with developers acquiring land and prepping communities to meet workforce housing needs as the national focus on domestic manufacturing spurs regional population inflows and rising housing demand. Overall, industry revenue is forecast to climb at a CAGR of 1.8% to total an estimated $354.7 billion through the end of 2030.

Housing Starts in Canada decreased to 245.79 Thousand units in August from 293.54 Thousand units in July of 2025. This dataset provides the latest reported value for - Canada Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The number of multi-family homes in Quebec has fallen sharply in 2022 and 2023. That came after a period of rising numbers of construction starts, which peaked in 2021 with approximately ****** new multiple housing projects. Meanwhile, there were roughly ****** multiple housing units started in 2016.

View monthly updates and historical trends for New Brunswick Apartment and Other Units Housing Starts 6-month Moving Average. Source: Canada Mortgage and …

Investment into residential housing construction has benefitted apartment and condominium construction activity in Canada in recent years. Immigration into Canada spurred record population growth during the period, deepening the housing crisis. In major urban centres, demand for housing units has exceeded the supply for years, inciting investment in retrofits and multistory apartment dwellings. Apartment contractors have been vital in filling the gaps in housing, with a low-interest environment and chronically low vacancy rates enticing investors at the beginning of the current period. The low housing supply and abundant demand kept investors bullish on apartments through the uncertainty of the pandemic, supporting growth. Still, the pandemic's disruption to global supply chains affected contractors when equipment and material costs reached unprecedented highs. Particularly through 2021 and 2022, materials price and wage inflation pushed up contractors’ rates, contributing to industry revenue growth. While subsequent years have seen slower building construction price inflation, high demand has kept price levels from falling. In all, industry-wide revenue has been rising at an expected CAGR of 4.0% over the past five years, totaling an estimated $61.6 billion in 2025, when revenue is anticipated to rise 1.9%. From early 2022 through May of 2024, the Bank of Canada steadily raised or maintained interest rates to combat inflation. Higher interest rates made developers more hesitant to invest in projects, driving up costs for builders and impeding profit. In 2024, however, the Bank of Canada began cutting interest rates consistently into 2025. Rates have been steady since March 2025 amid tariff uncertainty. Contractors will navigate a challenging landscape over the coming years. While interest rates will continue to fall, they will not reach pandemic lows. Labour shortages and continued elevated costs will also strain contractors' capacity. These challenges will affect the broader construction sector as well, pushing federal and provincial governments to introduce more infrastructure and workforce development programs. Over the next five years, apartment and condominium construction revenue is expected to expand at a CAGR of 1.1% to reach an estimated $65.2 billion in 2030.