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multifamily built for rent

  • Multifamily

2023 Multifamily Construction: Growing Share of Low-Medium Density Buildings

Jesse WadeJuly 8, 2024July 8, 2024

Reaching the highest level of multifamily completions since 1987, 450,000 multifamily units were completed in 2023, with 216,000 units completed in buildings with fewer than 50 units according to NAHB Analysis of the Census Bureau’s Characteristics of Units in New Multifamily Buildings Completed. This was…

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  • Multifamily

Slowing Multifamily Building Market Holds Elevated Built-for-Rent Share

Robert DietzMay 17, 2024May 17, 2024

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts declined significantly during the first quarter of 2024. For the quarter, 80,000 multifamily residences started construction. Of this total, 75,000 were built-for-rent. This marks a notable 39% decline from the…

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