Price growth of home construction U.S. 2022, by type

The price of single-family homes under construction in the United States increased significantly more than that of multifamily units in 2022. While the price of single-family houses was over 16 percent higher than in the previous year, those figures amounted to 7.9 percent for multifamily residential units. The overall cost of construction materials in the U.S. increased a lot in 2021 and 2022.

Annual price growth rate of housing under construction in the United States from 2006 to 2022, by type

Characteristic	Single‐family houses	Multifamily residential units
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-

Download

Source

Show detailed source information?

Already a member?

Sources

Use Ask Statista Research Service

Release date

June 2023

More information

Region

United States

Survey time period

2006 to 2022

Supplementary notes

The figures used correspond to the price deflator (fisher) index.
The figures for single-family houses were directly obtained from the source. Meanwhile, for the figures for multifamily units Statista calculated as an average of the quarterly index values provided by the source. After that, Statista calculated the annual growth rate as follows: 100*(Y2-Y1)/Y1.

Citation formats