Number of multifamily housing starts in the U.S. 2000-2019

There were 402,000 multifamily housing units started in the United States in 2019, which was a 20-year peak for the nation. This was an increase of almost 30,000 over the previous year.

Multifamily vs single-family housing demand

Multifamily housing includes various types of housing, such as apartment buildings, condominiums, duplexes, and townhouses. Housing starts fell during the 2007-2009 financial crisis for both single-family and multifamily housing. More single-family housing units are built in the U.S. annually. However, multifamily starts had returned to pre-recession levels by 2013, whereas single-family starts are still significantly below pre-recession levels.

Are multifamily homes getting smaller?

The median size of multifamily homes have slightly shrunk since 2007, which is a trend also visible in the size of newly built apartments since the recession. 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.

Number of multifamily housing starts in the United States from 2000 to 2019

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Sources

Release date

November 2020

Region

United States

Survey time period

2000 to 2019

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Statistics on "Multifamily homes in the United States"

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