The construction of multifamily homes in the U.S. is expected to decline in 2021 by 15 billion U.S. dollars, after an initial growth in 2020. In 2020, new residential construction in the United States is to increase by 15 billion U.S. dollars, this despite the impact of COVID-19. The source adds this increase mostly stems from home improvements - additions, alterations and major replacements. Single-family housing construction and multifamily houses being built also increased, but not as much.
New multifamily construction spending in the United States from 2005 to 2019, with forecasts from 2020 to 2024
(in billion current U.S. dollars)
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FMI Corporation. (October 2, 2020). New multifamily construction spending in the United States from 2005 to 2019, with forecasts from 2020 to 2024 (in billion current U.S. dollars) [Graph]. In Statista. Retrieved January 26, 2022, from https://www.statista.com/statistics/226511/value-of-us-multi-family-building-construction/
FMI Corporation. "New multifamily construction spending in the United States from 2005 to 2019, with forecasts from 2020 to 2024 (in billion current U.S. dollars)." Chart. October 2, 2020. Statista. Accessed January 26, 2022. https://www.statista.com/statistics/226511/value-of-us-multi-family-building-construction/
FMI Corporation. (2020). New multifamily construction spending in the United States from 2005 to 2019, with forecasts from 2020 to 2024 (in billion current U.S. dollars). Statista. Statista Inc.. Accessed: January 26, 2022. https://www.statista.com/statistics/226511/value-of-us-multi-family-building-construction/
FMI Corporation. "New Multifamily Construction Spending in The United States from 2005 to 2019, with Forecasts from 2020 to 2024 (in Billion Current U.S. Dollars)." Statista, Statista Inc., 2 Oct 2020, https://www.statista.com/statistics/226511/value-of-us-multi-family-building-construction/
FMI Corporation, New multifamily construction spending in the United States from 2005 to 2019, with forecasts from 2020 to 2024 (in billion current U.S. dollars) Statista, https://www.statista.com/statistics/226511/value-of-us-multi-family-building-construction/ (last visited January 26, 2022)
