Multifamily – Eye On Housing

August Private Residential Construction Spending Edges Higher

Private residential construction spending inched up 0.8% in August, continuing steady growth since June 2025. This modest increase was primarily driven by more spending on multifamily construction and home improvements. However, total spending was 2% lower than a year ago, as the housing sector continues to navigate the economic uncertainty stemming from ongoing tariff concerns and elevated mortgage rates. According to

Na Zhao November 17, 2025

Multifamily Developer Confidence Increases in Third Quarter, But Still in Negative Territory

Confidence in the market for new multifamily housing increased year-over-year in the third quarter, according to the Multifamily Market Survey (MMS) released today by the National Association of Home Builders

Eric Lynch November 6, 2025

The International Builders’ Show: The Leading Economic Forecast Event of the Year

Every year, NAHB and other industry experts and economists bring their latest insights to the NAHB International Builders’ Show® (IBS). For 2026, IBS offers an unparalleled lineup of IBS Education

Onnah Dereski November 4, 2025

Builders Stay Cautious as Single-Family Permits Weaken

In August, single-family permit activity softened, reflecting caution among developers amid persistent economic headwinds. This trend has been consistent for eight continuous months. On the multifamily front, permitting also cooled

Danushka Nanayakkara-Skillington October 15, 2025

Shorter Apartment Construction Time in 2024

The average time needed to complete construction of a multifamily building after obtaining authorization edged down in 2024, according to the 2024 Survey of Construction (SOC) from the Census Bureau.

Na Zhao October 6, 2025

Housing Starts Remain Soft Ahead of Fed Meeting

Challenging affordability conditions continue to act as headwinds for the housing industry, but the sector could see lower interest rates in the near future with the Federal Reserve expected to cut

Robert Dietz September 17, 2025

July Private Residential Construction Spending Edges Higher

Private residential construction spending inched up 0.1% in July, registering the first monthly gain after six consecutive declines. This modest increase was primarily driven by more spending on single-family construction

Na Zhao September 2, 2025

NAHB HBGI: Relative Gains for Smaller Markets, Particularly for Multifamily

Single-family construction declined in the second quarter of 2025 for almost all tracked markets, according to the NAHB Home Building Geography Index (HBGI). Meanwhile, multifamily construction continued to expand in

Jesse Wade September 2, 2025

Multifamily Absorption Rises in the Second Quarter

The percentage of new apartment units that were absorbed within three months after completion rose in the second quarter, according to the Census Bureau’s latest release of the Survey of

Jesse Wade August 29, 2025

Multifamily Missing Middle Trends

The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties)

Robert Dietz August 25, 2025

Multifamily Built-for-Rent Share

According to NAHB analysis of quarterly Census data, the count of multifamily, for-rent housing starts increased during the second quarter of 2025. For the quarter, 109,000 multifamily residences started construction.

Robert Dietz August 25, 2025

Single-Family Starts Edge Higher but Affordability Challenges Persist

Single-family housing starts posted a modest gain in July as builders continue to contend with challenging housing affordability conditions and a host of supply-side headwinds, including labor shortages, elevated construction

Robert Dietz August 19, 2025

June Single-Family Permits Slumps, Multifamily Gains

Single-family housing permits continued a downhill trend for the sixth month in a row. The continuous decline in single-family permits highlights persistently weak housing demand, tied to affordability challenges like

Danushka Nanayakkara-Skillington August 15, 2025

Multifamily Developer Confidence Increases in Second Quarter

Confidence in the market increased for multifamily developers in the second quarter of 2025, according to the Multifamily Market Survey (MMS) released today by the National Association of Home Builders

Eric Lynch August 7, 2025

Student Housing Construction Rises in the Second Quarter of 2025

Private fixed investment in student dormitories inched up 0.3% in the second quarter of 2025, reaching a seasonally adjusted annual rate (SAAR) of $3.9 billion. This gain followed a 1.1%

Na Zhao August 4, 2025

Single-Family Starts Weaken in June as Affordability Challenges Persist

Single-family housing starts declined in June to the lowest rate since July 2024 as elevated interest rates, rising inventories and ongoing supply-side issues continue to act as headwinds for the

Robert Dietz July 18, 2025

Permits Fall in May 2025

Housing permits continued a downhill trend for the fifth month in a row, pointing to a broader residential construction slowdown for 2025. This slowdown is attributed to factors like higher

Danushka Nanayakkara-Skillington July 16, 2025

2024 Multifamily Construction: Units Completed Reaches 38-year High

Multifamily units completed in 2024 recorded their highest level since 1986 at 608,000 units, according to NAHB analysis of the Census Bureau’s Survey of Construction. For the eighth consecutive year,

Jesse Wade July 7, 2025

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