Size of Typical Multifamily Residence Increases

Printer-friendly version
May 26, 2015

According to the NAHB, the average per unit square footage of multifamily housing construction starts was 1,238, a post-recession high.

“The typical size of newly built multifamily units remains below the averages/medians recorded during the boom years, when the share of for-sale multifamily was considerably higher,” writes NAHB economist Robert Dietz.

“The share of multifamily housing starts built for-rent fell to a historical low of 47 percent during the third quarter of 2005,” he adds. “It is currently 96 percent above the approximate 80 percent share recorded during the 1980-2002 period due to the ongoing surge in rental demand.”

Read more

Comments on: "Size of Typical Multifamily Residence Increases"

July 2017

This Month in Professional Builder


Ashton Woods launched Starlight Homes to target entry-level home...

Overlay Init