According to recent Census data analyzed by the NAHB’s Eye on Housing, in 2024 completed multifamily units recorded their highest level since 1986 coming in at 608k units. In addition, the report says that for the 8th consecutive year, most multifamily units were in buildings with 50 or more units. And, among those units completed in 2024, 95% were built-for-rent at a level of 580k.
Cick here to read the full story at the NAHB’s Eye on Housing
The post Multifamily Construction Reaches 38-year High in 2024 appeared first on Real Estate Investing Today.
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