Multifamily For-Rent Starts Experience Record Quarter
According to NAHB analysis of quarterly Census data, multifamily for-rent housing starts surged during the second quarter of 2022 to 142,000 units, the largest quarter for rental multifamily construction since the second quarter of 1986.
The market share of rental units of multifamily construction starts bounced back to 96%. In contrast, the historical low share of 47% was set during the third quarter of 2005, during the condo building boom. An average share of 80% was registered during the 1980-2002 period.
Chief Economist Robert Dietz provides more in this Eye on Housing post.
Latest from NAHBNow
Disaster Response
Sep 12, 2025
Builders’ Guide to Keeping Job Sites and Communities PreparedSeptember is National Preparedness Month, an annual federal initiative to raise awareness and equip individuals, businesses and communities with the tools they need to prepare for disasters.
IBS | Awards
Sep 11, 2025
2026 Best of IBS Awards OpenThe NAHB International Builders’ Show® (IBS) recognizes the outstanding building products and services with the Best of IBS Awards. Apply by Nov. 21, 2025, to showcase your products.
Latest Economic News
Economics
Sep 12, 2025
Household Real Estate Asset Values Reach New HighThe market value of household real estate assets rose to $49.3 trillion in the second quarter of 2025, according to the most recent release of U.S. Federal Reserve Z.1 Financial Accounts. The value rose by 2.7% from the first quarter and is 1.1% higher than a year ago. This measure of market value estimates the value of all owner-occupied real estate nationwide.
Economics
Sep 11, 2025
Parking Trends in Newly Completed Single-Family Homes, 2024In 2024, 65% of newly completed single-family homes featured two-car garages, according to NAHB’s analysis of the Census’s Survey of Construction data. The share of new homes with three or more car garages stood at 15%, continuing a downward trend from its peak of 24% in 2015 and decreasing 2 percentage points from 2023.
Economics
Sep 10, 2025
Year-over-Year Building Material Price Growth AdvancesPrice growth for residential building materials rose for the fourth straight month in August, reaching its highest level since January 2023. Across domestic inputs goods and services into residential construction, service prices decreased in August while goods prices slightly advanced.