Multifamily Units See Large Spike in 2017

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According to new research from the NAHB’s Eye on Housing, construction of units in large multifamily buildings (50+ units) grew by 18% in 2017, representing the largest increase since 1972 when this data started being collected.  In addition, they report that these units accounted for more than half of all multifamily completions.  The data cited is from the U.S. Census Bureau’s latest Survey of Construction (SOC).

Click here to read the full report at the NAHB’s Eye on Housing.

 

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Director of Education & Outreach, National Real Estate Investors Association

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