Rental Multifamily Construction Starts Surged in Q2
For-rent multifamily housing starts increased significantly in Q2 2022, the National Association of Home Builders (NAHB) reports. The quarterly total reached 142,000 units in the second quarter, the highest count for rental multifamily construction since Q2 1986.
This high level of rental units in the pipeline has kept the average new apartment size low, according to NAHB. In Q2 2022, the average square footage of multifamily construction starts declined to 1,057 square feet.
Read more at EyeOnHousing.org.
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