"In the fourth quarter of 2025, 96,000 multifamily units started construction, with 91,000 built for rent, marking an 18% increase over the previous year."
"The rental product accounted for 95% of all multifamily starts in the quarter, one of the highest shares on record, compared to an average of 80% from 1980 to 2002."
"The average size of a multifamily unit started in the fourth quarter of 2025 was 1,068 square feet, with a median of 1,048 square feet, still below pre-2008 norms."
In the fourth quarter of 2025, multifamily construction saw a significant increase, with 96,000 units started, 91,000 of which were built for rent. This represents an 18% rise from the previous year, marking 95% of all multifamily starts as rental units. The average size of these units was 1,068 square feet, still below pre-Great Recession levels. The data indicates a strong rental market, with the condo sector remaining stagnant, influencing builders to focus on smaller, more affordable rental products.
Read at www.housingwire.com
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