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Single-Family Construction Drops, Multifamily Surges Amid Affordability Crisis

9/3/2025

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Summary

Story summary

In Q2 2025, single-family construction fell by 3.8% in large metro suburban areas.
Multifamily construction rose by 22.1% in small metro outlying counties.
Small metro core counties now account for 29.3% of the single-family market share.
Affordability challenges in single-family housing are increasing demand for multifamily units, influencing inflation and Federal Reserve rate decisions.

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Story summary

In Q2 2025, single-family construction fell by 3.8% in large metro suburban areas.
Multifamily construction rose by 22.1% in small metro outlying counties.
Small metro core counties now account for 29.3% of the single-family market share.
Affordability challenges in single-family housing are increasing demand for multifamily units, influencing inflation and Federal Reserve rate decisions.