In Multifamily, Bigger Is Better

The Census Bureau released its Characteristics of New Housing report recently. My biggest takeaway from the report was how much the gap between for sale and rental housing construction has narrowed in recent years – most of this has come from the massive decline in for-sale housing construction, but multi-family completions are up substantially as well. However, there is also a big story within the multi-family data: the units that are getting built are increasingly in larger buildings. Bloomberg’s Justin Fox highlighted this trend in a couple of fascinating graphs that illustrate this striking trend.

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