WASHINGTON
,
May 26, 2023
(press release)
–
https://www.facebook.com/sharer.php?u=https%3A%2F%2Feyeonhousing.org%2F2023%2F05%2Fmultifamily-missing-middle-flat-at-start-of-2023%2F&t=Multifamily%20Missing%20Middle%20Flat%20at%20Start%20of%202023&s=100&p[url]=https%3A%2F%2Feyeonhousing.org%2F2023%2F05%2Fmultifamily-missing-middle-flat-at-start-of-2023%2F&p[images][0]=https%3A%2F%2Feyeonhousing.org%2Fwp-content%2Fuploads%2F2023%2F05%2Fmm-1q23-scaled.jpg&p[title]=Multifamily%20Missing%20Middle%20Flat%20at%20Start%20of%202023" style="font-size: 0px;width:24px;height:24px;margin:0;margin-bottom:5px;margin-right:5px"> The missing middle construction sector includes development of medium-density housing, such as townhouses, duplexes and other small multifamily properties. The multifamily segment of the missing middle (apartments in 2- to 4-unit properties) has disappointed since the Great Recession. For the first quarter of 2023, there were just 4,000 2- to 4-unit housing unit construction starts. This is flat from a year prior. As a share of all multifamily production, 2- to 4-unit development was only 4% of the total for the fourth quarter. In contrast, from 2000 to 2010, such home construction made up a little less than 11% of total multifamily construction. Construction of the missing middle has clearly lagged during the post-Great Recession period and will continue to do so without zoning reform focused on light-touch density.
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