US multifamily segment of apartments in 2 to 4 unit properties disappointed in Q1 2023 with only 4,000 starts, flat from Q1 2022; segment accounted for only 4.0% of total multifamily production compared to a little less than 11% from 2000 to 2010: NAHB

Sample article from our Housing & Economy

WASHINGTON , May 26, 2023 (press release) –

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.



Tags: economics, home building, housing, missing middle, multifamily

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