The construction of multifamily homes in the U.S. fell to around  billion U.S. dollars in 2024, and it is expected to keep decreasing in 2025 and 2026. This came after a period of significant growth between 2019 and 2023, when it peaked at * billion U.S. dollars. New residential construction in the United States increased in 2024.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
FMI Corporation. (January 29, 2026). New multifamily construction spending in the United States from 2005 to 2024, with forecasts until 2029 (in billion current U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 25, 2026, from /statistics/226511/value-of-us-multi-family-building-construction/
FMI Corporation. "New multifamily construction spending in the United States from 2005 to 2024, with forecasts until 2029 (in billion current U.S. dollars)." Chart. January 29, 2026. ÌÇÐÄÆƽâ°æ. Accessed July 25, 2026. /statistics/226511/value-of-us-multi-family-building-construction/
FMI Corporation. (2026). New multifamily construction spending in the United States from 2005 to 2024, with forecasts until 2029 (in billion current U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 25, 2026. /statistics/226511/value-of-us-multi-family-building-construction/
FMI Corporation. "New Multifamily Construction Spending in The United States from 2005 to 2024, with Forecasts until 2029 (in Billion Current U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 29 Jan 2026, /statistics/226511/value-of-us-multi-family-building-construction/
FMI Corporation, New multifamily construction spending in the United States from 2005 to 2024, with forecasts until 2029 (in billion current U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/226511/value-of-us-multi-family-building-construction/ (last visited July 25, 2026)
New multifamily construction spending in the United States from 2005 to 2024, with forecasts until 2029 (in billion current U.S. dollars) [Graph], FMI Corporation, January 29, 2026. [Online]. Available: /statistics/226511/value-of-us-multi-family-building-construction/
