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With unit starts in 2024, Greystar was the leading apartment developer in the United States. This was just slightly higher than the number of units started by Dominium, which ranked second. 

Helping to meet the housing demand in the U.S.

Unit starts—also known as housing starts—refer to the number of new residential construction projects on which ground has already been broken. In the United States, the number of multifamily housing starts, which includes the development of apartments, has been increasing in the past ten years. In comparison, the number of single-family housing starts in the United States was much higher at over a million units in 2024. 

Apartment living increases in popularity

Alliance Residential is a real estate company that specializes in the development, construction, and management of multifamily residential properties. The number of completed multifamily housing units in the United States was around 450**** in 2023, with apartment demand accounting for the greatest share of that figure. The average size of multifamily units in the United States was about square feet in 2023, a figure that has declined in recent years.