The latest insights reveal cities and states leading the charge in multifamily units under construction or in the planning stage. While new permit activity is down, there's still a wave of construction set to deliver in the next 2 years. With 903K units in development across the U.S., it's clear demand for housing is driving significant activity in key markets.
📍Top Highlights:
Dallas is the #1 city with the most multifamily units under construction or in planning at 51K units. Texas also leads all States with 125K units, underscoring its role as a hotspot for development.
Growth markets like Phoenix, Charlotte, Miami, and Raleigh are also seeing substantial development ranging from 24K to 47K units. As urban centers expand and adapt to growing populations, these numbers showcase the dynamic efforts to meet housing needs nationwide.
In addition to the southern and Sun Belt markets, the broader trends in multifamily development reflect a shift toward urban densification and adaptive planning. As housing demand continues to rise, developers are focusing on creating communities that integrate seamlessly into expanding urban centers, prioritizing accessibility, sustainability, and modern amenities. These projects are not just about meeting population growth, but also about reshaping the urban landscape to accommodate evolving lifestyle needs.
