Build-to-RentSingle-Family Rental

Apartment Construction Booming!

Lesley Deutch photo

Lesley Deutch

November 15, 2012

There are 44 metro areas which will double their multifamily construction this year. Among the major markets, the growth is staggering:

The Boom Has Just Begun

Despite the boom, many of these markets are far from their peak levels of construction, and we think further increases can easily be absorbed in a growing economy.

The Shift to Rental

There is now more multifamily construction than single-family construction in 36 of the 183 MSAs we forecast. The surge in multifamily construction has extended beyond the coastal markets to such inland areas as Austin and Dallas. Here are the 20 markets where multifamily most exceeds single-family construction

The Consequences

The growth in multifamily construction is contributing to rising labor and materials costs for builders of all homes. At some point, the multifamily market is likely to get overbuilt too, which always seems to coincide with a recession. Right now, the outlook for the apartment market looks bright.

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About The Author

Lesley Deutch photo
Lesley Deutch
Managing Principal
Lesley has more than 25 years of experience consulting with executives in the finance and real estate industries throughout North America. She works across a wide spectrum of industries including apartments, for-sale housing, high-rise development, urban projects, single-family rental, building products, and commercial developments.

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