2018 Multifamily Construction Starts

$ in billions

Source: Dodge Data & Analytics

Data by Robert Murray, chief economist, Dodge Data & Analytics

The top 10 metropolitan areas for multifamily housing construction starts increased for the most part in 2018, with only two markets displaying decreased activity compared to the same interval in 2017. The Boston-Cambridge-Quincy, Mass.-N.H., metro led growth, registering the largest increase (up 71 percent), from $2.8 billion to $4.8 billion. Miami-Fort Lauderdale-Miami Beach, Fla., followed with a 43 percent increase, from $3 billion to $4.3 billion, while the Washington-Arlington-Alexandria, D.C.-Va.-Md.-W.V., metro posted gains of 26 percent, from $3.5 billion to $4.4 billion year-over-year.

Multifamily housing construction starts decreased by 28 percent or by roughly $1 billion in the Chicago-Naperville-Joliet, Ill.-Ind.-Wis., metro area, from $3.6 billion to $2.6 billion. The Los Angeles-Long Beach-Santa Ana, Calif., metro also recorded declines, with construction starts falling by 11 percent, from $4.5 billion in 2017 to $4 billion in 2018.

—Posted on June 21, 2019

$ in billions

Source: Dodge Data & Analytics

Data by Robert Murray, chief economist, Dodge Data & Analytics

The top ten metropolitan areas for multifamily housing construction starts mainly increased in the first half of 2018, with only four markets displaying decreased activity compared to the same interval in 2017. The Boston-Cambridge-Quincy, Mass.-N.H. metro led the way, posting the largest increase, up by 146 percent, from $954 billion to $2.3 billion. Miami-Fort Lauderdale-Miami Beach, Fla. followed with a 95 percent growth, from $1.4 billion to $2.8 billion, while the Seattle-Tacoma-Bellevue, Wash. metro posted gains of 66 percent, from $1.4 billion to $2.3 billion year-over-year.

Multifamily housing construction starts dropped by 51 percent or by roughly $1.4 billion in the Los Angeles-Long Beach-Santa Ana, Calif. metro area, from $2.9 billion to $1.5 billion. The Atlanta-Sandy Springs-Marietta, Ga. metro also recorded declines, with construction starts falling by 33 percent, from $1.5 billion in the first half of 2017 to $999 million in the first half of 2018.

—Posted on Dec. 17, 2018

$ in billions

Source: Dodge Data & Analytics

Data by Robert Murray, chief economist, Dodge Data & Analytics

The top ten metropolitan areas for multifamily housing construction starts mainly decreased in 2017, with only two markets displaying increased activity compared to 2016. The Atlanta-Sandy Springs-Marietta, Ga., metro led the way, posting the largest increase of 26 percent, from $2.3 million to $2.9 million. San Francisco-Oakland-Fremont, Calif., followed with a 3 percent growth, from $2.9 million to $3 million year-over-year.

Multifamily housing construction starts dropped by 51 percent or by roughly $2.8 million in the Miami-Fort Lauderdale-Miami Beach, Fla., metro area, from $5.5 million to $2.7 million. The Boston-Cambridge-Quincy, Mass.-N.H. metro also recorded declines, with construction starts falling by 30 percent, from $4.1 million in 2016 to $2.9 million in 2017. The Dallas-Fort Worth-Arlington, Texas, metro recorded a decline of 27 percent, followed by Chicago-Naperville-Joliet, Ill.-Ind.-Wis. (down by 24 percent).

—Posted on July 11, 2018