Search Twitter Facebook Digital HFBusiness Magazine Pinterest Google

Get the latest industry scoop



Factoids offer brief snapshots of current topics pertinent to the Furniture industry based on our on-going research. Increase your grasp of current trends, consumer attitudes, and shifts within the industry through solid statistics and concise insight.

View Factoid Library




Housing Starts Not Keeping Up with Demand Single-Family Units vs. Multi-Family Units

Although the U.S. now has a healthy economy, incomes are on the rise, and growth in household formations has finally started to normalize, the housing industry cannot keep up.

This is the third factoid in a series of five factoids detailing slow-to-grow housing starts, low inventories, and rising mortgages and rents.

Single-Family Units vs. Multi-Family Units

Between 2010 and 2015, a shift occurred in housing starts between single-family and multi-family units. In 2010, the vast majority of housing starts (80.3%) were single family, while that number shifted to 64.3% in 2015. In 2015, multi-family units represented over a third of all housing starts signaling a growth in more affordable housing. Since that time, however, multi-family starts have fallen under 30% of total housing starts.

Regionally the ratio of single family to multi-family housing starts is strikingly different in the Northeast where multi-family housing starts represent 43.8% of all starts this year through May year-to-date. The Midwest has the lowest multi-family ratio at 25.6%.

Probably more worrisome than negative housing starts this year is the larger decline of building permits. With the exception of multi-family units up 2.9%, total building permits are down 2.4% and single-family units dropped 5.3% from 2018 to 2019 YTD.

Source: U.S. Census Bureau, U.S. Department of Housing and Urban Development

Comments are closed.

Showing 1 Comment


[Trackback]    4 years ago

Trackback from Domain:

Fast Fact: Housing Starts Shift Slightly Toward Multi-Family Units Since 2010
Performance Groups
HFB Designer Weekly
HFBSChell I love HFB
HFB Got News
HFB Designer Weekly