US multi-family housing starts with five or more units plunged 25.9% month-over-month in October 2025 to a seasonally adjusted annual rate of 347,000, the lowest since January. Housing Starts Multi Family in the United States averaged 366.98 Thousand units from 1959 until 2025, reaching an all time high of 1000.00 Thousand units in March of 1973 and a record low of 53.00 Thousand units in October of 2009. source: U.S. Census Bureau

Related	Last	Previous	Unit	Reference
15-Year Mortgage Rate	5.49	5.44	percent	Jan 2026
30-Year Mortgage Rate	6.10	6.09	percent	Jan 2026
Average House Prices	498000.00	483500.00	USD	Oct 2025
Average Mortgage Size	378.06	381.40	Thousand USD	Nov 2025
Building Permits	1411.00	1415.00	Thousand	Oct 2025
Building Permits MoM	-0.30	6.40	percent	Oct 2025
Case-Shiller 20-City Home Price Index	337.27	337.37	points	Nov 2025
Case-Shiller Home Price MoM	0.00	-0.30	percent	Nov 2025
Case-Shiller Home Price YoY	1.40	1.30	percent	Nov 2025
Construction Spending MoM	0.50	-0.60	percent	Oct 2025
Existing Home Sales	4350.00	4140.00	Thousand	Dec 2025
Existing Home Sales MoM	5.10	0.70	percent	Dec 2025
Home Ownership Rate	65.30	65.00	percent	Sep 2025
House Price Index MoM	0.60	0.40	percent	Nov 2025
House Price Index YoY	1.90	1.80	percent	Nov 2025
House Price Index	439.30	436.80	points	Nov 2025
Housing Starts	1246.00	1306.00	Thousand units	Oct 2025
Housing Starts MoM	-4.60	1.20	percent	Oct 2025
Housing Starts Multi Family	347.00	468.00	Thousand units	Oct 2025
Housing Starts Single Family	874.00	829.00	Thousand units	Oct 2025
MBA Mortgage Market Index	363.30	397.20	points	Jan 2026
MBA Mortgage Refinance Index	1332.20	1580.80	points	Jan 2026
MBA Purchase Index	193.30	194.10	points	Jan 2026
MBA Mortgage Applications	-8.50	14.10	percent	Jan 2026
Mortgage Originations	512.15	458.28	Billion USD	Sep 2025
MBA 30-Year Mortgage Rate	6.24	6.16	percent	Jan 2026
NAHB Housing Market Index	37.00	39.00	points	Jan 2026
Case-Shiller Single Family Home Price Index	330.45	329.14	points	Nov 2025
New Home Sales	737.00	738.00	Thousand units	Oct 2025
New Home Sales MoM	-0.10	3.80	percent	Oct 2025
Pending Home Sales YoY	-3.00	2.60	percent	Dec 2025
Pending Home Sales MoM	-9.30	3.30	percent	Dec 2025
Price to Rent Ratio	134.04	133.46		Dec 2024
Residential Property Prices	1.66	2.45	Percent	Jun 2025
Existing Home Sales Prices	405400.00	410000.00	USD	Dec 2025
Total Housing Inventory	1180.00	1440.00	Thousands	Dec 2025

United States Housing Starts Multi Family

Housing Starts Multi Family in the US refer to the number of new buildings with five units or more that have started construction during any particular month, intended primarily as a housekeeping residential building designed for non-transient occupancy. All housing units in a multifamily building are counted as started when excavation of the foundations begins. It excludes publicly owned, or government-built, housing.