US multi-family housing starts with five or more units surged 10.1% month-over-month in December 2025 to a seasonally adjusted annual rate of 402,000. Housing Starts Multi Family in the United States averaged 367.05 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	5.35	5.44	percent	Feb 2026
30-Year Mortgage Rate	6.01	6.09	percent	Feb 2026
Average House Prices	532600.00	530200.00	USD	Dec 2025
Average Mortgage Size	385.51	380.61	Thousand USD	Jan 2026
Building Permits	1455.00	1388.00	Thousand	Dec 2025
Building Permits MoM	4.80	-1.60	percent	Dec 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	3910.00	4270.00	Thousand	Jan 2026
Existing Home Sales MoM	-8.40	4.40	percent	Jan 2026
Home Ownership Rate	65.70	65.30	percent	Dec 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	1404.00	1322.00	Thousand units	Dec 2025
Housing Starts MoM	6.20	3.90	percent	Dec 2025
Housing Starts Multi Family	402.00	365.00	Thousand units	Dec 2025
Housing Starts Single Family	981.00	942.00	Thousand units	Dec 2025
MBA Mortgage Market Index	339.00	329.90	points	Feb 2026
MBA Mortgage Refinance Index	1375.90	1284.60	points	Feb 2026
MBA Purchase Index	157.10	161.50	points	Feb 2026
MBA Mortgage Applications	2.80	-0.30	percent	Feb 2026
Mortgage Originations	524.42	512.15	Billion USD	Dec 2025
MBA 30-Year Mortgage Rate	6.17	6.21	percent	Feb 2026
NAHB Housing Market Index	36.00	37.00	points	Feb 2026
Case-Shiller Single Family Home Price Index	330.45	329.14	points	Nov 2025
New Home Sales	745.00	758.00	Thousand units	Dec 2025
New Home Sales MoM	-1.70	15.50	percent	Dec 2025
Pending Home Sales YoY	-0.40	-3.00	percent	Jan 2026
Pending Home Sales MoM	-0.80	-7.40	percent	Jan 2026
Price to Rent Ratio	134.04	133.46		Dec 2024
Residential Property Prices	1.22	1.78	Percent	Sep 2025
Existing Home Sales Prices	396800.00	405100.00	USD	Jan 2026
Total Housing Inventory	1220.00	1230.00	Thousands	Jan 2026

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.