Spotlights
Single-Family vs. Multifamily: Which Housing Types Are Seeing the Biggest Growth?
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From the article:
"The U.S. housing market is transforming, with shifting economic conditions, changing demographics, and evolving housing preferences influencing where and how people live. Rising home prices and interest rates have made homeownership less accessible, driving demand for more affordable alternatives like middle housing and apartment living.
According to the U.S. Census Bureau’s American Community Survey (ACS), the share of single-family housing has fluctuated in recent years, while multifamily construction has surged in response to affordability challenges. To better understand these changes, the research team at This Old House analyzed data from the U.S. Census Bureau to track the growth of different housing types from 2019 to 2023. For this analysis, we grouped structures into three categories: single-family residences (standalone housing units), middle housing (structures with up to nine units), and mid-to-large apartments (buildings with 10 or more units).
Housing growth varies widely across cities, with some metro areas prioritizing high-density developments and others continuing to expand single-family neighborhoods. By examining how each category has expanded or contracted over time, we identify which housing types are seeing the biggest growth and what this means for people looking to relocate. These trends highlight the importance of finding the right moving company for individuals and families relocating in search of housing that better suits their needs and budgets."
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