Big apartment buildings are going up at a record pace in the U.S., but little ones are ever rarer. That’s a problem.
By Justin Fox | Bloomberg
Developers in the U.S. built 358,000 units of new multifamily housing in 2017. That’s less than half the number of single-family homes built last year, but the gap between the two has narrowed a lot over the past decade. And while the current pace of single-family housing construction is still way below its pre-housing-crash norm, those 358,000 multifamily units were the most built in a year since 1989.
