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Category: Apartments, Multifamily Tags: Apartments, Development, Multifamily
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Despite a year of economic hardship and uncertainty, the demand for multifamily housing hasn’t slowed down. According to the U.S. Census Bureau, overall construction spending is projected to reach $1.45 trillion in 2021, compared to $1.43 trillion and $1.36 trillion in 2020 and 2019, respectively. Many metros across the nation, like Phoenix, Dallas-Fort Worth, and Cleveland, continue to see population growth, corporate relocations and expansions, and employment growth. Consequently, the demand for multifamily is ever-present. Here are some updates revolving around multifamily construction across the U.S.

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