NAHB: Multifamily completions hit 38-year high
Construction Dive

AI Article Summary
According to the National Association of Home Builders (NAHB), multifamily housing completions have reached their highest level in 38 years. In 2024, 48% of these completions took place in the South, with the West following at 27%. This surge in completions highlights a significant shift in the residential building sector. The increase indicates robust activity in the multifamily housing market, particularly in specific regions like the South and West.