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Multifamily Completion Climb Near a 40-Year High Completions Reached 608,000 Units by Rebecca Radtke, LCMP  In the South there were 292,000 completions in 2024 with 48%, the West had 27% with 163,000, the Midwest saw 87,000 or 14%, and the Northeast had 68,000 with 11%. Further, according to the National Association of Home Builders (NAHB), of the multifamily completions 95% - or 580,000 units - were built for rental use and of those 55% were in high-density situations. |
