The price of multifamily units under construction in the United States increased significantly more than that of single-family homes in 2024. While the price of single-family houses was two percent higher than in the previous year, those figures amounted to over four percent for multifamily residential units. The overall cost of construction materials in the U.S. increased noticeably in 2021 and 2022.
Annual price growth rate of housing under construction in the United States from 2006 to 2024, by type
The figures used correspond to the price deflator (fisher) index. The figures for single-family houses were directly obtained from the source. Meanwhile, for the figures for multifamily units Statista calculated as an average of the quarterly index values provided by the source. After that, Statista calculated the annual growth rate as follows.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
US Census Bureau, & Statista. (February 27, 2025). Annual price growth rate of housing under construction in the United States from 2006 to 2024, by type [Graph]. In Statista. Retrieved May 03, 2025, from https://www.statista.com/statistics/1388493/annual-price-growth-rate-of-housing-construction-us-by-type/
US Census Bureau, und Statista. "Annual price growth rate of housing under construction in the United States from 2006 to 2024, by type." Chart. February 27, 2025. Statista. Accessed May 03, 2025. https://www.statista.com/statistics/1388493/annual-price-growth-rate-of-housing-construction-us-by-type/
US Census Bureau, Statista. (2025). Annual price growth rate of housing under construction in the United States from 2006 to 2024, by type. Statista. Statista Inc.. Accessed: May 03, 2025. https://www.statista.com/statistics/1388493/annual-price-growth-rate-of-housing-construction-us-by-type/
US Census Bureau, and Statista. "Annual Price Growth Rate of Housing under Construction in The United States from 2006 to 2024, by Type." Statista, Statista Inc., 27 Feb 2025, https://www.statista.com/statistics/1388493/annual-price-growth-rate-of-housing-construction-us-by-type/
US Census Bureau & Statista, Annual price growth rate of housing under construction in the United States from 2006 to 2024, by type Statista, https://www.statista.com/statistics/1388493/annual-price-growth-rate-of-housing-construction-us-by-type/ (last visited May 03, 2025)
Annual price growth rate of housing under construction in the United States from 2006 to 2024, by type [Graph], US Census Bureau, & Statista, February 27, 2025. [Online]. Available: https://www.statista.com/statistics/1388493/annual-price-growth-rate-of-housing-construction-us-by-type/
