The graph shows that investment in multi-family residential building construction followed a similar pattern to single-family residential buildings until the middle of 2023. Since then, multi-family residential building investment has grown while single-family investment has levelled off, with the former now comfortably above the latter in dollars invested. The question is whether this momentum in the multi-family construction market will continue as interest rates fall, potentially driven by factors like increasing rental housing demand and limited affordability of single-family homes.
