Missing Middle Construction Stalled Since Great Recession

Date:

The missing middle construction sector comprises the development of medium-density housing, such as townhouses, duplexes, and other small multifamily buildings.

Edensaw Woods - Marine Plywood & Lumber Yard Supply in Washington State (WA)

Since the Great Recession, the multifamily sector of the missing middle (apartments in 2- to 4-unit complexes) has performed poorly.

In the fourth quarter of 2023, just 4,000 2- to 4-unit dwelling units were under construction.

This is the same as it was last year.

Two to four-unit development accounted for slightly more than 4% of overall multifamily production in the fourth quarter.

In comparison, between 2000 and 2010, such home construction accounted for somewhat less than 11% of overall multifamily construction.

Construction of the missing middle has certainly slowed since the Great Recession, and it will continue to do so without zoning change focused on light-touch density.

(Source: Buildradicals.com)


Amazing Builder Partners



Chris Gordon
Chris Gordon
Chris is our Texas contributor covering building products and home renovation.

Popular

Share post:

More like this
Related

First Coastal Exteriors Joins Beacon

Beacon announced the completion of its acquisition of First...

Kodiak Building Partners acquires Don’s Appliances

Kodiak Building Partners, a distributor of building materials and...

Lugbill Supply Center celebrates grand reopening event

On September 23, Lugbill Supply Center in Archbold, Ohio,...

Lennar Introduces New Single-Family Houses and Models in Shearwater

Lennar, one of the nation's leading homebuilders, has recently...

Accoya USA sets ground on a new facility in Tennessee

Accoya USA LLC started work on its US production...

Inflation Remains High as Housing Costs Continue to Rise

Despite a slowing in year-over-year growth, shelter costs continue...

NAHB: Majority of Single-Family Homes Built this Year were for Baby Boomers

According to the National Association of Home Builders, an...

Existing Home Sales Plunge to 13-Year Low as Mortgage Rates Surge

According to the National Association of Realtors, existing home...

RoyOMartin invests $9.5M to modernize manufacturing facility in Louisiana

Martco, LLC, the parent company of RoyOMartin, a third-generation,...

Holcim US Brings Legacy Brands Together in the Mid-Atlantic Region

Holcim US, a global leader in sustainable building solutions,...

Richmond American Introduces New Brentwood Model House

Richmond American Homes of California, a subsidiary of M.D.C....

JELD-WEN One of Newsweek’s Most Trustworthy Companies for 2023

For the second year in a row, JELD-WEN Holding,...

ODL Enters Exterior Door Market with the Acquisition of Tru Tech

ODL, Inc. has entered the external door market by...

Home Improvement Projects ROI Outlook: The 2020 Cost vs. Value Report

According to Remodeling magazine, The 2020 Cost vs. Value...

Andersen Windows & Doors has been named the 2023 Vendor of the Year by 84 Lumber

Andersen Windows & Doors has been named the 2023...

Better Doors and Windows has Joined Forces with Compose Build

Better Doors and Windows, a door and window manufacturing...