The following charts show annual building permits issued for the three main categories of residential units: single-family, 5+ multifamily, and 2-4-unit multifamily. This latter category of duplexes, triplexes, and fourplexes is often overlooked in discussions about the health and direction of the national residential market. Nationally, their numbers are relatively small and in the charts below, they had to be scaled on a separate axis in order to make comparisons of their trends versus single-family and 5+ unit trends. Little to no data is available on average rents or occupancy for these rental units due to their small numbers spread out throughout the country and the diversity of ownership.
Read more....The Other Multifamily