Real Estate Matters | News About Utah Real Estate and Mortgage

Multifamily Housing Starts Surge 21% in Q2 2025

Multifamily Housing Starts Surge 21% in Q2 2025

Multifamily housing starts reached 109K units in Q2 2025, with 102,000 built-for-rent, ↑ 21% yearly. Rental units made up 94% of multifamily starts, far above the long-term avg of 80% and the historical low of 47% during the 2005 condo boom. Condo construction starts...

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