Housing pipeline
September 2026
The figures below are seasonally adjusted annual rates for privately owned housing units. They are annualized estimates, not a count of units completed during September itself.
503,000
Five-plus-unit permits
Authorized at a seasonally adjusted annual rate in September 2026.
U.S. Census Bureau, October 20, 2026 ↗349,000
Five-plus-unit starts
Started at a seasonally adjusted annual rate in September 2026.
U.S. Census Bureau, October 20, 2026 ↗339,000
Five-plus-unit completions
Completed at a seasonally adjusted annual rate in September 2026.
U.S. Census Bureau, October 20, 2026 ↗1.221M
Total housing starts
Privately owned units started at a seasonally adjusted annual rate in September 2026.
U.S. Census Bureau, October 20, 2026 ↗Construction economy
August 2026
These estimates provide a broad view of the construction market in which residential and multifamily projects are planned, financed, and delivered.
$882.3B
Private residential spending
Seasonally adjusted annual rate for August 2026, up 1.1% from July.
U.S. Census Bureau, October 1, 2026 ↗$2.203T
Total construction spending
Seasonally adjusted annual rate for August 2026.
U.S. Census Bureau, October 1, 2026 ↗Methodology and sources
How to use these figures
This page brings together the latest U.S. Census Bureau releases available as of October 22, 2026. Housing production figures use the Census Bureau’s five-or-more-unit category. Construction spending figures use the Bureau’s seasonally adjusted annual-rate estimates.
- Monthly New Residential Construction, September 2026, released October 20, 2026.
- Monthly Construction Spending, August 2026, released October 1, 2026.
Cite this page
JPI Global Holdings. “U.S. Multifamily Development Statistics, 2026.” Updated October 22, 2026. https://jpiglobalholdings.com/market-data/us-multifamily-development-statistics
Strategic Capital
Preparing a development capital request?
Bring a clear project brief, capital requirement, use of proceeds, timeline, and available documentation for an initial fit review.
Submit a Funding Inquiry