U.S. Multifamily Construction Hits Six-Year Low Amid Rising Financing Costs
Multifamily housing starts in the U.S. have dropped to a six-year low due to rising financing costs, according to federal data from June 2026. Despite this downturn, Cleveland's $300 million Belle Oaks Marketplace project is on track for completion with its first residences expected by October 2026.
Topics: apartment development housing starts multifamily construction