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- 💰 Smarter Building = Lower Costs
💰 Smarter Building = Lower Costs
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📈 Data Point
Multifamily Housing Starts Drop to 278,000 Units in May
According to the U.S. Census Bureau’s latest data, seasonally adjusted multifamily housing starts fell to 278,000 units in May 2025—down from 322,000 in April. The dip reflects tighter financing conditions and developer caution amid fluctuating interest rates.
🧭 Market Watch
Fort Bend County, Texas
Construction is underway on a new 346-unit multifamily project at Fort Bend Town Center, led by Sueba USA. The development includes four buildings and over 530 parking spots, bringing more residential density to a growing suburban area southwest of Houston.
🧾 Rule of the Day
Physical Occupancy
Physical Occupancy measures the percentage of units that are currently occupied by tenants, regardless of whether they’re paying rent. It differs from economic occupancy, which looks at income generated.
Formula = (Occupied Units ÷ Total Units) × 100
If a 100-unit building has 92 units filled, the physical occupancy is 92%..
🌱 Green Build
Smarter Building = Lower Costs
Developers are turning to smart building systems to cut costs in multifamily construction. Tools like intelligent thermostats, leak detection, and energy-use monitoring help reduce long-term expenses. These solutions are increasingly being used to offset rising labor and material prices. Know more.
🏘 Deal Radar
Rochester, NY This is a 72-unit apartment built in 2016. It is located in the East End neighborhood, close to downtown, making it a desirable property for potential renters. | Portland, OR This portfolio includes two buildings, consisting of 58 units. Both were built in 2020 and have ten-year tax abatement. There are 30 studio apartments and 28 enclaves. | Chicago, IL Located within minutes away from major shopping and dining centers, this property appeals to affluent young professionals. Its large floorplans also add to its appeal. |
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