How The Housing Recession Hit Multifamily Construction in the United States

When the housing recession hit the United States back in 2008, we all know that construction of new homes for sale took a steep dive. We’re interested in apartments and apartment living here at HotPads, so I was positively giddy when I found these new construction data tables on the National Multifamily Housing Council and decided to plot one of them out.

Check out what happened to multifamily construction when the “housing” recession hit. I’d say the recession affected more than homes, would you?