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Apartment development slowdown weighs on U.S. housing starts

Multifamily groundbreakings fell 15.6% in July as builders grapple with uncertainty
July's multifamily starts totaled 421,000, a decline of 15.6% from June and of 7.1% from July 2025, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Shown are places to live in Downtown Dallas, Texas. (Antonio Bonner/CoStar)
July's multifamily starts totaled 421,000, a decline of 15.6% from June and of 7.1% from July 2025, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development. Shown are places to live in Downtown Dallas, Texas. (Antonio Bonner/CoStar)
By CoStar News Staff
August 18, 2026 | 6:20 P.M.

U.S. housing starts are falling as economic uncertainty continues to weigh on multifamily and single-family homebuilding.

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