Multifamily home building is gradually picking up pace in large metros once again, according to an analysis from the National Association of Home Builders.

“In the wake of the public health crisis, there is a pronounced return to higher density markets or geographies, particularly in apartment and other multifamily residential construction,” researchers note on the NAHB’s Eye on Housing blog.

Overall, about 67% of multifamily development occurred within large metro areas; 27% in small metro areas; and 6.1% in rural areas and small towns, according to the builder’s analysis. Small metro areas are those considered as having less than one million total population.

(Magazine.Realtor)