Over 40% of new area homes are multifamily developments
November 13, 2024 - A recent Construction Coverage report found that multifamily developments account for 41.5% of all new homes in the Tampa-St. Petersburg-Clearwater metro area. The rate slightly surpasses the national average of 39.1%. The trade magazine’s researchers stated that multifamily homes encompass 30.3% of Tampa Bay’s housing stock.