The missing middle construction sector comprises the development of medium-density housing, such as townhouses, duplexes, and other small multifamily buildings.
Since the Great Recession, the multifamily sector of the missing middle (apartments in 2- to 4-unit complexes) has performed poorly.
In the fourth quarter of 2023, just 4,000 2- to 4-unit dwelling units were under construction.
This is the same as it was last year.
Two to four-unit development accounted for slightly more than 4% of overall multifamily production in the fourth quarter.
In comparison, between 2000 and 2010, such home construction accounted for somewhat less than 11% of overall multifamily construction.
Construction of the missing middle has certainly slowed since the Great Recession, and it will continue to do so without zoning change focused on light-touch density.
(Source: Buildradicals.com)
