Affordable Housing Construction Sets New Mark
Date postedMarch 3, 2026
Affordable Housing Construction Sets New Mark
Affordable housing construction has continued to climb in recent years.
Affordable housing construction is hitting levels not seen in years. According to RentCafe, more than 91,000 affordable units were completed in 2024, the most in one year in the past 10.
Nearly 310,000 affordable apartments have been completed since 2020, and almost 14% of all the total units constructed in 2024 were income-restricted. Meanwhile, that share was under 9% 10 years ago.
Seattle and New York City led the way with more than 14,000 new affordable apartments between 2020-24. Austin, Texas, was third with 13,300 apartments. Minnesota's Twin Cities, Atlanta and Denver were the only other metros with at least 10,000 new affordable apartments.
San Antonio (222%), Phoenix (206%) and Charlotte (191%) had the highest percentage increase of affordable apartments during the five-year period.