The US housing market rebounded in June, driven by a surge in multifamily construction. According to government data, new residential construction increased 4.6% to an annualized rate of 1.32 million homes, up from the May low of 1.25 million. This uptick suggests that apartment building is providing some relief for the sector, which has been weighed down by struggles with inventory and affordability issues.
Source: https://www.bloomberg.com/news/articles/2025-07-18/us-housing-starts-rebounded-in-june-on-apartment-construction