Leading apartment developers in the U.S. 2023

With 9,151 unit starts in 2023, Greystar was the leading apartment developer in the United States. This was just slightly higher than the number of units started by Mill Creek Residential, that ranked second. 

Helping to meet the housing demand in the U.S.

Unit starts – also known as housing starts – refer to the number of new residential construction projects on which ground has already been broken. In the United States, the number of multifamily housing starts, which includes the development of apartments, has been increasing in the last ten years. In comparison, the number of single-family housing starts in the United States was much higher at over a million units in 2022.

Apartment living increases in popularity

Alliance Residential is a real estate company that specializes in the development, construction, and management of multifamily residential properties. The number of completed multifamily housing units in the United States was around 274,000 in 2022, with apartment demand accounting for the greatest share of that figure. The average size of multifamily units in the United States was 1,046 square feet in 2021, a figure that has declined in recent years.