Apartments are a more popular rental type than single-family homes. Single-family homes made up 31% of rentals, their lowest share on record. Construction of multifamily housing and single-family homes has been on the rise following the Great Recession, but multifamily construction has grown at a faster rate, Redfin said. Multifamily construction starts were up in 2025, which contributed to falling rents and rising concessions. Earlier this month, President Donald Trump issued an executive order limiting institutional investors from buying single-family homes, though it contained a carve-out for master-planned build-to-rent properties.