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Apartment Building Cost Per Square Foot: $180-$400/SF in 2026

Apartment building cost per square foot runs $180 to $400 in 2026. Garden, mid-rise, and podium $/SF broken down by construction type and building component.

Mike Callahan · 2026-08-06

Key Metrics

Housing starts

1.42M

SAAR
↑ +3.2%Mar 2026

Seasonally adjusted annual rate. Tracks new residential construction projects broken ground.

Permits: 1.46M↓-1.1%Completions: 1.52M↑+2.0%

Building permits

1.46M

SAAR
↓ -1.1%Mar 2026

Leading indicator for future construction activity. Permits lead starts by 1-2 months.

Starts: 1.42M↑+3.2%

Median home price

$412,300

↑ +4.8%Q1 2026

National median existing-home sale price. Driven by inventory constraints and mortgage rates.

30-yr mortgage

6.82%

↑ +0.15%This week

Freddie Mac weekly average. Directly affects housing affordability and new construction demand.

Remodeling spend

$427B

↑ +2.1%2025 annual

Housing Starts Trend (SAAR, millions)

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