News
October 30, 2025

Wyoming Lags in Multi-Family Housing Growth

Construction Owners Editorial Team

Wyoming continues to trail most of the country in developing new multi-family housing, according to a new analysis from Construction Coverage. As the U.S. grapples with a housing shortage of 3.7 million homes, states are being pushed to add density and affordability — and multi-family construction is emerging as a major focus on both sides of the political aisle.

Multi-family homes — including apartments, condos, and townhomes — provide faster, more cost-efficient ways to increase supply, especially in growing cities and workforce hubs. But in Wyoming, low-density development patterns still dominate.

Courtesy: Photo by  Kiefer Likens on Unsplash

Wyoming’s Multi-Family Construction by the Numbers

The study shows:

  • 23.6% of Wyoming’s newly authorized housing in 2024 was multi-family —
    making it the 12th lowest rate in the U.S.
  • Multi-family housing makes up only 18.6% of Wyoming’s existing housing stock
  • Just 503 new multi-family units were approved in 2024
    • 62 in two-unit structures
    • 83 in three-to-four-unit buildings
    • 358 in properties with five or more units
  • Single-family development continues to dominate with 1,632 new permits

These figures reflect ongoing demand for detached homes, larger lots and lower-density living — typical for Mountain West states with more open land and smaller urban cores.

National Trends Point to a Different Direction

  • 33.6% of new U.S. housing units in 2024 were multi-family
  • Nearly 496,100 multi-family building permits were issued nationwide
  • In states like New York, Connecticut, and Massachusetts, more than 60% of new housing is multi-family

Following decades of sluggish construction after the 2008 financial crisis, demand for apartments surged — especially as younger generations shifted toward cities. Multi-family construction jumped from 24.3% of new U.S. housing in 2009 to 41.1% in 2015 before stabilizing.

Why Wyoming Numbers Stay Low

Wyoming’s distinct development patterns are shaped by:

  • Lower population density
  • Fewer large metro areas
  • Abundant buildable land
  • Historically lower home prices than coastal markets

These factors reduce economic pressure to build upward instead of outward.

Courtesy: Photo by Mikael on Pexels

Rising Policy Interest

With affordability concerns mounting nationwide, federal and state leaders across the political spectrum are increasingly supporting higher-density development through:

  • Zoning reform
  • Incentives for multi-family construction
  • Infrastructure investment in growing communities

Even states with historically low multi-family representation — like Alaska and Montana — are seeing a surge in new dense housing permits.

Whether Wyoming will follow this trend remains uncertain, but advocates argue that more diverse housing stock will be needed to retain workers, support employers and ensure communities remain livable for future generations.

The full analysis, detailed methodology and comparisons by city and state are available in U.S. Cities Building the Most Multi-Family Housing from Construction Coverage.

Originally reported by Wyoming News Now.

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