Despite concerns over growth within the US housing market , real estate economist Selma Hepp has denied that the nation is currently experiencing a housing bubble and predicted that the demand for housing will rise as the millennial generation begins to settle down . The construction of " multi ##family " apartment buildings is at a record high in one quarter of the US"s largest metropolitan areas and is four times higher than average in New York ; however , national single - family home construction has slowed and is currently proceeding at half its average pace .
Despite concerns over overbuilding within the US property market, real estate economist Selma Hepp has denied that the country is currently experiencing a housing bubble and maintains that the demand for housing will rise as the millennial generation begins to settle down. The construction of "multi family" apartment buildings is at a record high in one quarter of the US"s largest metropolitan areas and is four times higher than average in New York; however, national single-family home construction has slowed and is currently operating at half its average pace.