multifamily

Definition

Referring to residential properties, such as apartment buildings, designed to house multiple separate households in one structure.

Etymology

The word is a combination of the Latin prefix 'multi-', meaning 'many,' and 'family.' It entered common usage in the mid-20th century to specifically categorize housing structures meant for several distinct families.

In the news

The article uses the term to differentiate the rental apartment sector from the new single-family home construction market, highlighting the latter as a major new growth area for CoStar.

CoStar completes $800M acquisition of Zonda

Virginia Business

Related words