MICRO GOES MAINSTREAM
StorageCafe recently analyzed the 100 most populous U.S. cities using 2023 census data and 2025 rental stock information from Yardi Matrix to determine which markets have the highest percentage of undersized rental units—that is, rentals smaller than half the average unit size for their state.
West Coast cities are leading the charge. San Francisco comes out on top, with approximately 15% of its rental inventory classified as “micro” units under 441 square feet—some as small as 124 square feet. Seattle ranks high as well, with micro units accounting for 12% of its current total stock and a striking 66% of its new developments. Other top markets for new micro-unit development include Boston (56.2%), Newark (49.8%), New York City (43.3%), Reno (40.5%), Portland (19.3%), San Diego (21.2%), Minneapolis (20.3%) and Honolulu (11.6%).
Overall, micro‑housing is on the rise and gaining mainstream acceptance. Driven by zoning reforms in several cities alongside skyrocketing rent costs, micro-living offers cost-effective, compact options for young professionals, retirees and single-person households.
COPPER CRUNCH
Copper prices have recently soared to record highs due to President Trump’s proposed 50% tariff on the metal—an announcement with major implications for the construction industry. Copper, essential to wiring, plumbing, HVAC systems and other core building components, surged 13% at one point, marking the largest single-day price jump since 1968. Futures climbed over 9.5%, reaching $5.51 per pound.
The proposed tariff threatens to significantly raise material costs for builders, especially as the U.S. relies heavily on copper imports—about 810,000 tons in 2024—despite strong domestic production. Most imports come from Chile, Canada and Mexico, key trade partners now facing potential disruption. The industry has long depended on stable supply chains, which could be upended by this policy shift. For contractors and developers already grappling with inflation and labor shortages, higher copper prices could delay projects, shrink margins and stall growth across commercial and residential sectors.
