PUBLISHER: The Business Research Company | PRODUCT CODE: 2002434
PUBLISHER: The Business Research Company | PRODUCT CODE: 2002434
Multi-family housing is a housing subcategory characterized by multiple dwelling units situated within the same building or complex, designed to accommodate separate families. This category encompasses a variety of housing structures, ranging from duplexes to small homes or apartment buildings. The distinctive feature of multi-family housing lies in its capacity to provide individual living spaces for more than one family within a shared structure, offering diverse options for residents seeking communal or closely connected living arrangements.
The primary construction activities in multifamily housing construction, specifically apartments, encompass new construction, repair and maintenance, refurbishment, and demolition. New construction involves the development of entirely new buildings that have not been previously occupied. The costs associated with constructing apartments encompass construction materials, construction equipment, and construction services. These costs are incurred for both owned and rental applications, reflecting the comprehensive nature of the construction process in creating new living spaces. Additionally, the construction activities extend to repair and maintenance, refurbishment, and, when necessary, demolition, contributing to the overall lifecycle and evolution of multifamily housing developments.
Note that the outlook for this market is being affected by rapid changes in trade relations and tariffs globally. The report will be updated prior to delivery to reflect the latest status, including revised forecasts and quantified impact analysis. The report's Recommendations and Conclusions sections will be updated to give strategies for entities dealing with the fast-moving international environment.
Tariffs on steel, lumber, cement, construction machinery, and imported building components have increased project costs and slowed construction timelines in the multifamily housing construction market. High-rise and modular apartment projects, particularly in regions dependent on imported materials such as North America and Europe, face heightened budget pressures and procurement delays. Rental-focused developments experience added financial strain due to tighter margins. However, tariffs are stimulating domestic production of building materials, encouraging regional prefabrication, and supporting innovation in cost-efficient construction practices.
The multifamily housing construction (apartments) market research report is one of a series of new reports from The Business Research Company that provides multifamily housing construction (apartments) market statistics, including multifamily housing construction (apartments) industry global market size, regional shares, competitors with a multifamily housing construction (apartments) market share, detailed multifamily housing construction (apartments) market segments, market trends, and opportunities, and any further data you may need to thrive in the multifamily housing construction (apartments) industry. This multifamily housing construction (apartments) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The multifamily housing construction (apartments) market size has grown strongly in recent years. It will grow from $918.51 billion in 2025 to $1002.55 billion in 2026 at a compound annual growth rate (CAGR) of 9.2%. The growth in the historic period can be attributed to growth in urban population density, rising demand for multi-unit housing, reliance on traditional construction methods, expansion of rental housing development, increasing need for cost-effective residential projects.
The multifamily housing construction (apartments) market size is expected to see rapid growth in the next few years. It will grow to $1507.46 billion in 2030 at a compound annual growth rate (CAGR) of 10.7%. The growth in the forecast period can be attributed to growing adoption of modular apartment construction, rising investment in affordable housing, expansion of high-rise residential developments, increasing emphasis on sustainable residential design, development of advanced building materials for multifamily projects. Major trends in the forecast period include rising demand for urban multi-unit residential projects, increasing adoption of modular and prefabricated apartment construction, growth in affordable housing and mid-rise developments, expansion of renovation, remodeling, and building upgrades, higher focus on space-efficient apartment layouts.
The growing desire for urban living is expected to drive the expansion of the multifamily housing construction (apartments) market. Urban living, characterized by a lifestyle associated with densely developed areas and increased access to amenities, services, and cultural opportunities, has become a preference for many. Multifamily housing construction, particularly apartments, offers efficient and compact residential solutions that cater to the demands of urban living. As indicated by data from the World Bank Group in April 2023, over half of the global population resides in urban regions, and this urban population is projected to increase to 6 billion by 2045, representing a 1.5 times surge. Hence, the growing desire for urban living serves as a driving force behind the multifamily housing construction (apartments) market.
Prominent companies in the multifamily housing construction, particularly in the apartments market, are directing their focus towards the development of advanced tools, such as carbon emissions calculators, to empower customers and secure a competitive advantage in the market. A carbon emissions calculator is a tool designed to compute and compare carbon emissions data, taking into account specific factors such as water and energy consumption. As an example, in November 2023, SilverDoor, a UK-based company specializing in serviced apartments, introduced a Carbon Calculator for the serviced apartment sector. This innovative tool enables users to calculate and compare carbon emissions data associated with their stays. The Carbon Calculator utilizes a proprietary methodology grounded in building-specific water and energy consumption to estimate per-night CO2 emissions for serviced apartment accommodations. The resulting emissions score is prominently displayed on property profiles within the SilverDoor platform, offering users a transparent comparison to equivalent hotel stays based on the Cornell Hotel Sustainability Benchmarking Index. This initiative underscores a commitment to environmental sustainability within the multifamily housing construction sector, emphasizing transparency and consumer empowerment through the use of advanced tools and data-driven insights.
In January 2023, Habyt, a technologically-empowered co-living operator based in Germany, successfully merged with Common, a U.S.-based coliving company specializing in the multi-family housing construction market. The undisclosed financial transaction led to the creation of the premier global co-living company, overseeing nearly 30,000 units comprising co-living spaces, studios, and standard rental apartments. The amalgamation of Habyt and Common positions the united company as a major player in the co-living sector, benefitting from their combined expertise and resources to offer a diverse range of housing solutions on a global scale.
Major companies operating in the multifamily housing construction (apartments) market are PulteGroup Inc., Turner Construction Company, AECOM Technology Corporation, Greystar Real Estate Partners LLC, Balfour Beatty US, The Whiting-Turner Contracting Company, Skanska USA Inc., Gilbane Building Company, Lendlease Corporation, The Michaels Organization LLC, Clark Construction Group LLC, Lincoln Property Company, JE Dunn Construction Company, Suffolk Construction Company Inc., Alliance Residential Company LLC, The Bozzuto Group, McCarthy Building Companies Inc., Swinerton Incorporated, Ryan Companies US Inc., The Weitz Company, Mortenson Construction, Wood Partners LLC, The Richman Group of Companies, Continental Properties Company Inc., Mill Creek Residential Trust LLC, JPI Companies, Brasfield & Gorrie LLC
North America was the largest region in the multifamily housing construction (apartments) market in 2025. Asia-Pacific is expected to be the fastest-growing region in the global multifamily housing construction market(apartments) report during the forecast period. The regions covered in the multifamily housing construction (apartments) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the multifamily housing construction (apartments) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The multifamily housing construction market(apartments) consists of sales of new duplexes, triplexes, quadplexes. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Multifamily Housing Construction (Apartments) Market Global Report 2026 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses multifamily housing construction (apartments) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for multifamily housing construction (apartments) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward, including technological disruption, regulatory shifts, and changing consumer preferences? The multifamily housing construction (apartments) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, total addressable market (TAM), market attractiveness score (MAS), competitive landscape, market shares, company scoring matrix, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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