Multifamily Housing Construction (Apartments) Market Report 2026

Multifamily Housing Construction (Apartments) Market Overview

• Multifamily Housing Construction (Apartments) market size has reached to $918.51 billion in 2025 • Expected to grow to $1507.46 billion in 2030 at a compound annual growth rate (CAGR) of 10.7% • Growth Driver: Desire For Urban Living Is Anticipated To Fuel The Multifamily Housing Construction (Apartments) Market • Market Trend: Advanced Tool To Empower Customers • North America was the largest region and fastest growing region.

What Is Covered Under Multifamily Housing Construction (Apartments) Market?

Multi-family housing is the subcategory of housing that consists of many dwelling units inside the same building or in a complex. It is divided to accommodate more than one family living separately. They can range from a duplex to small homes or apartment buildings. The main construction activities of multifamily housing construction (apartments) are new construction, repair and maintenance, refurbishment and demolition. New construction describes buildings that are completely new and have never been occupied. The cost for constructing apartments including construction materials, construction equipment, and construction services. This are for owned and rental applications.

What Is The Multifamily Housing Construction (Apartments) Market Growth Forecast?

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.

Global Multifamily Housing Construction (Apartments) Market Segmentation

1) By Construction Activity: New Construction, Repair And Maintenance, Refurbishment And Demolition 2) By Cost Type: Construction Materials, Construction Equipment, Construction Services 3) By Application: Owned, Rental Subsegments: 1) By New Construction: Ground-Up Construction, Modular Construction, High-Rise Apartments, Low-Rise Apartments 2) By Repair and Maintenance: Routine Maintenance, Emergency Repairs, Preventive Maintenance 3) By Refurbishment and Demolition: Renovation and Remodeling, Structural Upgrades, Demolition of Existing Structures, Site Preparation for New Development

What Is The Driver Of The Multifamily Housing Construction (Apartments) Market?

The desire for urban living is expected to propel the growth of the multifamily housing construction (apartments) market going forward. Urban living refers to the lifestyle and characteristics associated with residing in densely developed areas, typically marked by increased access to amenities, services, and cultural opportunities. Multifamily housing construction, such as apartments, provides efficient and compact residential solutions for the needs of urban living. For instance, in April 2023, according to the World Bank Group, a US-based bank, there are more than half of the global population resides in urban regions. This urban population is projected to surge to 6 billion by 2045, marking a 1.5 times increase. Therefore, the desire for urban living is driving the multifamily housing construction (apartments) industry.

Key Players In The Global Multifamily Housing Construction (Apartments) Market

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

Global Multifamily Housing Construction (Apartments) Market Trends and Insights

Major companies in the multifamily housing construction (apartments) market are focused on developing advanced tools, such as carbon emissions calculators, to empower customers and gain a competitive edge in the market. Carbon emissions Calculator is a tool that calculates and compares carbon emissions data based on specific factors such as water and energy consumption. For instance, in November 2023, SilverDoor, a UK-based company that specializes in the provision of serviced apartments, launched Carbon Calculator for the serviced apartment sector, allowing users to calculate and compare carbon emissions data. The tool uses a proprietary methodology based on building-specific water and energy consumption to estimate per-night CO2 emissions for stays in serviced apartments. The emissions score is displayed on property profiles in the SilverDoor platform and is compared to an equivalent hotel stay based on the Cornell Hotel Sustainability Benchmarking Index.

What Are Latest Mergers And Acquisitions In The Multifamily Housing Construction (Apartments) Market?

In January 2023, Habyt, a Germany-based technologically-empowered co-living operator company, merged with Common for an undisclosed amount. This merger will establish the top global co-living company, almost 30,000 units, including co-living, studios, and standard rental apartments, will be run by the united company. Common is a US-based coliving company operating in the multi-family housing construction market.

Regional Insights

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 this market report are Asia-Pacific, South East Asia, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in this market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Taiwan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

What Defines the Multifamily Housing Construction (Apartments) Market?

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.

How is Market Value Defined and Measured?

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.

What Key Data and Analysis Are Included in theMultifamily Housing Construction (Apartments) Market Report 2026?

The multifamily housing construction (apartments) market research report is one of a series of new reports from The Business Research Company that provides market statistics, including industry global market size, regional shares, competitors with the market share, detailed market segments, market trends and opportunities, and any further data you may need to thrive in the multifamily housing construction (apartments) industry. The market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.