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Viewing report
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Multi Family Housing Construction in the US
IBISWorld, July 2009, Pages: 44
This industry comprises establishments primarily responsible for the entire construction (i.e. new work, additions, alterations, and repairs) of multifamily residential housing units (e.g. high-rise, garden, and town house apartments where each unit is not separated by a ground-to-roof wall). The units may be constructed for sale as condominiums or cooperatives, or for rental as apartments. Establishments identified as multifamily construction management firms are also included in this industry. Establishments in this industry may perform work for others or on their own account for sale as speculative or operative builders. Kinds of establishments include multifamily housing general contractors, design builders, engineer-constructors, joint-venture contractors, and turnkey contractors. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Introduction
Full house
Multi family housing construction is supported by easing mortgage interest rates and construction work in the region affected by Hurricane Katrina. The strongest growth has occurred in the construction of lower density accommodation, comprising two to four housing units, and in higher value inner urban apartments and condominiums. Benefits will flow to contractors and property developers operating close to the higher density population areas in the future.
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