Apartment & Condominium Construction in the US - Industry Market Research Report

For rent: Aging baby boomers will bolster demand for industry services

Apartment & Condominium Construction in the US

Companies in the Apartment and Condominium construction industry build new multifamily residential units, including apartment complexes, condominiums, townhouses and duplexes. Some companies offer construction management for projects. The drastic need for apartments has led to an increase in construction through 2023. Overall, revenue is set to grow at an annualized rate of 3.5% to $79.6 billion over the five years to 2023. This includes a 3.7% decline in 2023 as inflation slows construction activity.

This industry is composed of general contractors responsible for constructing new multifamily residential units, including high-rise apartments, townhouses, condominiums and medium-to-high density units (i.e. units not separated by a ground-to-roof wall). All of the complexes may be constructed for sale as condominiums or cooperatives, or used as rental apartments. This industry does not include speculative builders or contractors who build on their own account for sale.

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.