New Multifamily Housing Construction Industry - Market Size, Trends, and Growth - 2025-2030
Industry Overview
This U.S. industry comprises general contractor establishments primarily responsible for the construction of new multifamily residential housing units (e.g., high-rise, garden, town house apartments, and condominiums where each unit is not separated from its neighbors by a ground-to-roof wall). Multifamily design-build firms and multifamily housing construction management firms acting as general contractors are included in this industry.
Source: U.S. Census BureauMarket Size and Industry Forecast
This research report analyzes the market size and trends in the New Multifamily Housing Construction industry. It shows overall market size from 2020 to the present, and predicts industry growth through 2030. Revenues data include both public and private companies.
| Historical | Forecasted |
|---|
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|
| Market Size (Total Revenue) | Included in Report |
| % Growth Rate |
| Number of Companies |
| Total Employees |
| Average Revenue per Company |
| Average Employees per Company |
Source: U.S. government financial dataIndustry Revenue ($ Billions)
Industry Forecast ($ Billions)
Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.
Geographic Breakdown by U.S. State
Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for New Multifamily Housing Construction companies in the United States.
New Multifamily Housing Construction Revenue by State
Distribution by Company Size
| Company Size | All Industries | New Multifamily Housing Construction |
|---|
| Small Business (< 5 Employees) | Included |
| Small Business (5 - 20) |
| Midsized Business (20 - 100) |
| Large Business (100 - 500) |
| Enterprise (> 500) |
New Multifamily Housing Construction Industry Income Statement (Average Financial Metrics)
Financial statement analysis determines averages for the following industry forces:
- Cost of goods sold
- Compensation of officers
- Salaries and wages
- Employee benefit programs
- Rent paid
- Advertising and marketing budgets
The report includes a traditional income statement from an "average" company (both public and private companies are included).
| Industry Average | Percent of Sales |
|---|
| Total Revenue | Included |
| Operating Revenue |
| Cost of Goods Sold (COGS) |
| Gross Profit |
| Operating Expenses |
| Operating Income |
| Non-Operating Income |
| Earnings Before Interest and Taxes (EBIT) |
| Interest Expense |
| Earnings Before Taxes |
| Income Tax |
| Net Profit |
Average Income Statement
Cost of Goods Sold
Salaries, Wages, and Benefits
Rent
Advertising
Depreciation and Amortization
Officer Compensation
Net Income
Financial Ratio Analysis
Financial ratios allow a company's performance to be compared against that of its peers.
| Financial Ratio | Industry Average |
|---|
| Profitability Ratios | Included |
| Profit Margin |
| ROE |
| ROA |
| Liquidity Ratios |
| Current Ratio |
| Quick Ratio |
| Activity Ratios |
| Average Collection Period |
| Asset Turnover Ratio |
| Receivables Turnover Ratio |
| Inventory Conversion Ratio |
Salary information for employees working in the New Multifamily Housing Construction industry.
| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|
| Management Occupations | 10% | Included |
| Chief Executives | 0% |
| General and Operations Managers | 3% |
| Other Management Occupations | 6% |
| Construction Managers | 6% |
| Construction Managers | 6% |
| Office and Administrative Support Occupations | 13% |
| Construction and Extraction Occupations | 63% |
| Supervisors of Construction and Extraction Workers | 9% |
| First-Line Supervisors of Construction Trades and Extraction Workers | 9% |
| First-Line Supervisors of Construction Trades and Extraction Workers | 9% |
| Construction Trades Workers | 52% |
| Carpenters | 28% |
| Carpenters | 28% |
| Construction Laborers | 16% |
| Construction Laborers | 16% |
Government Contracts
The federal government spent an annual total of
$59,953,762 on the new multifamily housing construction industry. It has awarded 39 contracts to 16 companies, with an average value of $3,747,110 per company.
Top Companies in New Multifamily Housing Construction and Adjacent Industries
| Company | Address | Revenue
($ Millions) |
|---|
Included |
