The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Population growth is likely to spur innovation in multifamily home building and flat manufacturing, propelling the market throughout the forecast period.

The global multifamily housing construction apartments market is expected to grow from $747.48 billion in 2022 to $821.07 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The global multifamily housing construction (apartments) market size is expected to reach $1,141.85 billion in 2027 at a CAGR of 8.6%.

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 Global Multifamily Housing Construction Apartments Market Segments Include:

• By Construction Activity: New Construction, Repair And Maintenance, Refurbishment And Demolition
• By Cost Type: Construction Materials, Construction Equipment, Construction Services
• By Application: Owned, Rental
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America is the largest region in the global multifamily housing construction apartments market in 2021.

Major Market Players in the multifamily housing construction apartments market include Continental Properties Company Inc., JPI Companies, The Michaels Organization LLC, Pinnacle Infratech, PulteGroup Inc., Richman Group, TRG Realty Company.

Sustainability is a prevalent trend in the multi-family house development sector. Companies in the multi-family house construction market are embracing new technology in order to maintain their market position. For example, Dahlin Group, a US-based engineering and construction firm, designed the Mod Hive small home prototype in December 2021 to assist address Salt Lake City’s affordable housing scarcity. The prototype can be used as a small cluster on a single lot or as part of a small, well-planned development consisting of multiple lots. Using an inward-looking site layout, this sustainable idea aims to create a little village with a community garden, outdoor gathering place, and firepit. It simulates the feel of a classic neighbourhood of two-story, single-family detached homes by adopting a lower-density arrangement at the front of the lot and a higher density at the back. This is an example of how to live a more sustainable lifestyle.

The Multifamily Housing Construction Apartments Global Market Report 2023  provides a multifamily housing construction apartments market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The multifamily housing construction apartments market forecast analyzes multifamily housing construction apartments market size, multifamily housing construction apartments market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Multi-family housing is a type of housing that comprises of several residential units in the same structure or complex. It is separated so that more than one family can live separately. They might be anything from a duplex to a modest house or an apartment building.

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