Multifamily Housing Construction in the US

Multi-family housing construction is supported by easing mortgage interest rate and also construction work in the region affected by Hurricane Katrina. With the strongest growth in the construction of lower density accommodation, comprising 2 to 4 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 and tourist/retirement regions, contractors with the capacity to read the building cycle turning points and position operations accordingly, contractors able to generate forward orders and pre-let existing projects, and contractors with linkages to financial institutions and adequate flow of funds.

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.