Download the 2023 Multifamily Annual Report

Welcome to Building Design+Construction and Multifamily Pro+’s first Multifamily Annual Report. This 76-page special report is our first-ever “state of the state” update on the $110 billion multifamily housing construction sector.

In this special report, the editors highlight our top-10 trends in each multifamily subsector; present the findings of our exclusive Kitchen and Bath Research Survey and our fourth Multifamily Amenities Survey; provide a 2024 outlook for this crucial building sector; present a roundup of our favorite market innovations for 2023; and outline emerging trends in exterior design and products/systems selection in an AIA-accredited course. 

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TABLE OF CONTENTS - 2023 MULTIFAMILY ANNUAL REPORT

MEET OUR EXPERTS   
The BD+C and Multifamily Pro+ editors connected with dozens of multifamily market experts for this special report. Meet our contributors and sponsors.  

CHAPTER 1 - MARKET FORECAST    
2024 Multifamily Construction Outlook  Tracking the current and future states of the multifamily markets: apartments, senior living facilities, student housing.  

CHAPTER 2 - MULTIFAMILY SUBSECTOR TRENDS  
Top 10 Trends in the Multifamily Rental Market     
Chronic housing shortages raise value for market-rate multifamily products. But affordable supply still falls way short of demand.  

Top 10 Trends in the Student Housing Market     
As enrollment increases, demand for student housing surges. But rising construction costs could dampen projects.    

Top 10 Trends in the Senior Living Market     
The 65+ population is growing faster than any other age group. AEC firms are coming up with solutions to serve this burgeoning cohort.   

Top 10 Trends in the Affordable Housing Market      
Among affordable housing developers today, there’s one commonality tying projects together: uncertainty.       

CHAPTER 3 - EXCLUSIVE RESEARCH  
Kitchen and Bathroom Amenities      
Our inaugural K+B survey dives deep into the 106 amenities and finishes multifamily developers and their project teams are using.     

4th Multifamily Amenities Survey      
Our fourth Multifamily Amenities Survey reveals that multifamily teams are going beyond the usual offerings. How about a salt room?           

CHAPTER 4 - INNOVATIONS ROUNDUP  
2023: A Year of Innovation in the Multifamily Market      
Here is a roundup of our favorite multifamily innovations for 2023.           

CHAPTER 5 - CONTINUING EDUCATION  
Product Innovations Boost Design and Construction Success          
This AIA-accredited course worth 1.0 AIA HSW covers emerging trends in exterior design and products/systems selection.