Multifamily Pro+

New download: BD+C's 2024 Multifamily Annual Report

This 60-page special report from the editors of Building Design+Construction and Multifamily Pro+ provides a “state of the state” update on the $130 billion multifamily housing construction sector.
Nov. 13, 2024
5 min read

Welcome to Building Design+Construction and Multifamily Pro+’s second Multifamily Annual Report. This 60-page special report is our latest “state of the state” update on the $130 billion multifamily housing construction sector.

In this report, the editors highlight our top-10 trends in three multifamily subsectors; provide a 2025 outlook for this crucial building sector; present a roundup of our favorite market innovations for 2024; and outline emerging trends in exterior design for multifamily buildings. Enjoy!

- David Barista, Editorial Director
- Robert Cassidy, Executive Editor 
- John Caulfield, Senior Editor               
- Quinn Purcell, Managing Editor
- Novid Parsi, Contributing Editor
- Robyn Feller, Contributing Editor

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TABLE OF CONTENTS

SECTION 1
2025 MULTIFAMILY CONSTRUCTION OUTLOOK
Tracking the current and future states of the $130 billion multifamily construction market, including rental housing, for-sale housing, senior living, and student housing.

SECTION 2
MULTIFAMILY SUBSECTOR TRENDS
Top 10 Trends in the Luxury Housing Market
Top 10 Trends in the Mixed-use Multifamily Housing Market
Top 10 Trends in the Assisted Living and Memory Care Facilities Market

SECTION 3
INNOVATIONS ROUNDUP
2024: A Year of Innovation in the Multifamily Market
We present a roundup of our favorite multifamily market innovations for 2024.

SECTION 4
CONTINUING EDUCATION
Advanced Strategies for Building Envelope Design and Construction
This AIA-accredited course worth 1.0 AIA HSW covers building science topics related to building envelope design and construction in multifamily housing, including continuous insulation, airtightness, moisture control, acoustics, occupant comfort, daylighting, energy performance, and sustainability.

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MEET THE EXPERTS 
The BD+C and Multifamily Pro+ editorial team connected with 72 multifamily market experts for this special report. Big thanks to the following people and firms. 

Frank André, AIA, LEED AP, Principal, Hord Coplan Macht

Stuart Barber, AIA, LEED AP, NCARB, Principal, Senior Living Segment Leader, McMillan Pazdan Smith

Brandon Bell, AIA, Principal, Residential Practice Leader, Gresham Smith

Pieter Berger, Principal, MVE + Partners

Joe Bonora, President, Catalyst Asset Management

Christopher Bruen, Economist, Senior Director, Research, National Multifamily Housing Council

Alysha Buck, AIA, Associate Principal, Cooper Carry

Alexis Burck, AIA, NCARB, Senior Principal, Senior Living Studio Leader, SmithGroup

R. Darby Curtis, AIA, Managing Partner, Curtis + Ginsberg Architects

Hillary DeGroff, IIDA, LEED AP ID+C, Principal, Studio Practice Leader, Senior Living, HKS

Andrea DelGuidice, Associate Principal, Unit Manager, Wiss, Janney, Elstner Associates

Lesley Deutsch, Managing Principal, Consulting, John Burns Research and Consulting

Robert Dietz, Chief Economist, National Association of Home Builders

Brad Dillman, Chief Economist, RPM Living

Mitch Elliott, AIA, Principal, Senior Living Market Leader, RDG Planning & Design

Kelly Farrell, Principal, Residential Global Practice Area Leader, Gensler

John Finn, LEED AP BD+C, Chief Operating Officer, W.E. O’Neil Construction

Patrick Fleming, Vice President–Commercial Group Manager, JE Dunn Construction

Sean Flynn, Partner, Curtis + Ginsberg Architects

Robert Fuller, Principal, Residential Global Practice Area Leader, Gensler

Ali Gagliardo, RID, MBA, IIDA, Associate Principal, Cooper Carry

Jason Ganister, PE, SE, Associate, O’Donnell + Naccarato

Andrew Geier, Vice President, Layton Construction, STO Building Group

Mark Ginsberg, FAIA, LEED AP, Partner, Curtis + Ginsberg Architects

Greg Gouldin, LEED AP, Vice President, Client Account Manager, Erickson Senior Living, Salas O’Brien

Jigna Hammers, Architectural Designer, SmithGroup

Jennifer Harpe, NCIDQ, CID, Principal, Hord Coplan Macht

Andy Heinen, PE, Vice President, Kimley-Horn

Brooks Howell, Principal, Senior Living Global Practice Area Leader, Gensler

Kaitlynn Howell, NCIDQ, IIDA, Senior Designer, Chipman Design Architecture

Charles Kensky, PE, LEED AP BD+C, Life Care Market Leader, Bala Consulting Engineers

Isaac Kontorovsky, Principal, BKF Engineers

Pablo La Roche, Principal, Arcadis North America

Jennifer Levins, Senior Consultant, Acentech

Chris Lewis, Project Executive, Suffolk Construction

Nick Luettke, Associate Economist, Moody’s Analytics

David Mammina, AIA, Deputy Market Director of Real Estate, H2M architects + engineers

Jeff Mock, CGC, Vice President, Clancy & Theys Construction

Paula Munger, Vice President, Research, National Apartment Association

Crystal Ng, Director of Sustainability, Curtis + Ginsberg Architects

Patrick Otellini, National Affordable Housing Director, Swinerton

Nick Ozog, Associate Principal, Wiss, Janney, Elstner Associates

Nicholas Pantuliano, COO, Chief Development Officer, PTM Partners

Daniel Piselli, AIA, LEED AP, CPHD, Principal, Director of Sustainability, FXCollaborative

Ray Pradinuk, Principal, Architect, Stantec

Kevin Ratner, Co-founder, Managing Partner, The Max Collaborative

Mily Repiso, EMBA, Lead Strategist, Lawson Group Architects

Doug Ressler, Manager, Business Intelligence, Yardi Matrix

Monica Robertson, AIA, LEED AP BD+C, CGP, Principal, Hord Coplan Macht

Gail Ruggles, Executive Vice President–Operations, Bainbridge Companies

Brooks Rutledge, Vice President, Layton Construction, STO Building Group

Andrew Schwartz, Senior Vice President–Residential Asset Management, Taconic Partners

John Shoesmith, FAIA, NCARB, EDAC, LEED AP, Principal, Perkins Eastman

Tom Silva, Project Director–Design, Webcor

Toby Snyder, AIA, LEED, Senior Associate, FXCollaborative

Meg Stevens, LEED AP, SAGE, Senior Design Manager, Chipman Design Architecture

Roy Stillman, President, Stillman Development Intl.

Brian Strawberry, Chief Economist, FMI

Caitlin Sugrue Walter, Senior Vice President of Research, National Multifamily Housing Council

Julie Szabo, Associate Principal, Wiss, Janney, Elstner Associates

Chris Teigen, AIA, NCARB, Vice President of Architecture, Senior Living, Ryan Companies

Bob Thollander, President of Development, Bainbridge Companies

Matthew Vance, Vice President–Americas, Head of Multifamily Research, Senior Economist, CBRE

Jason Vesuvio, Vice President, Pavarini McGovern, STO Building Group

Kurt Volkman, AIA, LEED AP BD+C, Associate Principal, Sector Leader, HED

Brian Ward, AIA, LEED AP, Director of Design, Niles Bolton

Maggie Ward, AIA, Associate Principal, Cooper Carry

Bill Warwick, AIA, Principal, BartonPartners

Douglas Webster, AIA, NCARB, Fitwel Amb., Associate Principal, Director of Design, Cooper Carry

Daniel Wiggans, PE, Project Manager, Multifamily Market Sector Leader, Bala Consulting Engineers

Erica Zoren, AIA, NCARB, LEED Green Associate, Associate Principal, Hord Coplan Macht

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