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