Multifamily Housing Green Buildings Market Share, Trends, Challenges, Growth Drivers And Report 2024-2033

The multifamily housing green buildings market size has grown rapidly in recent years. It will grow from $139.89 billion in 2023 to $167.67 billion in 2024 at a compound annual growth rate (CAGR) of 19.9%. The growth in the historic period can be attributed to environmental awareness, cost savings, tenant demand, building certifications.

The multifamily housing green buildings market size is expected to see rapid growth in the next few years. It will grow to $347.08 billion in 2028 at a compound annual growth rate (CAGR) of 19.9%. The growth in the forecast period can be attributed to sustainability and climate change, smart building technologies, net zero buildings, digital technologies. Major trends in the forecast period include renewable energy integration, smart building technology, sustainable materials, eco-landscaping.

Market Overview -
Multi-family residential green building is the process of building, altering, repairing, improving, or demolishing any multi-family housing structure that is built to be environmentally sustainable using a detailed design and plan.

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Rising Consumer Awareness Boosts Green Construction In Multifamily Housing Green Buildings Market
Customers are more informed of the benefits and cost savings in the long run of sustainable and net-zero homes. Homebuyers are now well informed and are acknowledging the reference to healthier homes, quality construction, and high performance. As per a report by the National Association of Home Builders (NAHB) authoritative, multi-family builders and remodelers said operating efficiency and long-term utility cost savings are the reasons customers are convinced to invest in green construction of homes. Therefore, customer awareness of factors such as environmental impacts, sustainability, and long-term cost savings is driving the growth of the multifamily housing green buildings market.

Competitive Landscape -
Major companies operating in the multifamily housing green buildings market include Turner Construction Co, Clark Group, AECOM, Swinerton, Hensel Phelps, Skanska, Lendlease, Holder Construction, Webcor, Walsh Group, Gilbane Building Co, Structure Tone, Whiting-Turner Contracting Co., Clayco, DPR Construction, PCL Construction Enterprises, Suffolk, Austin Industries, McCarthy Holdings, BL Harbert International, James G. Davis Construction, Hoffman Construction, Brasfield & Gorrie, David E. Harvey Builders, The Balfour Beatty US, Hathaway Dinwiddie Construction, Mortenson Construction, Sundt Construction, HITT Contracting, Power Construction, Gensler, Stantec, HOK, JE Dunn Construction, Suffolk Construction, The Whiting-Turner Contracting Co., McCarthy Building Companies Inc., Ryan Companies US Inc., The Beck Group, The Weitz Company, The Boldt Company, The Opus Group, The Korte Company

Collaborative Efforts For Sustainable Net-Zero Homes
Consumers and builders are working together to create more sustainable homes, with a focus on reducing carbon footprints by promoting self-sustaining homes, also known as Net-zero homes. A Net Zero home produces energy through various domestic renewable energy technologies such as solar panels, micro wind turbines, sinkholes, and compost gas for its energy requirements. It aims to produce at least as much energy as it consumes. Net zero home stock is projected to rise from 57,800 homes in 2019 to 534,500 homes in 2028. Around 36% of multi-family home builders are building their homes green. 80% of them are dedicated green home builders, with more than 90% of their projects green. Green builders are expected to grow to 47% by 2022 and are investing more in this segment. These statistics show us an increasing trend of net-zero homes in the residential construction market.

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Key Segments -
The multifamily housing green buildings market covered in this report is segmented -
1) By Type: New Construction, Remodelling
2) By Product: Interior Products, Exterior Products
3) By Construction Type: Full Green, Semi Green

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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