Multifamily Housing Green Buildings Market: Major Trends Reshaping the Future of the Industry

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What Will the Multifamily Housing Green Buildings Industry Market Size Be by 2025?
Recent years have seen a quick expansion in the market size of multifamily housing green buildings. The market, which stood at $165.26 billion in 2024, is projected to rise to $197.34 billion in 2025, representing an impressive compound annual growth rate (CAGR) of 19.4%. Factors such as heightened environmental consciousness, cost-effectiveness, tenant demand, and building certifications are credited for this growth in the historical period.

What's the Long-Term Growth Forecast for the Multifamily Housing Green Buildings Market Size Through 2029?
In the coming years, a substantial increase is anticipated in the market size of green buildings for multifamily housing. It is projected to reach $414.67 billion in 2029, with a compound annual growth rate (CAGR) of 20.4%. Factors contributing to this expansion during the forecast period include climate change and sustainability, advancements in smart building technologies, net zero buildings, and digital technologies. The forecast period is also expected to see key trends such as the incorporation of renewable energy, development of smart building technology, utilization of sustainable materials, and eco-landscaping.

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What Are the Key Growth Drivers Fueling the Multifamily Housing Green Buildings Market Expansion?
There is a rising awareness among customers of the long-term benefits and cost efficiencies of sustainable and carbon-neutral homes. Today's homebuyers are knowledgeable and are noting the emphasis on healthier living environments, superior build quality, and enhanced performance. According to data from the National Association of Home Builders (NAHB), multifamily home builders and renovators see operational efficiency and sustainable utility cost savings as key appeals for customers contemplating investing in green home construction. Hence, customer awareness regarding aspects such as environmental implications, sustainability, and long-term cost-effectiveness is spurring the expansion of the green building sector in the multifamily housing market.

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What Are the Key Trends Driving Multifamily Housing Green Buildings Market Growth?
Homebuilders and consumers are increasingly collaborating to develop more eco-friendly homes, concentrating on lessening carbon emissions by advocating for self-reliant homes, commonly referred to as Net-zero homes. A Net Zero home generates its own power through numerous domestic renewable energy technologies like solar panels, micro wind turbines, sinkholes, and compost gas. The goal is for the house to generate at least the same amount of energy it uses. The inventory of net zero homes is expected to increase by 534,500 homes by 2028. Approximately 36% of multi-family home builders construct their homes with a green approach. Out of these, 80% are committed green home builders, with over 90% of their projects being environmentally friendly. The prevalence of green builders is projected to rise to 47% in 2022, with more investments being made. These figures suggest an upward trend in net-zero homes in the residential building market.

How Is the Multifamily Housing Green Buildings Market Segmented?
The multifamily housing green buildings market covered in this report is segmented -

1) By Type: New Construction, Remodeling
2) By Product: Interior Products, Exterior Products
3) By Construction Type: Full Green, Semi Green

Subsegments:
1) By New Construction: Residential Buildings, Commercial Buildings
2) By Remodelling: Retrofit Projects, Renovation Projects

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Which Companies Are Leading the Charge in Multifamily Housing Green Buildings Market Innovation?
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

Which Regions Are Leading the Global Multifamily Housing Green Buildings Market in Revenue?
Asia-Pacific was the largest region in the multifamily housing green buildings market in 2023. Eastern Europe is expected to be the fastest-growing region in the multifamily housing green buildings market during the forecast period. The regions covered in the multifamily housing green buildings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

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