Download the 2025 Multifamily Annual Report

Dec. 5, 2025

Welcome to Building Design+Construction’s third Multifamily Annual Report. Every year since 2023, the editors of BD+C have consulted with dozens of leading multifamily design and construction firms, industry economists, developers, and other market experts to publish this comprehensive report on emerging trends, innovations, opportunities, and obstacles in the $120 billion U.S. multifamily construction market. The 2025 Multifamily Annual Report includes four sections (six reports in all) that cover the top 10 trends in affordable housing, senior living, and student housing; the 2026 market outlook for the multifamily housing sector; 17 innovations from multifamily design and construction firms; and the latest planning strategies and design innovations related to multifamily amenities (in the form of an AIA continuing education course).

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

TABLE OF CONTENTS

MEET THE EXPERTS
The BD+C editors connected with more than 100 multifamily market experts for this special report. Meet our contributors and sponsors.

SECTION 1
2026 MULTIFAMILY HOUSING CONSTRUCTION OUTLOOK

Tracking the current and future states of the $120 billion multifamily construction market, including luxury and market-rate rental housing, for-sale housing, senior living, student housing, and affordable housing.

SECTION 2
MULTIFAMILY SUBSECTOR TRENDS

Top 10 Trends in the Affordable Housing Market
Top 10 Trends in the Student Housing Market
Top 10 Trends in the Senior Living Market

SECTION 3
INNOVATIONS ROUNDUP

2025: A Year of Innovation in the Multifamily Market
Leading multifamily firms share their top innovations for the year.

SECTION 4
CONTINUING EDUCATION

Beyond the Amenities War: What Moves the Needle in Multifamily Housing
Amenity strategies are no longer one-size-fits-all. From wellness suites to bike storage to EV charging stations, here’s what’s working across multifamily markets. This AIA-accredited course worth 1.0 AIA HSW.