Industry Description
This U.S. industry comprises general contractor establishments primarily responsible for the construction of new multifamily residential housing units (e.g., high-rise, garden, town house apartments, and condominiums where each unit is not separated from its neighbors by a ground-to-roof wall). Multifamily design-build firms and multifamily housing construction management firms acting as general contractors are included in this industry.
Cross-References. Establishments primarily engaged in--
Business Examples
Common types of business activities within NAICS 236116 - New Multifamily Housing Construction (except For-Sale Builders are:
- Apartment building construction general contractors
- Cooperative apartment, construction general contractors
- Duplex (i.e., one unit above the other), construction general contractors
- Home builders (except for-sale), multifamily
- Construction management, multifamily building
- High-rise apartment construction general contractors
- Garden apartment construction general contractors
- Residential construction, multifamily, general contractors
- Precut multifamily housing assembled on site by general contractors
- Custom builders (except for-sale), multifamily buildings
- Condominium, multifamily, construction general contractors
- Housing, multifamily, construction general contractors
- Multifamily building construction general contractors
- Panelized multifamily housing assembled on site by general contractors
- Low income housing, multifamily, construction general contractors
- Low-rise apartment construction general contractors
IBISWorld Industry Research Report
Apartment & Condominium Construction in the US (23611b)
Revenue 2025
$94.3bn
Growth 2025
0.17%
Key Trends
Increased investment in residential construction has fueled industry activity
As rental vacancy rates declined during the period, systemic demand for new apartments increased
The industry will likely continue to benefit from investments in higher-value, master-planned community developments and luxury apartments
Products and Services
Similar Industries
For some business types, there may be a similar industry to 236116 - New Multifamily Housing Construction (except For-Sale Builders that is a better classification match. Establishments primarily engaged in:
-
NAICS Cross Reference
Building multifamily buildings on their own account for sale as speculative builders or merchant builders--are classified in U.S. Industry 236117, New Housing For-Sale Builders;
IBISWorld industry research report
-
NAICS Cross Reference
Remodeling or repairing existing multifamily housing and other residential buildings--are classified in U.S. Industry 236118, Residential Remodelers;
IBISWorld industry research report
-
NAICS Cross Reference
Performing specialized construction work on multifamily housing and other residential buildings, generally on a subcontract basis--are classified in Subsector 238, Specialty Trade Contractors; and
IBISWorld industry research report
-
NAICS Cross Reference
Constructing and leasing residential buildings on their own account--are classified in Industry 531110, Lessors of Residential Buildings and Dwellings.
IBISWorld industry research report
NAICS Hierarchy 236116 - New Multifamily Housing Construction (except For-Sale Builders
NAICS Code 236116 - New Multifamily Housing Construction (except For-Sale Builders sits in the 2-digit New Multifamily Housing Construction (except For-Sale Builders sector. NAICS codes can be 2- to 6-digits and the further along the hierarchy, the more detailed and specific the category will be. Learn more about the structure of NAICS codes
2 Digits: 23
Sector Title: Construction
3 Digits 4 Digits 5 Digits 6 Digits
-
-
2361 Residential Building Construction
-
2362 Nonresidential Building Construction
-
23621 Industrial Building Construction
-
23622 Commercial and Institutional Building Construction
-
-
-
-
2371 Utility System Construction
-
23711 Water and Sewer Line and Related Structures Construction
-
23712 Oil and Gas Pipeline and Related Structures Construction
-
23713 Power and Communication Line and Related Structures Construction
-
-
2372 Land Subdivision
-
23721 Land Subdivision
-
-
2373 Highway, Street, and Bridge Construction
-
23731 Highway, Street, and Bridge Construction
-
-
2379 Other Heavy and Civil Engineering Construction
-
23799 Other Heavy and Civil Engineering Construction
-
-
-
-
2381 Foundation, Structure, and Building Exterior Contractors
-
23811 Poured Concrete Foundation and Structure Contractors
-
23812 Structural Steel and Precast Concrete Contractors
-
23813 Framing Contractors
-
23814 Masonry Contractors
-
23815 Glass and Glazing Contractors
-
23816 Roofing Contractors
-
23817 Siding Contractors
-
23819 Other Foundation, Structure, and Building Exterior Contractors
-
-
2382 Building Equipment Contractors
-
23821 Electrical Contractors and Other Wiring Installation Contractors
-
23822 Plumbing, Heating, and Air-Conditioning Contractors
-
23829 Other Building Equipment Contractors
-
-
2383 Building Finishing Contractors
-
23831 Drywall and Insulation Contractors
-
23832 Painting and Wall Covering Contractors
-
23833 Flooring Contractors
-
23834 Tile and Terrazzo Contractors
-
23835 Finish Carpentry Contractors
-
23839 Other Building Finishing Contractors
-
-
2389 Other Specialty Trade Contractors
-
23891 Site Preparation Contractors
-
23899 All Other Specialty Trade Contractors
-
-
NAICS Resources
Can't find the NAICS Code you are looking for? Full NAICS Code Directory
