The global multi-family housing green buildings market expects major growth.
A growth of about $2 billion is expected in the multi-family green buildings market in 2021. According to Business Wire, the global multi-family housing green buildings market is expected grow from $40.93 billion in 2020 to $42.71 billion in 2021 at a compound annual growth rate (CAGR) of 4.3%. The market is expected to reach $55.54 billion in 2025 at a CAGR of 7%. 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 reason customers are convinced to invest in green construction of homes. Therefore, customer awareness on factors such as environmental impacts, sustainability, and long-term cost savings is driving the growth of the Multi-family residential green building market.