New Multifamily Housing Construction (except For-Sale Builders)

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.

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; Remodeling or repairing existing multifamily housing and other residential buildings--are classified in U.S. Industry 236118, Residential Remodelers; Performing specialized construction work on multifamily housing and other residential buildings, generally on a subcontract basis--are classified in Subsector 238, Specialty Trade Contractors; Manufacturing prefabricated residential buildings and assembling/erecting them at the customers' site--are classified in Sector 31-33, Manufacturing, based on the primary material (wood, plastic, or metal); and Constructing and leasing residential buildings on their own account--are classified in Industry 531110, Lessors of Residential Buildings and Dwellings.