New Multifamily Housing Construction (except For-Sale Builders) Revenue Benchmarks

How much does the average new multifamily housing construction (except for-sale builders) business make? Here are revenue benchmarks based on Census Bureau data.

Average Revenue

$4.4M

per year

💰

Profit Margin

7.0%

industry average

📈

Revenue / Employee

$321K

per year

👤

Total Businesses

3,481

in the US

🏢

Est. Owner Income

$307K

small business avg

💵

Labor Cost

30.0%

of revenue

👥

Avg Employee Wage

$102K

per year (BLS)

💼

Market Saturation

1.1

firms per 100K people

🎯

💰 Average Revenue by Business Size

1-4 employees
$354K
5-9 employees
$1.5M
10-19 employees
$3.5M
20-99 employees
$12.4M
100-499 employees
$49.6M
500+ employees
$84.3M

🏆 Highest Revenue States

1.Massachusetts$13.7M avg2.Hawaii$7.8M avg3.Washington$7.6M avg4.Maryland$7.4M avg5.Alabama$7.2M avg6.New Hampshire$7.2M avg7.Minnesota$5.9M avg8.Indiana$5.1M avg9.Oregon$5.0M avg10.Nebraska$4.9M avg

📊 Industry Dynamics (Census BDS 2023)

New Business Rate

17.34%

openings/year

Closure Rate

14.46%

closings/year

Net Job Growth

+3.48%

annual

Businesses Closed

21,484

in 2023

Firm Count Trend

19
20
21
22
23
149,139 firms174,642 firms

💡 Should You Start a New Multifamily Housing Construction Business?

Startup Cost

$25K – $150K

Break-Even

3 months

5-Year Survival Rate

52.0%

🆚 Related Industries

Residential Remodelers$581KPlumbing, Heating, and Air-Conditioning Contractors$2.4MElectrical Contractors and Other Wiring Installation Contractors$2.7MNew Single-Family Housing Construction (except For-Sale Builders)$766KSite Preparation Contractors$2.5M

Compare New Multifamily Housing Construction (except For-Sale Builders) revenue with other industries:

vs Residentialvs Plumbing,vs Electrical