Home Builders in the US - Industry Market Research Report

Home Builders in the US - Industry Market Research Report

Home Builders in the US

Home builders construct single-family homes while also remodeling houses and other residential buildings. Low housing stock led to the development of new homes throughout the period. In 2020, amid the pandemic, inadequate housing and near-zero interest rates led to an uptick in construction, despite harsh economic conditions. Loans were easier to access, with mortgage rates reaching historic lows, allowing property developers to break ground on more residential projects. As the economy recovered, housing stock became fulfilled and interest rates rose again as the federal reserve continued to combat inflationary concerns. This led to a massive slowdown in construction at the period's end. Overall, industry revenue is set to increase at an annualized rate of 1.5% to $124.0 billion through 2023, including a 6.6% decline in 2023 alone.

Industry operators primarily construct single-family homes, in which units are separated by ground-to-roof walls with no other units above or below. The industry also encompasses the remodeling of houses and other residential buildings. Industry operators include general contractors, design-build companies and single-family construction management companies acting as general contractors and builders.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.