Residential Construction Market In US 2024-2028
The residential construction market in US is forecasted to grow by USD 231.92 bn during 2023-2028, accelerating at a CAGR of 4.45% during the forecast period. The report on the residential construction market in US provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing household formation rates, favorable government policies and incentives for real estate, and rising economic growth and rising disposable income in US.
Technavio's residential construction market in US is segmented as below:
By Product
- Apartments and condominiums
- Villas
- Other types
By Type
- New construction
- Renovation
By Application
- Single family
- Multi-family
This study identifies the rising focus on sustainability in residential construction projects as one of the prime reasons driving the residential construction market in US growth during the next few years. Also, integration technology in building modeling and an increase in the rate of urbanization and population growth will lead to sizable demand in the market.
The report on the residential construction market in US covers the following areas:
- Residential construction market in US sizing
- Residential construction market in US forecast
- Residential construction market in US industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading residential construction market in US vendors that include Alliance Residential Co., ATCO Ltd., BEAZER HOMES USA INC., D. R. Hortons Inc., DRB Homes, Greystar Worldwide LLC, Hensel Phelps, HOCHTIEF AG, Hovnanian Enterprises, KAUFMAN and BROAD, Kiewit Corp., Lennar Corp., M/I Homes Inc., Meritage Homes Corp., Mill Creek Residential, NVR Inc., Pultegroup Inc., Taylor Morrison Inc., and TOLL BROTHERS INC. Also, the residential construction market in US analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.