Residential Construction in North America
Summary
Residential Construction in North America industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2018-23, and forecast to 2028). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- Residential construction refers to the process of building structures primarily intended for people to live in.
- The North American residential construction market recorded total revenues of $1,214.5 billion in 2023, representing a compound annual growth rate (CAGR) of 6.9% between 2018 and 2023.
- The new construction segment accounted for the market's largest proportion in 2023, with total revenues of $640.2 billion, equivalent to 52.7% of the market's overall value.
- In 2023, the US residential construction market accounted for 83.7% of the total value of the North American residential construction market, followed by Canada at 12.1% and Mexico at 4.3%.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the residential construction market in North America
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the residential construction market in North America
- Leading company profiles reveal details of key residential construction market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the North America residential construction market with five year forecasts by both value and volume
- What was the size of the North America residential construction market by value in 2023?
- What will be the size of the North America residential construction market in 2028?
- What factors are affecting the strength of competition in the North America residential construction market?
- How has the market performed over the last five years?
- Who are the top competitors in North America's residential construction market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market rivalry
- 1.6. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Who are the leading players?
- 7.2. What government initiatives are currently affecting the industry?
- 7.3. How have leading players been incorporating new technology into their business strategies?
- 7.4. What are the recent developments in the market?
- 8 Company Profiles
- 8.1. D.R. Horton Inc
- 8.2. Lennar Corp
- 8.3. Bird Construction Inc
- 8.4. Empresas ICA SAB de CV
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: North America residential construction sector value: $ million, 2018-23
- Table 2: North America residential construction sector category segmentation: % share, by value, 2018-2023
- Table 3: North America residential construction sector category segmentation: $ million, 2018-2023
- Table 4: North America residential construction sector geography segmentation: $ million, 2023
- Table 5: North America residential construction sector value forecast: $ million, 2023-28
- Table 6: D.R. Horton Inc: key facts
- Table 7: D.R. Horton Inc: Annual Financial Ratios
- Table 8: D.R. Horton Inc: Key Employees
- Table 9: Lennar Corp: key facts
- Table 10: Lennar Corp: Annual Financial Ratios
- Table 11: Lennar Corp: Key Employees
- Table 12: Lennar Corp: Key Employees Continued
- Table 13: Bird Construction Inc: key facts
- Table 14: Bird Construction Inc: Annual Financial Ratios
- Table 15: Bird Construction Inc: Key Employees
- Table 16: Bird Construction Inc: Key Employees Continued
- Table 17: Empresas ICA SAB de CV: key facts
- Table 18: Empresas ICA SAB de CV: Annual Financial Ratios
- Table 19: Empresas ICA SAB de CV: Key Employees
- Table 20: North America exchange rate, 2019-23
- List of Figures
- Figure 1: North America residential construction sector value: $ million, 2018-23
- Figure 2: North America residential construction sector category segmentation: $ million, 2018-2023
- Figure 3: North America residential construction sector geography segmentation: % share, by value, 2023
- Figure 4: North America residential construction sector value forecast: $ million, 2023-28
- Figure 5: Forces driving competition in the residential construction sector in North America, 2023
- Figure 6: Drivers of buyer power in the residential construction sector in North America, 2023
- Figure 7: Drivers of supplier power in the residential construction sector in North America, 2023
- Figure 8: Factors influencing the likelihood of new entrants in the residential construction sector in North America, 2023
- Figure 9: Factors influencing the threat of substitutes in the residential construction sector in North America, 2023
- Figure 10: Drivers of degree of rivalry in the residential construction sector in North America, 2023
Research Assistance
Download our eBook: How to Succeed Using Market Research
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook