Global Single-Family Housing Construction (Individual Houses) Market Segments 2024, Forecast To 2033
5 Mar, 2024
The single-family housing construction market has grown, increasing from $794.32 billion in 2023 to $838.97 billion in 2024, with a CAGR of 5.6%. Growth is attributed to economic expansion, low mortgage rates, and government housing incentives. Anticipated growth projects the market size to reach $1056.11 billion in 2028, sustaining a CAGR of 5.9%. Key trends include wellness-focused design, outdoor living spaces, and technology-enhanced construction processes.
Global Single-Family Housing Construction (Individual Houses) Market Key Driver
The single-family housing construction market is thriving due to a rising demand for housing. Economic investment, shelter provision, and increased urbanization contribute to the growth. Census Bureau data for February 2023 revealed a 13.8% rise in privately-owned housing permits, indicating a robust demand for single-family housing construction. The escalating need for housing is a pivotal factor propelling the growth of the single-family housing construction market.
Get A Free Sample Of The Global Single-Family Housing Construction (Individual Houses) Market ReportGlobal Single-Family Housing Construction (Individual Houses) Market Segments
The single-family housing construction (individual houses) market covered in this report is segmented –
1) By Type: Permanent, Relocatable
2) By Material: Steel, Wood, Concrete, Other Materials
3) By Application: Residential, Commercial, Industrial
By Geography: The regions covered in the anti inflammatory therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe,North America, South America, Middle East, and Africa. Among these regions.
Asia-Pacificwas the largest region in the single-family housing construction (individual houses) market in 2023. Europe is expected to be the fastest-growing region in the single-family housing construction (individual houses) market report during the forecast period. The regions covered in the single-family housing construction (individual houses) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Single-Family Housing Construction (Individual Houses) Industry Players
Red Sea Housing Services Co.; Skanska AB; Bouygues Construction SA; ACS Group Inc.; Lindal Cedar Homes Inc.; Kiewit Corporation; Balfour Beatty plc; Taisei Corporation; System House R & Co. Ltd.; Larsen & Toubro Limited; Algeco Scotsman Inc.; Skyline Champion Corporation; Kirby Building Systems LLC; Butler Manufacturing Company; Astron Buildings SA; D.R. Horton Inc.; Lennar Corporation; PulteGroup Inc.; NVR Inc.; Taylor Morrison Home Corporation; Meritage Homes Corporation; KB Home Inc.; Clayton Properties Group Inc.; Toll Brothers Inc.; M/I Homes Inc.; Beazer Homes USA Inc.; Hovnanian Enterprises Inc.; LGI Homes Inc.; Century Communities Inc.; AV Homes Inc.; William Lyon Homes Inc.; Richmond American Homes of Maryland Inc.; Fischer Homes; Gehan Homes Ltd.
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AIOps Single-Family Housing Construction (Individual Houses) Market Overview
A single-family housing construction refers to a self-contained residential structure. These homes are intended to be utilized as single-family housing units, with a single owner, no shared walls, and having their own property.
Single-Family Housing Construction (Individual Houses) Global Market Report 2023 provides data on the global single-family housing construction (individual houses) market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors’ revenues, profiles and market shares. The single-family housing construction (individual houses) market report identifies opportunities and strategies based on market trends and leading competitors’ approaches.