Press release
Global Affordable Housing Market 2023 Opportunity Assessment, Share Analysis, Growth Drivers And Forecast To 2032 | Major Players Are Skanska AB, The Related Group, KEC International Limited, L&T Construction, Volunteers of America.
The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032The Business Research Company's Affordable Housing Global Market Report 2023 identifies easy availability of home loans as the major driver for the Affordable Housing Market's growth in the forecast period. Home loans refer to a sum that a person borrows from a financial entity, like a housing finance business, to build a home, renovate an existing one, or purchase a new or used home. Home loans give financial support to people or families, allowing them to acquire or construct homes at a low cost, boosting homeownership, and solving housing affordability issues.
The global affordable housing market is expected to grow from $51.05 billion in 2022 to $54.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The affordable housing market is expected to reach $67.17 billion in 2027 at a CAGR of 5.5%.
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Major competitors in the affordable housing market are Skanska AB, The Related Group, KEC International Limited, L&T Construction, Volunteers of America, Shapoorji Pallonji & Company Private Limited, The Beacon Communities LLC, McCormack Baron Salazar, Prestige Group, The Michaels Organization, Amrapali Group, Pinnacle Housing Group, National Church Residences, BRIDGE Housing Corporation, Shriram Properties Ltd., Dominium, Herman & Kittle Properties Inc., Jonathan Rose Companies LLC, Provident Housing Limited, The Community Builders Inc., AHC Inc., TWG Development, Tata Realty And Infrastructure Limited, The Richman Group, LDG Development LLC, Signature Global Limited, NRP Group, Dantes Partners, XRBIA Developers Limited, and Mercy Housing Inc.
A key trend in the Affordable Housing Market includes technological advancement. Major companies operating in the affordable housing market focus on developing innovative and technologically advanced affordable housing solutions to strengthen their market presence. For instance, in June 2023, AppFolio Inc., a US-based software company specializing in real estate management solutions, introduced a host of AI-powered capabilities and affordable housing solutions. The company will integrate these innovative artificial intelligence capabilities into affordable housing solutions to empower property managers to enhance resident experiences. This new affordable housing solution is designed to meet the specific requirements of clients that manage affordable housing properties or units in their portfolio. It includes managing compliance, expediting procedures, and integrating accounting operations for conventional and affordable housing units on a single platform.
Read More On The Global Affordable Housing Market Report Here:
https://www.thebusinessresearchcompany.com/report/affordable-housing-global-market-report
The Affordable Housing Market is segmented -
By Providers: Private Builders, Government, Public-private Partnership
By Size of Unit: Upto 400 square feet, 400-800 square feet, Above 800 square feet
By Location: Urban, Rural
By Income Categories: Economically Weaker Sections (EWS), Middle Income Group (MIG), Lower Income Group (LIG)
By Population: Slum Population, Non-slum population
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Affordable Housing Market.
The Business Research Company's "Global Affordable Housing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Affordable Housing Market Include:
1. Executive Summary
2. Affordable Housing Market Characteristics
3. Affordable Housing Market Trends And Strategies
4. Affordable Housing Market - Macro Economic Scenario
5. Global Affordable Housing Market Size and Growth
……
32. Global Affordable Housing Market Competitive Benchmarking
33. Global Affordable Housing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Affordable Housing Market
35. Affordable Housing Market Future Outlook and Potential Analysis
36. Appendix
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