Press release
Single-Family Housing Market Set to Reach $275.36 Billion by 2028 with a 14.7% CAGR || Turner Construction Co., Clark Group, AECOM
Single-Family Housing Green Buildings Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the single-family housing green buildings industry. This report on single-family housing green buildings market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The single-family housing green buildings market size has grown rapidly in recent years. It will grow from $138.74 billion in 2023 to $159.1 billion in 2024 at a compound annual growth rate (CAGR) of 14.7%. The growth in the historic period can be attributed to environmental awareness, energy efficiency, health and well-being, resale value. The single-family housing green buildings market size is expected to see rapid growth in the next few years. It will grow to $275.36 billion in 2028 at a compound annual growth rate (CAGR) of 14.7%.
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Key Market Players:
Turner Construction Co., Clark Group, AECOM, Hensel Phelps, Holder Construction, The Whiting-Turner Contracting Co are prominent players in the single-family housing green buildings industry.
Market Drivers:
According to the Single-Family Housing Green Buildings Market Report 2023 by The Business Research Company, the key factors driving the growth of the single-family housing green buildings market, includes the increasing energy cost and consumption. AThe energy cost is the cost of the energy required to heat a home, apartment, or rental property. The quantity of energy consumed to accomplish an action, create something, or inhabit a facility is referred to as energy consumption. Energy consumption and cost reduction are major goals for single-family dwelling green buildings. Builders and homeowners may lessen their ecological footprint and save money over time by implementing energy-efficient features and practices. For instance, in August 2023, according to the Energy Information Administration, a US-based principal government information system entity, energy expenditures in the United States grew by 25% compared to the previous year to $3,967 per capita in 2021.
More information about the Global Single-Family Housing Green Buildings Market Report -
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Market segments for single-family housing green buildings include:
1) By Type: New Constructions, Remodeling Projects
2) By Product: Interior Products, Exterior Products
3) By Construction Type: Full Green, Semi Green
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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