Press release
Community Housing Services Market Size and Outlook 2024-2033: Insights, Key Drivers, Share, and Emerging Trends
Community Housing Services Market
The Business Research Company presents an extensive market research report on the Community Housing Services Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The community housing services market size has grown steadily in recent years. It will grow from $91.95 billion in 2023 to $96.01 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth in the historic period can be attributed to formation of nonprofit housing organizations, government housing initiatives, social housing policies, rise of cooperative housing, urban renewal projects.
The community housing services market size is expected to see steady growth in the next few years. It will grow to $113.23 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The growth in the forecast period can be attributed to resilience planning, holistic neighborhood development, expansion of support services, tailored solutions for special populations, community-centric design. Major trends in the forecast period include green and sustainable housing initiatives, innovative finance mechanisms, equitable urban development, housing as a health determinant, community land trusts.
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Key Market Players:
Major companies operating in the community housing services market report are Nestle Community Housing Services Ltd., Community Housing Ltd., Cms Info Systems Ltd., ResMan LLC, CAHEC Management Inc., Truist Insurance Holdings Inc., The Michaels Inc., Converged Services Inc., RealPage Inc., Yardi Systems Inc., The NRP Group LLC, Herman & Kittle Properties Inc., Community Housing Partners, Dominum Ycp Ltd., La Casa Inc., Housing Resources Inc., Knox Housing Partnership Inc., Watchtower Security Inc., LDG Development LLC, Kalamazoo Neighborhood Housing Services, The Pacific Companies, Housing & Neighborhood Development Services, Fair community housing services limited, Crossroads Villa Inc., Dantes Partners LLC, Choice Property Resources Inc., SRM Housing Services Private Limited, Rise Residential Construction, TrashPro LLC, Management Reports Incorporated, National Property Management Strategies Group LLC, Housing Development Finance Corporation Ltd., National Affordable Housing Management Association, New Hampshire Housing Finance Authority, Multifamily Loans, The Community Builders Inc.
Market Drivers:
The federal funding for social services is a major driver for the community housing services market. Funding from the government helps many homeless people get shelter. Many programs are run by different countries to assist homeless people. For instance, in the US, every year the Federal Government allocates funds to States/Territories to support social services for vulnerable children, adults, and families through the Social Services Block Grant (SSBG). In India, 'Pradhan Mantri Gramin Awaas Yojana' focuses on providing pucca houses with basic amenities to homeless families. The objective of this scheme is to build one crore of homes of 25 sqm by 2022. The government of India also launched the Shelter for Homeless program under the National Urban Livelihood Mission (NULM). Under this program, various types of shelters such as men's shelters, women's shelters, family shelters, and special shelters (for old age, mentally ill, and sick persons) are provided. The government of India will finance 75% of the expense for the development of these shelters and the other 25% will be the State commitment. The Indian government is also working on providing rental housing to urban poor belonging to scheduled castes, scheduled tribes and other backward classes, migrants, transgender, and senior citizens. Therefore, different types of federal funding will help drive the market for community housing services.
Learn More About The Market Report -
https://www.thebusinessresearchcompany.com/report/community-housing-services-global-market-report
The community housing services market covered in this report is segmented -
1) By Product Type: Single Section Homes, Multi-Section Homes
2) By Service: Temporary And Emergency Shelter Services, Permanent Housing Support Services, Transitional And Assisted Housing Services, Volunteer Construction Or Repair Services, Other Services
3) By End-Users: Victims Of Domestic Violence, Sexual Assault Or Child Abuse, Homeless, Runaway Youths, Parents And Families Caught In Medical Crises, Low-Income Individuals And Families, Elderly Or Disabled
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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