Single-Family Housing Green Buildings Market Size, Share, Growth Analysis, Business Insights And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Single-Family Housing Green Buildings Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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%. The growth in the forecast period can be attributed to sustainability and climate change, energy efficiency standards, sustainable materials, smart home technologies. Major trends in the forecast period include energy efficiency, renewable energy integration, passive house design, smart home technology.

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Market Drivers and Trends:

Greater consumer interest has contributed to the growth of single-family residential green buildings. Customers, particularly millennials, are showing more interest in sustainable and net-zero energy homes, considering the environmental concerns as sustainable (green) building design includes the use of natural and renewable sources. The increased awareness of the benefits associated with sustainable green practises such as less exposure to toxins and contaminants from building materials, reduced air pollution inside the residence, and improved environmental health and quality is propelling the single-family housing green buildings market growth.

Consumers and builders are working towards achieving more sustainable homes and are focusing on minimizing their carbon footprint by developing self-sustainable homes, termed "Net-zero" homes. A net-zero home produces its own energy locally and should aim to produce at least as much energy as it consumes. For instance, in November 2021, according to Team Zero, a US-based non-profit and charitable group also known as Net Zero Energy Coalition, counts about 24,500 households in the United States that achieve ""zero energy"" performance and predicts that the true number is considerably larger. The Department of Energy has classified 8,656 buildings as ""net zero ready,"" which means they may achieve zero energy with the installation of solar panels. These statistics show a trend of net-zero homes in the residential construction market. These statistics show a trend of net-zero homes in the residential construction market.

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Major Key Players of the Market:

Turner Construction Co., Clark Group, AECOM, Hensel Phelps, Holder Construction, The Whiting-Turner Contracting Co., Gilbane Building Co., Skanska USA, Structure Tone, Webcor Builders, Lendlease, Clayco, Suffolk Construction, DPR Construction, PCL Construction Enterprises, Walsh Group, Balfour Beatty US, BL Harbert, Level 10 Construction, Austin Commercial, James G. Davis Construction, JE Dunn Construction, Power Construction, Consigli Building Group, McCarthy Holdings, Hoffman Construction, Brasfield & Gorrie, Mortenson Construction, Sundt Construction, HITT Contracting, Hathway Dinwiddie Construction, The Beck Group, The Weitz Company, The Boldt Company, The Opus Group, The Korte Company, Ryan Companies US Inc., The Haskell Company

Single-Family Housing Green Buildings Market 2024 Key Insights:

• 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%.
• Millennials Drive Surge In Single-Family Green Homes A Growing Interest In Sustainable Living
• Rise Of Net-Zero Homes A Sustainable Revolution In Residential Construction
• Asia-Pacific was the largest region in the single-family housing green buildings market in 2023

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