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New Housing For-Sale Builders Market Analysis, Trends, Growth, Research And Forecast 2033
New Housing For-Sale Builders Market Analysis
According to The Business Research Company's, The new housing for-sale builders market size has grown strongly in recent years. It will grow from $1952.91 billion in 2023 to $2056.35 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to economic growth and consumer confidence, low mortgage rates, population growth and urbanization, job opportunities and employment, government policies and incentives..
The new housing for-sale builders market size is expected to see strong growth in the next few years. It will grow to $2554.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to millennial homeownership trends, affordability challenges, interest rate fluctuations, sustainable and energy-efficient construction, urban renewal and redevelopment.. Major trends in the forecast period include collaboration with proptech startups, energy efficiency and net-zero homes, modular and prefabricated construction, wellness-focused design, urbanization and mixed-use developments..
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Market Drivers and Trends:
The rising population is expected to propel the growth of the new housing-for-sale builders market. Population refers to the several individuals of a single species that can breed together and coexist in the same habitat are collectively. Growing numbers of people reaching reproductive age, a steady rise in the average lifespan, and significant changes in the fertility rate have all contributed significantly to the rising population. Investors are eagerly purchasing both residential and commercial properties as a result of the rising population's impact on the demand for affordable housing units in metropolitan areas, so rising population will propel the market growth. For instance, in November 2022, according to the data published by United Nations, a US-based, intergovernmental organization, the global population reached 8 billion in 2022, from 7.9 billion in 2021. The global population is expected to reach 8.5 billion in 2030, and a further 9.7 billion by 2050. Therefore, the rising population is driving the growth of the new housing for-sale builders' market, going forward.
Technological advancements are a key trend gaining popularity in the new housing for-sale builders' market. Companies operating in the new housing for-sale builders market are adopting new technologies such as AI-driven property technology tools to sustain their position in the market. For instance, in July 2021, Anarock, an India-based, real estate company, engaging in commercial spaces, and land development, launched 'ASTRA' an artificial intelligence and machine learning prop-tech solution developed in collaboration with, data analytics partner G-Square Solutions. 'ASTRA' is an AI-driver property technology tool, with the potential to boost sales of residential properties by 15%. The system's algorithm analyses consumer behaviour data to produce highly accurate leads, increasing marketing effectiveness, decreasing expenses, and providing customers and developers with an engaging user experience.
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Major Key Players of the Market:
Brookfield Corporation; Keller Williams Realty Inc.; Colliers International Group Inc.; D.R. Horton Inc.; Kaufman and Broad Home Corporation; Lennar Corporation; TRI Pointe Group Inc.; PulteGroup Inc.; M/I Homes Inc.; Toll Brothers Inc.; Hovnanian Enterprises Inc.; NVR Inc.; Beazer Homes USA Inc.; Fortin Construction Inc.; Maronda Homes Inc.; Greystar Real Estate Partners LLC; Alliance Residential Company LLC; Taylor Morrison Home Corporation; Meritage Homes Corporation; Century Communities Inc.; LGI Homes Inc.; William Lyon Homes Inc.; AV Homes Inc.; M.D.C. Holdings Inc.; Ashton Woods Homes LLC; Fischer Homes LLP; Gehan Homes Ltd.; Highland Homes; David Weekley Homes Inc.; Perry Homes LP; Coventry Homes Inc.;
New Housing For-Sale Builders Market 2024 Key Insights:
• The new housing for-sale builders market will grow to $2554.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%.
• Rising Population Fuels Growth In New Housing-For-Sale Builders Market
• Technological Advancements Drive Innovation In New Housing For-Sale Builders' Market
• Asia-Pacific was the largest region in the new housing for-sale builders market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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