Press release
Global New Housing For-Sale Builders Market Projected to Surpass $2644.41 Billion by 2029 with 6% Annual Growth
The escalating population is anticipated to catalyze the expansion of the new housing-for-sale builders market. The term population encompasses the aggregate of individuals from the same species who have the capacity to mate and live harmoniously in a shared environment. Numerous factors like the increasing portion of people attaining reproductive maturity, augmented average life expectancy, and considerable fertility rate fluctuations have played a major role in population growth. Propelled by the escalating population's effect on the demand for reasonably priced residential units in urban zones, investors are keenly buying both domestic and commercial buildings, hence this will boost the market growth. For example, data released by the United States-based intergovernmental organization, United Nations, in November 2022, revealed that the world's population increased to 8 billion in 2022 from 7.9 billion in 2021. Predictions are that the worldwide population will touch 8.5 billion by 2030, and will further increase to 9.7 billion by 2050. Therefore, the escalating population is acting as a catalyst for the expansion of the new housing-for-sale builders market, looking ahead.
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What growth opportunities are expected to drive the new housing for-sale builders market's CAGR through 2034?
The for-sale builders market in the new housing segment has seen robust growth in the past few years. The market size is expected to rise from $1963.77 billion in 2024 to $2072 billion in 2025, indicating a compound annual growth rate (CAGR) of 5.5%. Factors responsible for this growth during the historical period include economic expansion and increased consumer confidence, attractive mortgage rates, increased urbanization and population growth, employment opportunities, as well as supportive government policies and incentives.
The market size of new housing construction for sale is anticipated to experience substantial expansion in the forthcoming years, with estimates suggesting it will swell to $2644.41 billion by 2029, generating a compound annual growth rate (CAGR) of 6.3%. The projected growth in this timeline can be linked to several factors including evolving home ownership patterns amongst millennials, the struggle with affordability, changes in interest rates, and a shift toward sustainable and energy-efficient buildings, along with initiatives for urban renewal and redevelopment. Key trends for this forecast duration also encompass partnerships with proptech startups, focus on energy efficiency and achieving net-zero homes, the rising trend of modular and prefabricated construction, design focusing on wellness, and a drive towards urbanization and mixed-use developments.
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What are the emerging trends shaping the future of the new housing for-sale builders market?
Key technological developments are becoming increasingly popular trends in the market for new for-sale housing builders. To maintain their market standing, companies within this sector are turning to advanced technologies like AI-driven property tech tools. For instance, Zillow, an American real estate firm, has integrated AI into the heart of its operations as of April 2024, to elevate the experience of finding homes. By incorporating AI into its platform, Zillow can fine-tune its pricing strategies and anticipate shifts in the housing market. This allows for more precise property evaluations and enhanced services for both buyers and sellers. Through an emphasis on AI, Zillow is able to convert raw information into practical tips and captivating user experiences.
Which growth-oriented segments of the new housing for-sale builders market are leading the industry's development?
The new housing for-sale builders market covered in this report is segmented -
1) By Property: Residential, Commercial, Industrial, Land
2) By Business: Sales, Rental
3) By Mode: Online, Offline
Subsegments:
1) By Residential: Single-Family Homes, Multi-Family Units, Townhouses
2) By Commercial: Retail Spaces, Office Buildings, Mixed-Use Developments
3) By Industrial: Warehouses, Manufacturing Facilities, Distribution Centers
4) By Land: Residential Lots, Commercial Land, Industrial Land
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What regions are leading the charge in the new housing for-sale builders market?
Asia-Pacific was the largest region in the new housing for-sale builders market in 2024. The regions covered in the new housing for-sale builders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
What companies are at the forefront of innovation in the new housing for-sale builders market?
Major companies operating in the new housing for-sale builders market include Brookfield Corporation, 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., 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
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What Is Covered In The New Housing For-Sale Builders Global Market Report?
• Market Size Forecast: Examine the new housing for-sale builders market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the new housing for-sale builders market for a structured understanding.
• Key Players Overview: Analyze major players in the new housing for-sale builders market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the new housing for-sale builders market.
• Segment Contributions: Evaluate how different segments drive overall growth in the new housing for-sale builders market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the new housing for-sale builders market.
• Industry Challenges: Identify potential risks and obstacles affecting the new housing for-sale builders market.
• Competitive Landscape: Review strategic developments in the new housing for-sale builders market, including expansions, agreements, and new product launches.
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