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The Effect Of Federal Funding On The Community Housing Services Market Driver: A Major Catalyst in the Evolution of the Community Housing Services Market in 2025
community housing services
Community housing services market significantly benefits from the main driver, the federal funding for social services. The much-needed provision of shelter for many homeless individuals is made possible through government funding. There are numerous initiatives worldwide aimed at supporting homeless individuals. For instance, every year, the US Federal Government distributes funds to States/Territories to bolster social services for vulnerable families, adults, and children, offered through the Social Services Block Grant (SSBG). Similarly, India has a program called 'Pradhan Mantri Gramin Awaas Yojana,' aimed at providing homeless families with durable houses equipped with essential amenities. This program aims to construct one crore homes, each 25 sqm by 2022. Additionally, the Indian government rolled out the Shelter for Homeless initiative under the National Urban Livelihood Mission (NULM). This initiative provides various shelters such as shelters for men, women, families, and unique shelters for elderly, mentally ill, and sick individuals. The Indian government plans to cover 75% of the expenses for setting up these shelters while the State offers the remaining 25% commitment. Moreover, urban poor individuals from scheduled castes, scheduled tribes, other backward classes, migrants, transgender people, and senior citizens are all part of the Indian government's scheme to provide rental housing. Therefore, various types of federal funding significantly propel the market for community housing services.
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What Is the projected market size and growth rate for the community housing services market?
In recent times, there has been a consistent growth in the market size of community housing services. The projection is that it will increase from $83.19 billion in 2024 to $87.13 billion in 2025, with a compound annual growth rate (CAGR) of 4.7%. This historical growth can be traced back to the establishment of nonprofit housing organizations, government-driven housing initiatives, the implementation of social housing policies, the rise in cooperative housing, and urban renewal projects.
The market size for community housing services is projected to experience consistent growth in the upcoming years, reaching a value of $103.78 billion in 2029, with a compound annual growth rate (CAGR) of 4.5%. The anticipated growth within the forecast period can be credited to strategic resilience planning, comprehensive community development, broadening of support services, distinct solutions aimed at unique populations, and design focused on community needs. Key trends within this forecast period encompass eco-friendly and sustainable housing efforts, inventive financial options, fair city development, viewing housing as a determinant of health, and community land trusts.
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What new trends are reshaping the community housing services market and its opportunities?
Leading entities within the community housing services sector are concentrating their efforts on unique housing solutions such as modular homes due to their affordability, environmental sustainability, and adaptability. The term 'modular homes' is used to describe prefabricated sections or modules built in a factory, which are later assembled on site. These homes offer merits such as quick construction times, decreased waste, and the opportunity to tailor designs to match specific requirements and tastes. In a notable event in April 2022, Clayton Homes, an American manufacturing company, introduced the Section CrossMod Home. This first of its kind single-section CrossMod home was developed as a reasonably-priced housing alternative featuring a versatile layout suitable for city lots. This avant-garde home merges elements of traditional site-built homes and manufactured homes, with the goal of satisfying the rising demand for readily-available housing solutions.
What major market segments define the scope and growth of the community housing services market?
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
Subsegments:
1) By Single Section Homes: Manufactured Homes, Modular Homes
2) By Multi-Section Homes: Double-Wide Homes, Triple-Wide Homes, Multi-Family Homes
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Which region dominates the community housing services market?
Western Europe was the largest region in the community housing services market share in 2024. Asia-Pacific was the second-largest region in the global community housing services market. The regions covered in the community housing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the community housing services industry growth?
Major companies operating in the community housing services market include Community Housing Ltd., ResMan LLC, CAHEC Management Inc., The Michaels 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., 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, 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.
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What Is Covered In The Community Housing Services Global Market Report?
•Market Size Forecast: Examine the community housing services market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the community housing services market for a structured understanding.
•Key Players Overview: Analyze major players in the community housing services market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the community housing services market.
•Segment Contributions: Evaluate how different segments drive overall growth in the community housing services market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the community housing services market.
•Industry Challenges: Identify potential risks and obstacles affecting the community housing services market.
•Competitive Landscape: Review strategic developments in the community housing services market, including expansions, agreements, and new product launches.
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