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New Housing For-Sale Builders Market Trends That Will Shape the Next Decade: Insights from Technological Advancements Drive Innovative AI Solutions Revolutionizing Home Finding
New Housing For-Sale Builders
How Large Will the New Housing For-Sale Builders Market Size By 2025?
Recent years have seen a robust expansion in the market size of new for-sale housing builders. The market, which is projected to surge from $1963.77 billion in 2024 to $2072 billion in 2025, will experience a compound annual growth rate (CAGR) of 5.5%. Factors contributing to this growth during the historic period include a flourishing economy and strong consumer confidence, favorable mortgage rates, urbanization coupled with population growth, abundant job opportunities and employment, and supportive government policies and incentives.
How Big Is the New Housing For-Sale Builders Market Size Expected to Grow by 2029?
There is a prediction of robust expansion in the new housing for-sale builders market in the forthcoming years, with an expected compound annual growth rate (CAGR) of 6.3%, which will push the market size to $2644.41 billion in 2029. This growth in the forecast period can be traced to factors such as trends in millennial homeownership, affordability issues, altering interest rates, sustainable and eco-friendly construction, as well as urban revival and restructuring. The anticipated trends in the forecast period includes alliances with proptech startups, net-zero and energy-efficient homes, wellness-centric design, modular and pre built construction, and urbanization coupled with mixed-use developments.
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Which Key Market Drivers Powering New Housing For-Sale Builders Market Expansion and Growth?
The increase in population is predicted to boost the expansion of the market for new housing-for-sale builders. Here, population denotes the total number of individuals of a similar species who can procreate and cohabit in the same environment. The escalation in the number of people at reproductive age, coupled with the steady increase in average lifespan and substantial shifts in fertility rates, have all substantially contributed to the burgeoning population. The growing population's influence on the demand for affordable housing units in urban areas is enticing investors to purchase both residential and commercial properties, hence contributing to market growth. To illustrate, information disseminated by United Nations, a US-based intergovernmental body, in November 2022 revealed that the global population rose from 7.9 billion in 2021 to 8 billion in 2022. It's forecasted that the world population will reach 8.5 billion by 2030, and surge to 9.7 billion by 2050. Thus, the swelling population is spurring the growth of the new housing for-sale builders' market.
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Which Fast-Growing Trends Are Poised to Disrupt the New Housing For-Sale Builders Market?
The surge in technological improvements is a prominent trend observed in the new housing for-sale builders' sector. To retain their market standing, companies engaged in this industry are adapting cutting-edge technology such as AI-propelled property tech tools. For example, Zillow, an American real estate firm, utilized artificial intelligence (AI) at its operational core from April 2024 onward to elevate the home search process. Zillow's incorporation of AI technology into its operations has optimized pricing tactics and allowed for the forecasting of housing market trends. This provides more precise property evaluations and enhances services for both purchasers and sellers. This AI emphasis converts unprocessed data into actionable insights and captivating user experiences.
What Are the Emerging Segments in the New Housing For-Sale Builders Market?
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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Who Are the Global Leaders 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
Which are the Top Profitable Regional Markets for the New Housing For-Sale Builders Industry?
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
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