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Community Housing Services Market Landscape 2025: Forecast Data and Growth Strategy Insights
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Community Housing Services Industry Market Size Be by 2025?
In recent times, the community housing services market size has seen a consistent increase. The market, which was worth $83.19 billion in 2024, is projected to expand to $87.13 billion in 2025. This growth represents a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this growth during the historic period include the establishment of nonprofit housing organizations, government-backed housing initiatives, the implementation of social housing policies, the emergence of cooperative housing, and urban renewal projects.
What's the Long-Term Growth Forecast for the Community Housing Services Market Size Through 2029?
A steady increase is anticipated in the community housing services market size over the coming years. A projection for 2029 places the figure at $103.78 billion, with a compound annual growth rate (CAGR) of 4.5%. This surge in growth during the projected period can be traced back to various factors such as robust resilience planning, all-encompassing neighborhood development, enhancement of support services, customized solutions targeting unique population groups, and a design philosophy focusing on the community. The forecast period also points towards several significant trends such as initiatives for sustainable and eco-friendly housing, innovative financial strategies, equitable urbanization, consideration of housing as a factor affecting health, and community land trusts.
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What Are the Key Growth Drivers Fueling the Community Housing Services Market Expansion?
Community housing services primarily rely on the driver of federal funding for social services. This funding stream from the government aids many individuals lacking stable shelter. Numerous nations implement programs designed to provide support for their homeless populations. For example, in the United States, the Federal Government annually designates funds to support vulnerable children, adults, and families via the Social Services Block Grant (SSBG). In contrast, the Indian government has introduced the 'Pradhan Mantri Gramin Awaas Yojana', aimed at supplying pucca houses complete with essential amenities to families without homes. The ambitious goal of this initiative is to construct a crore of 25 sqm homes by 2022. Additionally, under the banner of the National Urban Livelihood Mission (NULM), the Indian government commenced the Shelter for Homeless program. This initiative offers various shelter categories such as those for men, women, families as well as specialized ones for the elderly, mentally ill and sick persons. In terms of financing, the government of India pledges to cover 75% of these shelters' development costs with the remaining 25% being the State's responsibility. Moreover, the Indian government is focusing on supplying rental houses to the urban poor, including scheduled castes, scheduled tribes, other backward classes, migrants, transgender individuals, and senior citizens. Consequently, such diverse federal funding mechanisms hold significant potential to drive the growth of the community housing services market.
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What Are the Key Trends Driving Community Housing Services Market Growth?
Key players in the community housing services market are shifting their focus to ground-breaking housing solutions like modular homes. These homes, noted for their affordability, sustainability, and customizability, are pre-fabricated in parts or modules in a factory environment before being transferred to the building site for assembly. This process leads to quicker building times, less waste, and the possibility to tailor designs to meet specific requirements and tastes. Clayton Homes, a manufacturing enterprise based in the US, for example, rolled out the Section CrossMod Home in April 2022. The initial single-section CrossMod home is conceived to present a budget-friendly housing choice with a versatile layout that is fit for urban lots. This state-of-the-art home merges features of both conventional site-built and manufactured homes, striving to meet the expanding need for attainable housing solutions.
How Is the Community Housing Services Market Segmented?
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 Companies Are Leading the Charge in Community Housing Services Market Innovation?
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.
Which Regions Are Leading the Global Community Housing Services Market in Revenue?
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.
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