The number of home sales in the United States peaked in 2021 at almost seven million after steadily rising since 2018. Nevertheless, the market contracted in the following year, with transaction volumes falling to 4.8 million. Home sales remained muted in 2024, with a mild increase expected in 2025 and 2026. A major factor driving this trend is the unprecedented increase in mortgage interest rates due to high inflation. How have U.S. home prices developed over time? The average sales price of new homes has also been rising since 2011. Buyer confidence seems to have recovered after the property crash, which has increased demand for homes and also the prices sellers are demanding for homes. At the same time, the affordability of U.S. homes has decreased. Both the number of existing and newly built homes sold has declined since the housing market boom during the coronavirus pandemic. Challenges in housing supply The number of housing units in the U.S. rose steadily between 1975 and 2005 but has remained fairly stable since then. Construction increased notably in the 1990s and early 2000s, with the number of construction starts steadily rising, before plummeting amid the infamous housing market crash. Housing starts slowly started to pick up in 2011, mirroring the economic recovery. In 2022, the supply of newly built homes plummeted again, as supply chain challenges following the COVID-19 pandemic and tariffs on essential construction materials such as steel and lumber led to prices soaring.

House prices in Spain are forecast to fall in 2024, after increasing by 1.2 percent in 2023. Nevertheless, prices are expected to pick up in 2025, with an increase of one percent. The Portuguese housing market, on the other hand, grew by 5.5 percent in 2023, but was forecast to contract in the next two years.

Just as in many other countries, the housing market in the UK grew substantially during the coronavirus pandemic, fueled by robust demand and low borrowing costs. Nevertheless, high inflation and the increase in mortgage rates has led to house price growth slowing down. According to the forecast, 2024 is expected to see house prices decrease by three percent. Between 2024 and 2028, the average house price growth is projected at 2.7 percent. A contraction after a period of continuous growth In June 2022, the UK's house price index exceeded 150 index points, meaning that since 2015 which was the base year for the index, house prices had increased by 50 percent. In just two years, between 2020 and 2022, the index surged by 30 index points. As the market stood in December 2023, the average price for a home stood at approximately 284,691 British pounds. Rents are expected to continue to grow According to another forecast, the prime residential market is also expected to see rental prices grow in the next years. Growth is forecast to be stronger in 2024 and slow down in the period between 2025 and 2028. The rental market in London is expected to follow a similar trend, with Central London slightly outperforming Greater London.

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Forecast: Fatal Accidents at Work in Real Estate in Italy 2024 - 2028 Discover more data with ReportLinker!

Forecast: Fatal Accidents at Work in Real Estate in France 2024 - 2028 Discover more data with ReportLinker!

According to the forecast, house prices in London are expected to fall slightly in 2024, followed by a recovery in the following years. The decline can be explained with the cost of living crisis and the dramatic increase in borrowing costs. As the economy recovers in the next five-years, house prices for mainstream properties are forecast to rise by almost 14 percent. In 2023, the average house price in London ranged between 350,000 British pounds and 1.4 million British pounds, depending on the borough. Barking and Dagenham, Bexley, Newham, and Croydon were some of the most affordable boroughs to buy a house.

Graph and download economic data for All-Transactions House Price Index for the United States (USSTHPI) from Q1 1975 to Q4 2024 about appraisers, HPI, housing, price index, indexes, price, and USA.

According to the forecast, the North East and Wales are the regions in the United Kingdom estimated to see the highest overall growth in house prices over the five-year period between 2024 and 2028. Just behind are North West, Yorkshire & the Humber, and Scotland, which are forecast to see house prices increase by 20.2 percent over the five-year period. In London, house prices are expected to rise by 13.9 percent.

Building contractors and developers depend on various socio-economic factors, including property values, underlying sentiment in the housing market, the degree of optimism among downstream businesses and credit conditions. All of these drivers typically track in line with economic sentiment, with recent economic shocks spurring a difficult period for building contractors and developers. Nonetheless, the enduring need for building services, particularly to tackle housing shortages across the continent, ensures a strong foundation of work. Revenue is forecast to decline at a compound annual rate of 2.9% to €1.1 trillion over the five years through 2024. Building construction output recorded strong and consistent growth across Europe in the years leading up to the pandemic, buoyed by rising house prices and a return to economic stability as the effects of the financial crisis faded. Operational and supply chain disruption caused by the pandemic reversed the fortunes of building contractors and developers in 2020, as on-site activity tumbled and downstream clients either cancelled, froze or scaled back investment plans. Aided by the release of pent-up demand and supportive government policy, building construction output rebounded in 2021. Excess demand for key raw materials led to extended lead times during this period, while input costs recorded a further surge as a result of the effects of rapidly climbing energy prices following Russia’s invasion of Ukraine. Soaring costs and the impact of the economic slowdown on both the housing market and investor sentiment have led to a renewed slowdown in building construction activity across the continent. Revenue is forecast to decline by 1.5% in 2024. Revenue is forecast to increase at a compound annual rate of 4.9% to €1.5 trillion over the five years through 2029. Activity is set to remain sluggish in the medium term, as weak economic growth continues to constrain investor sentiment and high borrowing costs hold back the housing market. Contractors and developers will increasingly rely on public sector support, including measures to boost the supply of new housing as countries seek to tackle severe housing shortages.

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at 678,282 Canadian dollars in 2023 and was forecast to reach 722,063 Canadian dollars by 2025. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From 443,511 units sold, the annual number of home sales in the country is expected to fall to 489,661 in 2024. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2024. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

The average resale house price in Canada was forecast to reach nearly 836,000 Canadian dollars in 2026, according to a January forecast. In 2024, house prices increased after falling for the first time since 2019. One of the reasons for the price correction was the notable drop in transaction activity. Housing transactions picked up in 2024 and are expected to continue to grow until 2026. British Columbia, which is the most expensive province for housing, is projected to see the average house price reach 1.2 million Canadian dollars in 2026. Affordability in Vancouver Vancouver is the most populous city in British Columbia and is also infamously expensive for housing. In 2023, the city topped the ranking for least affordable housing market in Canada, with the average homeownership cost outweighing the average household income. There are a multitude of reasons for this, but most residents believe that foreigners investing in the market cause the high housing prices. Victoria housing market The capital of British Columbia is Victoria, where housing prices are also very high. The price of a single family home in Victoria's most expensive suburb, Oak Bay was 1.9 million Canadian dollars in 2024.

Forensic Engineering Services Market size is growing at a faster pace with substantial growth rates over the last few years and is estimated that the market will grow significantly in the forecasted period i.e. 2024 to 2031.

Global Forensic Engineering Services Market Definition

The analysis of property loss and injuries caused by failures in materials, components, design, and construction is known as forensic engineering. These can range from trivial occurrences like a crankshaft cracking to catastrophic disasters like a bridge collapse. Manufacturers, builders, insurance companies, and law firms receive the results of forensic engineering investigations. If there was property damage, economic loss, personal injury, or death, forensic evidence, coupled with the investigator’s testimony, could be offered in a court of law, arbitration, or another forum. In the prosecution and defense of civil and criminal claims, investigations are critical for legal decision-making. Forensic engineering is used to determine the facts in cases involving financial claims.

Forensic analysis is used to determine why something went wrong. This requires determining the events that led to the breakdown and putting together a causal chain that led to the accident. This data can be utilized to improve a component’s performance and dependability. The findings of a forensic inquiry are frequently presented to the courts. Failures can result in liability due to property damage, personal injury, or death as a result of the failure. As a result, forensic evidence is employed in the claim, prosecution, and defense of challenged contracts, health and safety, product liability, and tort claims. Even lawsuits involving intellectual property, such as patent infringement, can rely on forensic evidence. Decoding product liability is amongst the most common uses of forensic engineering. Expert testimony is used by both claimants (plaintiffs) and defendants to establish a chain of events and assign blame.

Estimated residential land price bubble sizes of Japan’s prefectures (%).

The average Canadian house price declined slightly in 2023, after four years of consecutive growth. The average house price stood at 678,282 Canadian dollars in 2023 and was forecast to reach 746,379 Canadian dollars by 2026. Home sales on the rise The number of housing units sold is also set to increase over the two-year period. From 443,511 units sold, the annual number of home sales in the country is expected to rise to 453,704 in 2025. British Columbia and Ontario have traditionally been housing markets with prices above the Canadian average, and both are set to witness an increase in sales in 2025. How did Canadians feel about the future development of house prices? When it comes to consumer confidence in the performance of the real estate market in the next six months, Canadian consumers in 2024 mostly expected that the market would go up. A slightly lower share of the respondents believed real estate prices would remain the same.

According to Cognitive Market Research, The Worldwide Walk Bathtub market size will be USD 1.5 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 4% from 2023 to 2030.

The demand for walk-in Bathtubs is rising due to the senior population's growing need for walk-in bathtubs, and growing knowledge of the advantages of utilizing walk-in bathtubs is responsible for this market's expansion.
Demand for independent bathtubs remains higher in the Walk-in Bathtub market.
The household bathtubs category held the highest Walk-in Bathtub market revenue share in 2023.
North American Walk-in Bathtub will continue to lead, whereas the Asia-Pacific Walk-in Bathtub market will experience the most substantial growth until 2030.

Increase in Bathroom Renovations and Home Remodeling to Provide Viable Market Output.

Instead of purchasing new houses, consumers are choosing to spend their money on home restoration and remodeling projects as property prices rise. Despite a brief downturn brought on by the COVID-19 epidemic in April 2020, record-low mortgage rates and enough supply across the country have protected and even increased property values.

For instance, U.S. homeowners made USD 9,800 more at the end of Q2 2020, up 6.6% over the previous year, according to a CoreLogic analysis. According to LightStream's 2020 Home Improvement Trends Study, homeowners are optimistic and plan to finish more home improvement projects in 2020 than in 2019.

(Source:www.corelogic.com/press-releases/corelogic-us-home-equity-increases-again-in-q2-2022-with-the-total-average-equity-per-homeowner-reaching-a-record-high-of-300000/)

It is anticipated that remodeling bathrooms would be the most common interior project, with more than 2/5th of respondents indicating plans to update their bathrooms.

Hospitality Industry Growth to Propel Market Growth

The commercial market, namely the hotel business, is seeing rapid expansion, which is driving the need for smart bathrooms. The building of new hotels is fueled by the hotel business, which makes a significant contribution to the hospitality sector. Over the course of the projection period, the expansion of smart bathrooms is expected to be fueled by the thriving real estate and tourist sectors, as well as a number of infrastructure projects in the hospitality industry.

For instance, in the upcoming years, 1,704 hotels with 364,274 rooms are planned to expand across North America, which is expected to promote the expansion of the bathtub industry, according to a blog post by TOP HOTEL PROJECTS.

(Source:www.cvent.com/en/blog/topic/hotels)

Increasing aging population to propel market growth

Market Dynamics of Walk In Bathtub

Rising Accidents During Bathing to Restrict Market Growth

The frequency of bathtub accidents is rising, which is slowing the market's expansion. For example, every year in Japan, almost 14,000 people pass away while taking a bath—three times as many as the nation's road accident death toll. Even while bathtubs appear to be soothing fixtures, the number of people dying in bathtub accidents—like drownings when users fall asleep—is also steadily rising. In addition, 43,000 incidents of children in the United States each year receiving injuries from falling and slipping in bathtubs are reported.

Impact of COVID–19 on the Walk In Bathtub Market

Worldwide supply networks faced serious difficulties as a result of the COVID-19 epidemic. Production is being disrupted by many outages that continue to impede or even stop the flow of finished goods and raw materials across the nation. However, more people living in more places have boosted the market, particularly since the COVID-19 epidemic. The fact that more local manufacturers are producing more bathroom goods is a significant factor propelling the market for bathing tubs. Companies have been obliged to refocus their innovation and restructuring efforts in order to preserve company continuity by fostering flexibility and resilience as a result of the pandemic's existential crisis. Furthermore, reduced expenses and increased efficiency prompted investments, digitalization, and process enhancements in the supply chain. Introduction of Walk In Bathtub

The senior population's growing need for walk-in bathtubs and growing knowledge of the advantages of utilizing walk-in bathtubs are responsib...

The size of the Turkey P&C Insurance Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of % during the forecast period. Property and Casualty (P&C) insurance is a critical segment of the insurance industry that provides coverage for various types of risks related to property loss and liability claims. This sector encompasses a wide range of insurance products, including homeowners insurance, automobile insurance, commercial property insurance, and liability insurance. The primary purpose of P&C insurance is to protect policyholders from financial losses due to unforeseen events such as accidents, natural disasters, theft, or liability claims resulting from injuries or damages to third parties. The P&C insurance market is characterized by its diverse offerings tailored to meet the needs of individual consumers and businesses. Homeowners insurance typically covers damage to the insured's property and personal belongings, as well as liability for accidents that occur on the premises. Automobile insurance protects against losses related to vehicle damage and liability for accidents involving the insured vehicle. Commercial property insurance safeguards businesses against risks to their physical assets, while liability insurance helps cover legal expenses and settlements for claims made against the policyholder. Key drivers for this market are: Rising Sales of Cars in Europe Drives The Market, Increase in Road Traffic Accidents Drives The Market. Potential restraints include: Increase in Cost of Claims Made, Increase in False Claims and Scams. Notable trends are: Non-Life insurance market is the high in the Turkish insurance industry:.

Estimated commercial land price bubble sizes of Japan’s prefectures (%).

The Crisis and Care Accommodation industry forms part of Australia's community welfare sector, and provides services for some of the most economically vulnerable people in Australian society, including children, those with long-term disabilities and the elderly. Even before the COVID-19 pandemic and the cost-of-living crisis, a growing number of Australians were at increased risk of homelessness, with many experiencing financial hardship, persistent disadvantage and social exclusion. Stagnant wage growth in inflation-adjusted terms, heightened housing stress and associated incidences of family breakdown and family violence have boosted demand for crisis and care accommodation over the past few years. Given high inflation and rising rental costs, many of the industry’s clients have become increasingly vulnerable and their needs are also becoming more complex. Rising disability prevalence is creating additional challenges for residential care providers, with the Australian Bureau of Statistics finding that 5.5 million Australians had a disability in 2022. However, the ability to meet increased demand has not necessarily been matched by additional funding, constraining industry and profit growth. In light of these socio-economic variables and supply constraints, industry revenue growth is expected to be a modest 4.3% annualised over the five years through 2024-25 to $5.7 billion, including anticipated growth of 4.1% in the current year. Solid demand for residential care services is expected over the coming years, bolstered by strong demand for homelessness services in the face of ongoing rent costs and inflationary pressures. An ageing population is set to continue driving demand for palliative care and respite services. Government policies and associated regulatory reforms - including those stemming from the Royal Commission into Violence, Abuse, Neglect and Exploitation of People with Disability - will dictate the industry's operating environment as the government looks to establish a roadmap for Australia's care and support economy. Industry growth rates will remain modest at 2.5% annualised over the five years through 2029-30, to reach $6.4 billion.

The global Star House market, valued at $253 million in 2025, is projected to experience robust growth, driven by increasing demand across diverse sectors like hospitality and entertainment. A compound annual growth rate (CAGR) of 6.8% from 2025 to 2033 indicates a significant market expansion, reaching an estimated value exceeding $450 million by 2033. This growth is fueled by several factors. The rising popularity of unique and experiential accommodations, particularly among younger demographics seeking Instagrammable locations and memorable travel experiences, is a primary driver. Furthermore, advancements in materials science and construction techniques are enabling the creation of more durable, aesthetically pleasing, and cost-effective star houses, thereby broadening market accessibility. The market segmentation reveals a strong presence across various application areas, with catering, accommodation, and other sectors contributing significantly to overall demand. Size variations (2.0m Below, 2.0-3.0m, etc.) cater to diverse needs and budget constraints. While geographical data is not fully specified, the presence of prominent companies across various regions – North America, Europe, and Asia Pacific – suggests a global reach. The competitive landscape shows a mix of established players and emerging innovators leveraging technology and innovative designs to capture market share. Challenges to growth may include stringent building codes and regulations in some regions, potential environmental concerns related to material sourcing and disposal, and seasonal fluctuations in demand depending on climatic conditions. Nevertheless, ongoing innovation in sustainable materials, coupled with increasing consumer interest in unique architectural designs, positions the Star House market for sustained expansion over the next decade. Strategic partnerships between manufacturers and hospitality businesses are likely to drive further market penetration and increase brand awareness, maximizing overall market potential. Continued technological advancements in areas like energy efficiency and smart home integration will also be crucial in enhancing the overall appeal and competitiveness of star houses within the broader hospitality and entertainment sectors.