The U.S. housing market has slowed, after ** consecutive years of rising home prices. In 2021, house prices surged by an unprecedented ** percent, marking the highest increase on record. However, the market has since cooled, with the Freddie Mac House Price Index showing more modest growth between 2022 and 2024. In 2024, home prices increased by *** percent. That was lower than the long-term average of *** percent since 1990. Impact of mortgage rates on homebuying The recent cooling in the housing market can be partly attributed to rising mortgage rates. After reaching a record low of **** percent in 2021, the average annual rate on a 30-year fixed-rate mortgage more than doubled in 2023. This significant increase has made homeownership less affordable for many potential buyers, contributing to a substantial decline in home sales. Despite these challenges, forecasts suggest a potential recovery in the coming years. How much does it cost to buy a house in the U.S.? In 2023, the median sales price of an existing single-family home reached a record high of over ******* U.S. dollars. Newly built homes were even pricier, despite a slight decline in the median sales price in 2023. Naturally, home prices continue to vary significantly across the country, with West Virginia being the most affordable state for homebuyers.

In 2023, the median single-family home price in the state of Florida was ******* U.S. dollars, up from ******* U.S. dollars in 2012. Despite this consistent growth in home prices, the volume of single-family homes sold in the state stagnated between 2015 and 2018.

Graph and download economic data for All-Transactions House Price Index for Florida (FLSTHPI) from Q1 1975 to Q3 2025 about appraisers, FL, HPI, housing, price index, indexes, price, and USA.

The average price per square foot of floor space in new single-family housing in the United States decreased after the great financial crisis, followed by several years of stagnation. Since 2012, the price has continuously risen, hitting ****** U.S. dollars per square foot in 2024. In 2024, the average sales price of a new home exceeded ******* U.S. dollars. Development of house sales in the U.S. One of the reasons for rising property prices is the gradual growth of house sales between 2011 and 2020. This period was marked by the gradual recovery following the subprime mortgage crisis and a growing housing sentiment. Another significant factor for the housing demand was the growing number of new household formations each year. Despite this trend, housing transactions plummeted in 2021, amid soaring prices and borrowing costs. In 2021, the average construction cost for single-family housing rose by nearly ** percent year-on-year, and in 2022, the increase was even higher, at close to ** percent. Financing a house purchase Mortgage interest rates in the U.S. rose dramatically in 2022 and remained elevated until 2024. In 2020, a homebuyer could lock in a 30-year fixed interest rate of under ***** percent, whereas in 2024, the average rate for the same mortgage type was more than twice higher. That has led to a decline in homebuyer sentiment, and an increasing share of the population pessimistic about buying a home in the current market.

Graph and download economic data for Housing Inventory: Active Listing Count in Florida (ACTLISCOUFL) from Jul 2016 to Oct 2025 about active listing, FL, listing, and USA.

The United States Real Estate Services Market Report is Segmented by Property Type (Residential, Commercial), by Service (Brokerage Services, Property Management Services, Valuation Services and More), by Client Type (Individuals/Households, Corporates & SMEs and More), and by States (Texas, California, Florida, New York, Illinois, Rest of US). The Market Forecasts are Provided in Terms of Value (USD).

The US Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail, Logistics, Others), by Business Model (Sales, Rental), by End-User (Individuals/Households, Corporates & SMEs, Others), and by Geography (Texas, California, Florida, New York, Illinois, Rest of US). The Market Forecasts are Provided in Terms of Value (USD).

All-Transactions House Price Index for Florida was 824.64000 Index 1980 Q1=100 in April of 2025, according to the United States Federal Reserve. Historically, All-Transactions House Price Index for Florida reached a record high of 830.88000 in October of 2024 and a record low of 66.05000 in January of 1975. Trading Economics provides the current actual value, an historical data chart and related indicators for All-Transactions House Price Index for Florida - last updated from the United States Federal Reserve on December of 2025.

Graph and download economic data for Housing Inventory: Median Days on Market in Crestview-Fort Walton Beach-Destin, FL (CBSA) (MEDDAYONMAR18880) from Jul 2016 to Oct 2025 about Crestview, FL, median, and USA.

Graph and download economic data for All-Transactions House Price Index for Miami-Miami Beach-Kendall, FL (MSAD) (ATNHPIUS33124Q) from Q4 1975 to Q3 2025 about Miami, appraisers, FL, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Commercial Real Estate Prices for United States (COMREPUSQ159N) from Q1 2005 to Q1 2025 about real estate, commercial, rate, and USA.

D.R. Horton was the homebuilder with the highest gross revenue in the United States in 2024. The Texas-based company reached a homebuilding revenue of 33.83 billion U.S. dollars. It was closely followed by D.R. Horton, which had its headquarters in Florida and generated a revenue of 33.78 billion U.S. dollars. Challenges to the residential construction marketThe number of private housing units started fell around the time of the global financial crisis (2007-2009), but has since recovered – though not to the heights of 2006. The value of residential construction in the U.S. fell in 2023, but it is expected to start growing again in the next years.New home sales follow the same trend After a fall in the number of new houses sold in 2021 and 2022, home sales have increased again, with those figures in the U.S. expected to reach 683,000 in 2024. The number of single-family homes started has followed a similar trend, and it is expected to increase in the next couple of years.

The boutique hotel market in the United States is set to explode between 2025 and 2035, thanks in part to the increasing consumer friends for distinct, personalized, unique, and experiential travel lodging. A new generation of boutique hotels rose to meet this demand, with their thoughtful design, carefully curated experiences and prioritization of the destination’s culture.

Metric	Value
Market Size in 2025	USD 19.47 Billion
Projected Market Size in 2035	USD 31.42 Billion
CAGR (2025 to 2035)	4.9%

Region	CAGR (2025 to 2035)
California	5.2%

Region	CAGR (2025 to 2035)
New York	5.1%

Region	CAGR (2025 to 2035)
Texas	4.9%

Region	CAGR (2025 to 2035)
Florida	5.0%

Company/Organization Name	Estimated Market Share (%)
Kimpton Hotels & Restaurants	18-22%
The Standard Hotels	12-16%
Ace Hotel Group	10-14%
1 Hotels	8-12%
Nobu Hotels	5-9%
Other Boutique Hotel Brands & Independent Properties (combined)	30-40%

View monthly updates and historical trends for Case-Shiller Home Price Index: Tampa, FL. Source: Standard and Poor's. Track economic data with YCharts ana…

Graph and download economic data for All-Transactions House Price Index for Jacksonville, FL (MSA) (ATNHPIUS27260Q) from Q1 1978 to Q2 2025 about Jacksonville, appraisers, FL, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Orlando-Kissimmee-Sanford, FL (MSA) (ATNHPIUS36740Q) from Q2 1978 to Q3 2025 about Orlando, appraisers, FL, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for All-Transactions House Price Index for Tampa-St. Petersburg-Clearwater, FL (MSA) (ATNHPIUS45300Q) from Q2 1976 to Q4 2024 about Tampa, appraisers, FL, HPI, housing, price index, indexes, price, and USA.

Graph and download economic data for Monthly Supply of New Houses in the United States (MSACSR) from Jan 1963 to Aug 2025 about supplies, new, housing, and USA.