The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.
The number of U.S. home sales in the United States declined in 2023, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2023, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes are expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Only 15 percent of U.S. renters could afford to become homeowners and in metros with highly competitive housing markets such as Los Angeles, CA, and Urban Honolulu, HI, this share was below five percent. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 387,000 U.S. dollars in 2023 and was forecast to increase slightly until 2025. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.
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.
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La Rioja was the Spanish region where the pandemic impact on real estate prices was higher compared to the previous year, with a decrease of almost 16% in the last quarter of 2020. The only place in Spain where there was an increase in comparison with the pre-pandemic data was in the autonomous city of Melilla.
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Graph and download economic data for Median Sales Price of Houses Sold for the United States (MSPUS) from Q1 1963 to Q4 2024 about sales, median, housing, and USA.
Residential real estate transactions saw both a decline as well as an increase during the coronavirus pandemic in 2020, depending on the country. In Denmark, for example, property sales increased by over seven percent year-on-year in the second quarter of 2020. This was in stark contrast to the United Kingdom, where provisional and non-seasonal data suggested the country saw one of its largest drops in housing transactions since 2009. Some countries, on the other hand, already witnessed a decrease in their transactions before COVID-19 hit Europe. The housing trade inFrance, for example, suffered a large decrease in the first quarter of 2020, right before quarantine measures were enforced. Data for Germany, on the other hand, suggested that its housing market was still growing before the lockdown. Whether this was still the case in 2020 remains to be seen.
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 U.S. multifamily sector is expected to see a record-high value of maturing debt in 2024, most of which attributable to the period during the pandemic. Liquidity soared during the pandemic, leading to an increase in investment in the multifamily market. In 2024, 105 billion U.S. dollars in debt that was issued during that period is expected to mature.
Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2023. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 117.5 index points. The index measures the development of housing affordability and is calculated by dividing nominal house price by nominal disposable income per head, with 2015 set as a base year when the index amounted to 100. An index value of 120, for example, would mean that house price growth has outpaced income growth by 20 percent since 2015. How have house prices worldwide changed since the COVID-19 pandemic? House prices started to rise gradually after the global financial crisis (2007–2008), but this trend accelerated with the pandemic. The countries with advanced economies, which usually have mature housing markets, experienced stronger growth than countries with emerging economies. Real house price growth (accounting for inflation) peaked in 2022 and has since lost some of the gain. Although, many countries experienced a decline in house prices, the global house price index shows that property prices in 2023 were still substantially higher than before COVID-19. Renting vs. buying In the past, house prices have grown faster than rents. However, the home affordability has been declining notably, with a direct impact on rental prices. As people struggle to buy a property of their own, they often turn to rental accommodation. This has resulted in a growing demand for rental apartments and soaring rental prices.
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According to Cognitive Market Research, the global Tiny House market size will be USD 5814.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 2325.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 1744.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1337.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 290.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 116.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
The Mobile Tiny Homes is the fastest growing segment of the Tiny House industry
Market Dynamics of Tiny House Market
Key Drivers for Tiny House Market
Increasing Affordability to Boost Market Growth
Tiny houses provide a more affordable housing solution compared to conventional houses, mainly in high-price markets. Their smaller size leads to decreased construction and upkeep expenses, making homeownership accessible for people and households on tight budgets. The minimalist lifestyle related to tiny dwellings encourages financial freedom, permitting house owners to allocate their budget towards stories or financial savings as opposed to mortgage bills. Additionally, many tiny house designs include sustainable materials and energy-green features, further decreasing long-term charges. As the housing market continues to push upward, tiny homes are a realistic choice for the ones looking for low-priced and sustainable dwellings.
Expansion of Sustainability to Drive Market Growth
The tiny house motion embodies a commitment to environmental sustainability, addressing growing worries about resource intake and carbon footprints. Tiny houses usually utilize green materials, which include reclaimed timber and recycled merchandise, minimizing waste all through creation. Their smaller length inherently reduces power consumption, with many designs incorporating energy-efficient features like sun panels, composting toilets, and awesome insulation. Additionally, many tiny houses promote off-grid dwellings, enabling homeowners to depend on renewable strength sources and decrease dependency on conventional utilities. By prioritizing sustainable practices, the tiny house movement now not only fosters an easier way of life but also encourages a healthier planet for future generations.
Restraint Factor for the Tiny House Market
Regulatory Challenges, will Limit Market Growth
Tiny homes face substantial regulatory challenges due to varying building codes and zoning policies across jurisdictions. These discrepancies can complicate the allowing technique, making it difficult for potential proprietors to set up their houses legally. In a few regions, tiny houses on wheels can be categorized as recreational cars rather than permanent dwellings, restricting where they may be parked or inhabited. Additionally, certain municipalities may mandate that tiny houses be placed on everlasting foundations, similarly complicating their production. These regulatory hurdles can discourage individuals from embracing the tiny house motion, highlighting the need for updated guidelines that assist opportunity housing solutions.
Impact of Covid-19 on the Tiny House Market
The COVID-19 pandemic drastically impacted the tiny house marketplace, using a surge in interest as people sought low-priced, flexible housing answers amidst financial uncertainty. With faraway paintings turning into more ordinary, many people started to prioritize a minimalist lifestyle, mainly due to multiplied calls for tiny homes. Additionally, the choice for self-sufficiency and stale-grid dwelling received traction, encouraging extra customers to explore sustainable housing alternatives. However, deliver chain disruptions affected creation timelines and fabric availability, posing challenges for developer...
The Commercial Real Estate (CRE) industry is exhibiting significant variations across markets, with persistently high office vacancy rates juxtaposed against thriving prime office spaces. Hard hit by the widespread adoption of remote and hybrid work models, the overall office vacancy rate rose to 20.4% in Q4 2024 from the pre-pandemic rate of 16.8%. However, leasing volumes for prime office spaces are set to climb, providing opportunities for seasoned investors. On the other hand, the multifamily sector is gaining from a prominent move towards renting, primarily driven by housing affordability concerns and changing lifestyle preferences. This has increased demand for multifamily properties and opportunities to convert underutilized properties, such as offices, into residential rentals. The industrial real estate segment is also evolving, with the boom in e-commerce necessitating the development of strategically located warehouses for quick fulfillment and last-mile delivery. Industry revenue has gained at a CAGR of 0.8% to reach $1.4 trillion through the end of 2025, including a 0.4% climb in 2025 alone. The industry is grappling with multiple challenges, including high interest rates, wide buyer-seller expectation gaps and significant disparities in demand across different geographies and asset types. The Federal Reserve's persistent high-interest-rate environment creates refinancing hurdles for properties purchased during the low-rate period of 2020-2021. Because of remote working trends, office delinquency rates are predicted to climb from 11.0% in late 2024 to 14.0% by 2026, leading to a job market increasingly concentrated in certain urban centers. Through the end of 2030, the CRE industry is expected to stabilize as the construction pipeline shrinks, reducing new supply and, in turn, rebalancing supply and demand dynamics. With this adjustment, occupancy rates are likely to improve, and rents may observe gradual growth. The data center segment is set to witness accelerating demand propelled by the rapid expansion of artificial intelligence, cloud computing and the Internet of Things. Likewise, mixed-use properties are poised to gain popularity, driven by the growing appeal of flexible spaces that accommodate diverse businesses and residents. This new demand, coupled with the retiring baby boomer generation's preference for leisure-centric locales, is expected to push the transformation of traditional shopping plazas towards destination centers, offering continued opportunities for savvy CRE investors. Industry revenue will expand at a CAGR of 1.9% to reach $1.6 trillion in 2030.
In 2020, 30 percent of U.S. homeowners who bought during the COVID-19 pandemic said that due to financial reasons they should've waited to purchase home. On the other hand, about 43 percent of Americans stated that they made the right decision to become a homeowner during the coronavirus pandemic.
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City staff and community partners work together to survey people experiencing homelessness in Ottawa. So far, the City has led two counts:April 2018October 2021Oct 2024The survey is conducted to gather information about people experiencing homelessness. The goal of this work is to guide new approaches to address homelessness at a local level and help in the planning and delivery of services.Date created: 28 April 2022Update frequency: As needed.Accuracy: Convenience sampling was used to recruit survey respondents. This method of recruiting respondents to answer the survey does not rely on a random selection process. Instead, surveyors approach potential respondents if they are close by at the time the surveyor is delivering the questionnaire. Many factors could determine participation in the survey including:Number of community partners involved in the PiT countLocation of surveyors and their physical proximity to potential respondentsNumber of engagement eventsSeason the survey was conductedDifferences in results between PiT count years may be due to changes within the homeless population and shifts in methodology. For comparisons of emergency shelter use over time, visit the Temporary Emergency Accommodations Dashboard. An analysis of factors related to housing and homelessness during COVID-19 provides context for unique housing market conditions during the pandemic.Results shown in the Survey results: Point-in-Time count dashboard are presented by sector. The name and definition of each sector are below:All: All respondents who answered the surveySingle adult: Respondents aged 25 years or older and not accompanied by anyoneUnaccompanied youth: Respondents under 25 years old and not accompanied by anyoneFamily: Respondents accompanied by children under 18 years oldAttributes:Question: The question that was asked in the surveyTopic: The classification of the survey question by themSector: Refers to the population (total, family, unaccompanied youth, single adults)Period: Month the Point-in-Time count was conductedResponse: Response category of the survey questionNumeratorDenominatorPercentage Author: Housing ServicesAuthor email: pitcount_denombrementponctuel@ottawa.ca
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According to Cognitive Market Research, the global Container Homes market size will be USD 62514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 7.00% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 25005.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 18754.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 14378.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 9.0% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 3125.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.4% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 1250.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.7% from 2024 to 2031.
The Sustainable, eco-friendly designs and modular units category is the fastest growing segment of the Container Homes industry
Market Dynamics of Container Homes Market
Key Drivers for Container Homes Market
Container homes offer cost-effective alternatives to traditional housing options to Boost Market Growth
The market for container homes has seen significant growth, driven by various key factors and influenced by some restraints. Container homes offer an affordable housing solution compared to traditional homes, which is one of the most significant drivers. Cost savings are due to using recycled shipping containers, which reduces material costs. This makes it an attractive option for individuals seeking affordable housing or countries with limited access to traditional construction materials. Despite the benefits, container homes often face regulatory hurdles due to building codes and zoning laws. Many regions still have restrictive rules that make it difficult to build container homes without significant modifications or approvals. These legal barriers can slow the growth of the market. The container home market is experiencing growth due to its cost-effectiveness, sustainability, and quick construction times, making it an attractive alternative to traditional housing. However, it faces regulatory hurdles, financing difficulties, and climate control concerns, which could slow down its wider adoption.
Recycled materials and minimal environmental impact attract eco-conscious consumers
The growing demand for recycled materials is driven by increasing consumer awareness of environmental sustainability. Eco-conscious consumers prefer products that reduce waste and promote a circular economy. The minimal environmental impact of recycled materials aligns with efforts to reduce carbon footprints and conserve natural resources. As industries adopt greener practices, eco-friendly alternatives, such as recycled plastics, metals, and paper, attract environmentally-conscious buyers, influencing product choices and enhancing market growth for sustainable goods.
Restraint Factor for the Container Homes Market
Container homes require significant upfront investment for construction
The substantial initial outlay needed for the building is a major barrier to the market for container homes. This covers the price of buying and modifying containers, obtaining licenses, and ensuring that construction codes are followed. The cost may also be increased by expenditures for plumbing, electrical, finishing, and insulation. Although container homes can save money over time, the high initial cost may put off prospective investors or buyers, preventing the industry from expanding widely.
Impact of Covid-19 on the Container Homes Market
The COVID-19 pandemic significantly impacted the container homes market by increasing demand for affordable, flexible, and autonomous housing solutions. Lockdowns and remote work trends prompted a shift towards alternative living options. Container homes, offering mobility, low construction costs, and environmental sustainability, became appealing. However, supply chain disruptions and labor shortages initially hindered production. As the economy recovers, container homes continue to gain traction as a solution for hous...
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According to Cognitive Market Research, the global Logistics Real Estate market size will be USD 101254.2 million in 2024. It will expand at a compound annual growth rate (CAGR) of 6.20% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 40501.68 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.4% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 30376.26 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 23288.47 million in 2024 and will grow at a compound annual growth rate (CAGR) of 8.2% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 5062.71 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.6% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 2025.08 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.9% from 2024 to 2031.
The Warehouses is the fastest growing segment of the Logistics Real Estate industry
Market Dynamics of Logistics Real Estate Market
Key Drivers for Logistics Real Estate Market
E-commerce Boom to Boost Market Growth
The fast upward push of e-trade has considerably extended demand for Logistics Real Estate. As online outlets increase their operations to satisfy client expectations for brief and efficient delivery, the need for added warehousing area has ended up crucial. This surge in calls drives investments in logistics centers, allowing retailers to keep larger inventories and streamline distribution tactics. Consequently, the logistics real estate area is experiencing a sturdy boom, characterized by the development of modern warehouses prepared by superior generations. This trend highlights the important function of logistics in assisting the evolving panorama of online retail and making sure of timely product shipping.
Supply Chain Optimization to Drive Market Growth
Companies are prioritizing delivery chain optimization to decrease fees and enhance operational performance. This fashion is driving investments in present-day logistics facilities, which can be strategically located to facilitate faster distribution and higher accessibility to key markets. These facilities are frequently equipped with the advanced era, inclusive of automation, actual-time monitoring structures, and facts analytics tools, allowing groups to streamline their strategies, improve inventory management, and respond rapidly to market needs. By optimizing their supply chains through those investments, groups can attain extra agility, lessen lead times, and ultimately enhance customer satisfaction in a more and more competitive landscape.
Restraint Factor for the Logistics Real Estate Market
Land Availability and Costs, will Limit Market Growth
The availability of appropriate land for logistics development, especially in urban areas, provides massive challenges. As e-commerce and supply chain needs grow, the competition for restrained land intensifies, leading to better prices, which can avoid marketplace growth. Urban locations are especially admired for their proximity to clients. However, zoning policies and current infrastructure constraints often complicate the acquisition technique. This scarcity no longer drives up expenses for builders but additionally influences the overall logistics quarter's capacity to amplify and meet rising demand successfully. Consequently, corporations have to navigate those challenges to secure strategic locations for their operations.
Impact of Covid-19 on the Logistics Real Estate Market
The COVID-19 pandemic had a profound effect on the Logistics Real Estate market. As e-trade surged due to lockdowns and social distancing measures, calls for logistics centers skyrocketed, prompting corporations to invest in warehousing and distribution facilities to satisfy multiplied online shopping needs. Conversely, some sectors confronted temporary disruptions main to an initial slowdown in new traits. Supply chain challenges, which include delays and rising fabric costs, also emerged. However, the long-term outlook stays tremendous, with companies spotting the importance of strong logistics networks, in the long run...
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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The US Hospitality Commercial Real Estate market, exhibiting a CAGR exceeding 5.50%, presents a robust investment landscape. The market's substantial size (estimated at $XXX million in 2025, based on extrapolated data and industry benchmarks for similar markets) is driven by several key factors. Increased domestic and international tourism, a growing preference for experiential travel, and the expansion of the leisure and business travel segments contribute to heightened demand for hotel accommodations, resorts, and related properties. Further propelling growth are ongoing investments in property renovations and upgrades, the rise of boutique hotels and unique hospitality experiences catering to diverse traveler preferences, and the increasing adoption of technology for enhanced guest services and operational efficiency. However, challenges exist, including the ongoing impacts of inflation on construction costs, potential labor shortages impacting operational efficiency, and the cyclical nature of the hospitality industry's susceptibility to economic downturns. The market is segmented into Hotels and Accommodation, Spas and Resorts, and Other Property Types, with Hotels and Accommodation currently dominating market share. Key players like Marriott International, Hilton Worldwide Holdings Inc., and Wyndham Hotel Group are actively shaping the market through strategic acquisitions, expansions, and brand diversification. The US market, within the broader North American region, is a major contributor to overall market revenue, reflecting its established tourism infrastructure and strong economic performance. The forecast period of 2025-2033 anticipates continued market expansion, albeit potentially at a moderated pace compared to the historical period (2019-2024). This moderation reflects a potential leveling-off of post-pandemic recovery and anticipated economic adjustments. Nevertheless, long-term growth prospects remain positive, underpinned by sustained infrastructure development, a growing middle class with increased disposable income, and the ongoing evolution of the hospitality industry's offerings to meet evolving consumer demands. Successful navigation of the aforementioned challenges—inflation, labor constraints, and economic volatility—will be crucial for sustained, profitable growth within this dynamic sector. Geographical expansion within the US itself and increased penetration into under-served markets will also be key strategic elements for market players. This comprehensive report provides a detailed analysis of the US hospitality commercial real estate market, covering the period from 2019 to 2033. With a focus on key market segments, including hotels and accommodation, spas and resorts, and other property types, this study offers valuable insights for investors, developers, and industry professionals seeking to navigate this dynamic sector. The report utilizes data from the historical period (2019-2024), considers the base year (2025), and provides detailed forecasts for 2025-2033. This in-depth analysis delves into market concentration, competitive landscapes, emerging trends, and growth catalysts, providing a holistic understanding of the US hospitality commercial real estate market. Notable trends are: Increase in Number of Hotels.
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Graph and download economic data for All-Transactions House Price Index for Baltimore city, MD (ATNHPIUS24510A) from 1975 to 2024 about Baltimore City, MD; Baltimore; MD; HPI; housing; price index; indexes; price; and USA.
The average sales price of new homes in the United States experienced a slight decrease in 2024, dropping to 512,2000 U.S. dollars from the peak of 521,500 U.S. dollars in 2022. This decline came after years of substantial price increases, with the average price surpassing 400,000 U.S. dollars for the first time in 2021. The recent cooling in the housing market reflects broader economic trends and changing consumer sentiment towards homeownership. Factors influencing home prices and affordability The rapid rise in home prices over the past few years has been driven by several factors, including historically low mortgage rates and increased demand during the COVID-19 pandemic. However, the market has since slowed down, with the number of home sales declining by over two million between 2021 and 2023. This decline can be attributed to rising mortgage rates and decreased affordability. The Housing Affordability Index hit a record low of 98.1 in 2023, indicating that the median-income family could no longer afford a median-priced home. Future outlook for the housing market Despite the recent cooling, experts forecast a potential recovery in the coming years. The Freddie Mac House Price Index showed a growth of 6.5 percent in 2023, which is still above the long-term average of 4.4 percent since 1990. However, homebuyer sentiment remains low across all age groups, with people aged 45 to 64 expressing the most pessimistic outlook. The median sales price of existing homes is expected to increase slightly until 2025, suggesting that affordability challenges may persist in the near future.