Graph and download economic data for Value Added by Industry: Finance, Insurance, Real Estate, Rental, and Leasing: Real Estate and Rental and Leasing as a Percentage of GDP (VAPGDPRL) from Q1 2005 to Q4 2024 about value added, financing, leases, insurance, rent, real estate, private industries, percent, private, industry, GDP, and USA.

Portugal, Canada, and the United States were the countries with the highest house price to income ratio in 2024. In all three countries, the index exceeded 130 index points, while the average for all OECD countries stood at 116.2 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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Residential Real Estate Market Size 2025-2029

The residential real estate market size is forecast to increase by USD 485.2 billion at a CAGR of 4.5% between 2024 and 2029.

The market is experiencing significant growth, fueled by increasing marketing initiatives that attract potential buyers and tenants. This trend is driven by the rising demand for housing solutions that cater to the evolving needs of consumers, particularly in urban areas. However, the market's growth trajectory is not without challenges. Regulatory uncertainty looms large, with changing policies and regulations posing a significant threat to market stability. Notably, innovative smart home technologies, such as voice-activated assistants and energy-efficient appliances, are gaining traction, offering enhanced convenience and sustainability for homeowners.
As such, companies seeking to capitalize on the opportunities presented by the growing the market must navigate these challenges with agility and foresight. The residential construction industry's expansion is driven by urbanization and the rising standard of living in emerging economies, including India, China, Thailand, Malaysia, and Indonesia. By staying abreast of regulatory changes and implementing innovative marketing strategies, they can effectively meet the evolving needs of consumers and maintain a competitive edge. These regulatory shifts can impact everything from property prices to financing options, making it crucial for market players to stay informed and adapt quickly.

What will be the Size of the Residential Real Estate Market during the forecast period?

Explore in-depth regional segment analysis with market size data - historical 2019-2023 and forecasts 2025-2029 - in the full report.
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In the dynamic housing market analysis, small flats continue to be a popular choice for both investors and first-time homebuyers, driven by affordability and urban growth. International investment in housing projects, including apartments and condominiums, remains strong, offering attractive investment returns. Real estate syndication and property management software facilitate efficient property ownership and management. Real estate loans, property insurance, and urban planning are essential components of the housing market, ensuring the development of affordable housing and addressing the needs of the middle class and upper middle class. Property disputes, property tax assessments, and real estate litigation are ongoing challenges, requiring careful attention from stakeholders.
Property search engines streamline the process of finding the perfect property, from studio apartments to luxury homes. Real estate auctions, land banking, and nano apartments are innovative solutions in the market, while property flipping and short sales provide opportunities for savvy investors. Urban growth and community development are key trends, with a focus on sustainable, planned cities and the integration of technology, such as real estate blockchain, into the industry. Developers secure building permits, review inspection reports, and manage escrow accounts during real estate transactions. Key services include contract negotiation, dispute resolution, and tailored investment strategies for portfolio management. Financial aspects cover tax implications, estate planning, retirement planning, taxdeferred exchanges, capital gains, tax deductions, and maintaining positive cash flow for sustained returns.

How is this Residential Real Estate Industry segmented?

The residential real estate industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.

Mode Of Booking

  Sales
  Rental or lease


Type

  Apartments and condominiums
  Landed houses and villas


Location

  Urban
  Suburban
  Rural


End-user

  Mid-range housing
  Affordable housing
  Luxury housing


Geography

  North America

    US
    Canada
    Mexico


  Europe

    France
    Germany
    UK


  APAC

    Australia
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Mode Of Booking Insights

The sales segment is estimated to witness significant growth during the forecast period. The sales segment dominates the global residential real estate market and will continue to dominate during the forecast period. The sales segment includes the sale of any property that is majorly used for residential purposes, such as single-family homes, condos, cooperatives, duplexes, townhouses, and multifamily residences. With the growing population and urbanization, the demand for homes is also increasing, which is the major factor driving the growth of the sales segment. Moreover, real estate firms work with developers to sel

Gross domestic product is the market value of goods and services produced by labor and property in the United States. The U.S. Bureau of Economic Analysis estimates GDP for each quarter and releases new statistics every month. Quarterly GDP data are seasonally adjusted at annual rates.

United States GDP: saar: Sector: Gross Housing Value Added data was reported at 1,929.051 USD bn in Jun 2018. This records an increase from the previous number of 1,902.987 USD bn for Mar 2018. United States GDP: saar: Sector: Gross Housing Value Added data is updated quarterly, averaging 264.308 USD bn from Mar 1947 (Median) to Jun 2018, with 286 observations. The data reached an all-time high of 1,929.051 USD bn in Jun 2018 and a record low of 11.730 USD bn in Mar 1947. United States GDP: saar: Sector: Gross Housing Value Added data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A012: NIPA 2018: GDP by Sector: Value Added: saar: Current Price.

The North America luxury residential real estate market is projected to reach [USD XX] by 2033, exhibiting a CAGR of 2.00% during the forecast period. The growth is attributed to increasing disposable incomes among the affluent population, rising urbanization, and the influence of global luxury brands and lifestyles. Furthermore, favorable government policies, such as tax incentives for first-time homebuyers, are bolstering demand. The market size in 2025 is estimated to be [USD XX]. The market is segmented based on type and geography. Villas and landed houses dominate the market, driven by the desire for privacy and exclusive living spaces. The United States accounts for the majority of the market share due to its large affluent population and robust economic growth. Mexico and Canada are also experiencing growth, fueled by increasing cross-border investments and the expansion of global luxury brands. The key market drivers include rising wealth inequality, the growing number of high-net-worth individuals, and the increasing popularity of luxury living experiences. However, factors such as affordability challenges and geopolitical uncertainties can restrain market expansion. Key drivers for this market are: Increase in GDP contribution from Construction Industry, Increase in Number of Building Permits. Potential restraints include: High Initial Investments. Notable trends are: Emergence of the Millennial Generation in USA.

United States GDP: 2012p: saar: Sector: Gross Housing Value Added data was reported at 1,643.648 USD bn in Jun 2018. This records an increase from the previous number of 1,635.317 USD bn for Mar 2018. United States GDP: 2012p: saar: Sector: Gross Housing Value Added data is updated quarterly, averaging 717.798 USD bn from Mar 1947 (Median) to Jun 2018, with 286 observations. The data reached an all-time high of 1,643.648 USD bn in Jun 2018 and a record low of 134.259 USD bn in Mar 1947. United States GDP: 2012p: saar: Sector: Gross Housing Value Added data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A013: NIPA 2018: GDP by Sector: Value Added: saar: 2012 Price: Chain Linked.

This filtered view presents Real Gross Domestic Product for the real estate and rental and leasing sector and its subsectors in the State of Iowa by year beginning in 1997.

Gross domestic product (GDP) is the measure of the market value of all final goods and services produced within Iowa in a particular period of time. In concept, an industry's GDP by state, referred to as its "value added", is equivalent to its gross output (sales or receipts and other operating income, commodity taxes, and inventory change) minus its intermediate inputs (consumption of goods and services purchased from other U.S. industries or imported). The Iowa GDP a state counterpart to the Nation's GDP, the Bureau's featured and most comprehensive measure of U.S. economic activity. Iowa GDP differs from national GDP for the following reasons: Iowa GDP excludes and national GDP includes the compensation of federal civilian and military personnel stationed abroad and government consumption of fixed capital for military structures located abroad and for military equipment, except office equipment; and Iowa GDP and national GDP have different revision schedules. GDP is reported in millions of current dollars.

Real GDP is an inflation-adjusted measure of Iowa's gross product that is based on national prices for the goods and services produced within Iowa. The real estimates of gross domestic product (GDP) are measured in millions of chained dollars, but have been multiplied by 1,000,000 to display in dollars for visualization purposes. Values are only accurate to the nearest $100,000.

On October 29, 1929, the U.S. experienced the most devastating stock market crash in it's history. The Wall Street Crash of 1929 set in motion the Great Depression, which lasted for twelve years and affected virtually all industrialized countries. In the United States, GDP fell to it's lowest recorded level of just 57 billion U.S dollars in 1933, before rising again shortly before the Second World War. After the war, GDP fluctuated, but it increased gradually until the Great Recession in 2008. Real GDP Real GDP allows us to compare GDP over time, by adjusting all figures for inflation. In this case, all numbers have been adjusted to the value of the US dollar in FY2012. While GDP rose every year between 1946 and 2008, when this is adjusted for inflation it can see that the real GDP dropped at least once in every decade except the 1960s and 2010s. The Great Recession Apart from the Great Depression, and immediately after WWII, there have been two times where both GDP and real GDP dropped together. The first was during the Great Recession, which lasted from December 2007 until June 2009 in the US, although its impact was felt for years after this. After the collapse of the financial sector in the US, the government famously bailed out some of the country's largest banking and lending institutions. Since recovery began in late 2009, US GDP has grown year-on-year, and reached 21.4 trillion dollars in 2019. The coronavirus pandemic and the associated lockdowns then saw GDP fall again, for the first time in a decade. As economic recovery from the pandemic has been compounded by supply chain issues, inflation, and rising global geopolitical instability, it remains to be seen what the future holds for the U.S. economy.

United States GDP: 2009p: saar: Sector: Gross Housing Value Added data was reported at 1,587.847 USD bn in Mar 2018. This records an increase from the previous number of 1,580.827 USD bn for Dec 2017. United States GDP: 2009p: saar: Sector: Gross Housing Value Added data is updated quarterly, averaging 690.788 USD bn from Mar 1947 (Median) to Mar 2018, with 285 observations. The data reached an all-time high of 1,587.847 USD bn in Mar 2018 and a record low of 126.931 USD bn in Mar 1947. United States GDP: 2009p: saar: Sector: Gross Housing Value Added data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s USA – Table US.A042: NIPA 2013: GDP by Sector: Value Added: Seasonally Adjusted at Annual Rates: 2009 Price: Chain Linked.

United States GDP: 2017p: saar: Sector: Gross Housing Value Added data was reported at 2,058.282 USD bn in Mar 2025. This records an increase from the previous number of 2,050.089 USD bn for Dec 2024. United States GDP: 2017p: saar: Sector: Gross Housing Value Added data is updated quarterly, averaging 916.192 USD bn from Mar 1947 (Median) to Mar 2025, with 313 observations. The data reached an all-time high of 2,058.282 USD bn in Mar 2025 and a record low of 153.384 USD bn in Mar 1947. United States GDP: 2017p: saar: Sector: Gross Housing Value Added data remains active status in CEIC and is reported by Bureau of Economic Analysis. The data is categorized under Global Database’s United States – Table US.A042: NIPA 2023: GDP by Sector: Value Added: Chain Linked 2017 Price: saar.

In 2024, the U.S. GDP increased from the previous year to about 29.18 trillion U.S. dollars. Gross domestic product (GDP) refers to the market value of all goods and services produced within a country. In 2024, the United States has the largest economy in the world. What is GDP? Gross domestic product is one of the most important indicators used to analyze the health of an economy. GDP is defined by the BEA as the market value of goods and services produced by labor and property in the United States, regardless of nationality. It is the primary measure of U.S. production. The OECD defines GDP as an aggregate measure of production equal to the sum of the gross values added of all resident, institutional units engaged in production (plus any taxes, and minus any subsidies, on products not included in the value of their outputs). GDP and national debt Although the United States had the highest Gross Domestic Product (GDP) in the world in 2022, this does not tell us much about the quality of life in any given country. GDP per capita at purchasing power parity (PPP) is an economic measurement that is thought to be a better method for comparing living standards across countries because it accounts for domestic inflation and variations in the cost of living. While the United States might have the largest economy, the country that ranked highest in terms of GDP at PPP was Luxembourg, amounting to around 141,333 international dollars per capita. Singapore, Ireland, and Qatar also ranked highly on the GDP PPP list, and the United States ranked 9th in 2022.

Series Name: Direct economic loss in the housing sector attributed to disasters (current United States dollars)Series Code: VC_DSR_HOLHRelease Version: 2021.Q2.G.03 This dataset is part of the Global SDG Indicator Database compiled through the UN System in preparation for the Secretary-General's annual report on Progress towards the Sustainable Development Goals.Indicator 1.5.2: Direct economic loss attributed to disasters in relation to global gross domestic product (GDP)Target 1.5: By 2030, build the resilience of the poor and those in vulnerable situations and reduce their exposure and vulnerability to climate-related extreme events and other economic, social and environmental shocks and disastersGoal 1: End poverty in all its forms everywhereFor more information on the compilation methodology of this dataset, see https://unstats.un.org/sdgs/metadata/

View economic output, reported as the nominal value of all new goods and services produced by labor and property located in the U.S.

U.S. spending on private construction continued to grow in 2024 and was over ***** times larger than construction spending in the public sector. Texas and California were at the top of the ranking when observing construction spending within the 50 U.S. states. According to a forecast, the value of U.S. construction put in place is expected to keep rising until 2025. Road construction spending: predicted to grow The value of road construction until 2026 was expected to reach the highest recorded values since 2005. However, data suggest that the United States still needs to catch up. When comparing infrastructure spending as share of GDP across various countries worldwide, the average spending of the United States was much lower than that of many other countries. How much have U.S. construction costs changed? Construction costs for housing varied significantly per city, with single-family homes in Honolulu, San Francisco and New York among the most expensive. During the past years, building costs grew in most of the U.S. big cities at a fast pace. Whilst there are many reasons why this occurred – supply and demand, or local zoning rules making it difficult to build – there is one that became especially noticeable in the past years: the prices of many important building materials went up significantly.