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.

D.R. Horton was the homebuilding company with the largest share of single-family home closings in the United States in 2023. The two largest U.S. homebuilders, D.R. Horton and Lennar Corp., accumulated 24.6 percent of the closings that took place throughout the whole country that year. The third company with the largest market share was PulteGroup, but it was at an important distance from the two leading firms.

The United States home construction market, valued at approximately $700 billion in 2025, is experiencing robust growth, projected to maintain a compound annual growth rate (CAGR) exceeding 3% through 2033. This expansion is fueled by several key factors. Firstly, a persistent housing shortage, particularly in desirable urban areas like New York City, Los Angeles, and San Francisco, continues to drive demand. Secondly, favorable demographic trends, including millennial household formation and an increasing preference for homeownership, are bolstering the sector. Furthermore, low interest rates (though this is subject to change depending on economic conditions) have historically made mortgages more accessible, stimulating construction activity. However, the market isn't without its challenges. Rising material costs, labor shortages, and supply chain disruptions continue to exert upward pressure on construction prices, potentially impacting affordability and slowing growth in certain segments. The market is segmented by dwelling type (apartments & condominiums, villas, other), construction type (new construction, renovation), and geographic location, with significant activity concentrated in major metropolitan areas. The dominance of large national builders like D.R. Horton, Lennar Corp, and PulteGroup highlights the industry's consolidation trend, while the growth of multi-family construction reflects shifting urban preferences. Looking ahead, the market's trajectory will depend on macroeconomic factors, interest rate fluctuations, government policies impacting housing affordability, and the ability of the industry to address supply-chain and labor challenges. Innovation in construction technologies, sustainable building practices, and prefabricated homes are also emerging trends expected to significantly influence market dynamics over the forecast period. The competitive landscape is characterized by a mix of large publicly traded companies and smaller regional builders. While established players dominate the market share, opportunities exist for smaller firms specializing in niche markets, such as sustainable or luxury home construction, or those focused on specific geographic areas. The ongoing expansion of the market signifies significant potential for investment and growth, despite the hurdles currently impacting the sector. Addressing supply chain disruptions and labor shortages will be crucial for sustained growth. Continued demand in key urban centers and evolving consumer preferences toward specific dwelling types will be critical factors determining the market's future trajectory. Recent developments include: June 2022 - Pulte Homes - a national brand of PulteGroup, Inc. - announced the opening of its newest Boston-area community, Woodland Hill. Offering 46 new construction single-family homes in the charming town of Grafton, the community is conveniently located near schools, dining, and entertainment, with the Massachusetts Bay Transportation Authority commuter rail less than a mile away. The collection of home designs at Woodland Hill includes three two-story floor plans, ranging in size from 3,013 to 4,019 sq. ft. with four to six bedrooms, 2.5-3.5 baths, and 2-3 car garages. These spacious home designs feature flexible living spaces, plenty of natural light, gas fireplaces, and the signature Pulte Planning Center®, a unique multi-use workstation perfect for homework or a family office., December 2022 - D.R. Horton, Inc. announced the acquisition of Riggins Custom Homes, one of the largest builders in Northwest Arkansas. The homebuilding assets of Riggins Custom Homes and related entities (Riggins) acquired include approximately 3,000 lots, 170 homes in inventory, and 173 homes in the sales order backlog. For the trailing twelve months ended November 30, 2022, Riggins closed 153 homes (USD 48 million in revenue) with an average home size of approximately 1,925 square feet and an average sales price of USD 313,600. D.R. Horton expects to pay approximately USD 107 million in cash for the purchase, and the Company plans to combine the Riggins operations with the current D.R. Horton platform in Northwest Arkansas.. Notable trends are: High-interest Rates are Negatively Impacting the Market.

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US Residential Construction Market Size 2025-2029

The US residential construction market size is forecast to increase by USD 242.9 million at a CAGR of 4.5% between 2024 and 2029.

The Residential Construction Market in the US is experiencing significant growth driven by increasing household formation rates and a rising focus on sustainability in new projects. According to the latest data, household formation is projected to continue growing at a steady pace, fueling the demand for new residential units. This trend is particularly evident in urban areas, where population growth and limited space for new development are driving up demand. Meanwhile, the emphasis on sustainability in residential construction is transforming the market landscape. With consumers increasingly prioritizing energy efficiency and eco-friendly features in their homes, builders and developers are responding by incorporating green technologies and sustainable materials into their projects.
This shift not only appeals to environmentally-conscious consumers but also offers long-term cost savings and regulatory compliance benefits. However, the market is not without challenges. Skilled labor shortages continue to pose a significant hurdle for large-scale residential real estate projects. The ongoing shortage of skilled laborers, including carpenters, electricians, and plumbers, is driving up labor costs and delaying project timelines. To mitigate this challenge, some builders are exploring alternative solutions, such as modular construction and automation, to streamline their operations and reduce their reliance on traditional labor sources. The Residential Construction Market in the US presents significant opportunities for companies seeking to capitalize on the growing demand for new housing units and the shift towards sustainability.
However, navigating the challenges of labor shortages and rising costs will require innovative solutions and strategic planning. By staying informed of market trends and adapting to evolving consumer preferences, companies can effectively position themselves for success in this dynamic market.

What will be the size of the US Residential Construction Market during the forecast period?

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The residential construction market in the United States continues to exhibit dynamic activity, driven by various economic factors. Housing supply remains a key focus, with ongoing discussions surrounding the affordable housing trend and efforts to increase inventory, particularly for single-family homes and new constructions. Mortgage and federal funds rates have an impact on residential investment, with fluctuations influencing buyer decisions and construction costs. The labor market plays a crucial role, as workforce availability and wages affect both housing starts and cancellation rates. Inflation and interest rates, monitored closely by the Federal Reserve, also shape the market's direction. Recession risks and economic conditions influence construction spending across various sectors, including multifamily and single-family homes.
Federal programs, such as housing choice vouchers and fair housing initiatives, continue to support home buyers and promote equitable housing opportunities. Building permits and housing starts serve as essential indicators of market health and future growth, with some sectors experiencing double-digit growth. Overall, the residential construction market in the US remains a significant economic driver, shaped by a complex interplay of economic, demographic, and policy factors.

How is this market segmented?

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

Product

  Apartments and condominiums
  Luxury Homes
  Other types


Type

  New construction
  Renovation


Application

  Single family
  Multi-family


Construction Material

  Wood-framed
  Concrete
  Steel
  Modular/Prefabricated


Geography

  US

By Product Insights

The apartments and condominiums segment is estimated to witness significant growth during the forecast period.

The residential construction market in the US is experiencing growth in both the apartment and condominium sectors, driven by the increasing trend toward urbanization and changing lifestyle preferences. Apartments, typically owned by property management companies, and condominiums, with individually owned units within a larger complex, contribute significantly to the market. The Federal Reserve's influence on the economy through the federal funds rate and mortgage rates impacts borrowing rates and home construction activity. The affordability of housing, particularly for younger generations, is a concern due to factors such as inflation, labor market conditions, and savings

Despite the pandemic's broader economic disruptions, low interest rates in 2020 initially fueled a housing market boom driven by work-from-home orders and a shift toward residential construction. This surge was a lifeline for builders amid economic turbulence. However, the tide turned in 2022 and 2023 as the Federal Reserve's interest rate hikes curbed housing investments, dampening consumer enthusiasm and slowing residential construction activity. Low housing stock and rate cuts late in 2024 led to growth in single-family housing starts, boosting revenue. Single-family home development climbed in more affordable and less densely populated areas in 2024, but new multifamily developments have plummeted. Industry revenue has been climbing at a CAGR of 0.8% over the past five years to total an estimated $233.5 billion in 2025, including an estimated increase of 0.2% in 2025 alone. The initial boom in 2020 and 2021 led to one of the most significant expansions in home-building in recent memory, yet interest rate hikes soon tempered this growth. As smaller-scale developers struggled with escalating construction costs and regulatory hurdles, larger, financially robust companies like DR Horton, Lennar and PulteGroup managed to thrive and expand their operations. These larger companies maximized their market share, leveraging their resources to navigate the challenging economic climate and maintain momentum despite the pressures of rising material costs and labor shortages. These rising material costs and labor shortages have driven up purchase and wage costs, contributing to profit declines over the past five years. Expected interest rate cuts will boost housing developers. Developers will benefit from these favorable conditions, especially those who strategically invest in less densely populated areas to meet the growing appetite for affordable housing. Rate cuts will also provide relief to smaller housing developers more sensitive to interest rate fluctuations. Sustainability also looms on the horizon, with tax incentives and energy-efficient building standards encouraging developers to explore eco-friendly construction. Still, rising material costs and labor shortages will continue to stifle profit growth and increase housing prices. Larger companies will continue to gain market share, strategically developing homes near areas with strong job growth near new large manufacturing facilities. Industry revenue is forecast to expand at a CAGR of 1.4% to total an estimated $250.6 billion through the end of 2030.

The US luxury residential market, a sector characterized by high-value properties like apartments, condominiums, villas, and landed houses, is experiencing robust growth. Driven by factors such as increasing high-net-worth individuals, a preference for larger living spaces, and a desire for premium amenities, the market exhibits a Compound Annual Growth Rate (CAGR) exceeding 3.00%. Key cities like New York, Los Angeles, San Francisco, Miami, and Washington D.C. dominate the market, attracting both domestic and international buyers. The segment encompassing apartments and condominiums currently holds the largest market share, reflecting a trend towards urban luxury living. However, the villas and landed houses segment is also demonstrating strong growth, fueled by demand for larger properties and privacy. The market faces constraints such as fluctuating interest rates, limited inventory in prime locations, and the overall economic climate. Nevertheless, the long-term outlook remains positive, with continued growth expected throughout the forecast period (2025-2033). Leading developers like Toll Brothers, D.R. Horton, and several high-end custom builders are actively shaping the market, contributing to the overall expansion and diversification of luxury housing options. This market's expansion is further influenced by evolving architectural trends emphasizing sustainability and smart-home technology. The increasing popularity of eco-friendly materials and designs, along with the integration of advanced technological features, is attracting environmentally conscious high-net-worth individuals. Furthermore, the market's regional distribution showcases a strong concentration in North America, particularly the United States, although international markets, including key regions in Europe and Asia, are also showing promising growth potential. The competitive landscape is dynamic, with both large national builders and smaller, specialized custom home builders vying for market share. This leads to innovative design and construction approaches, thereby enhancing the overall quality and appeal of luxury residential properties. Future growth will depend on maintaining a balance between catering to evolving consumer preferences, addressing market constraints, and adapting to broader economic conditions. This comprehensive report provides an in-depth analysis of the US luxury residential market, encompassing historical data (2019-2024), current estimations (2025), and future projections (2025-2033). We examine market dynamics, key players, emerging trends, and growth catalysts to offer a 360° perspective on this lucrative sector. The report is crucial for investors, developers, real estate professionals, and anyone seeking to understand the intricacies of the high-end residential landscape. High-value keywords used throughout the report include: luxury homes, luxury real estate, high-end residential, luxury condos, luxury apartments, prime real estate, US luxury housing market, luxury home builders, luxury real estate investment. Key drivers for this market are: Energy efficiency in construction, Flexibility and customization options. Potential restraints include: Limited availability of suitable land for construction, Lower quality compared to traditional construction. Notable trends are: Home Automation Becoming a Pre-requisite for Luxury Real Estate.

Between 2021 and 2022, Barratt Developments was the company with the largest housing turnover in the United Kingdom. Taylor Wimpey was the second company in the ranking, with a housebuilding revenue of *** billion British pounds. In fourth place, Bellway generated a revenue of *** billion British pounds in 2022. However, that only refers to the turnover that those companies generated from housing activities. What is the outlook for the UK's home construction market? Although housing construction was expected to stagnate in 2024, over the coming years the number of homes built is expected to rise at a quick pace. The projected growth of housing starts in the UK is anticipated to be **** percent higher in 2028 than in 2024. A rise in construction starts would be a good sign for the market, as there is a high demand for housing which, along with other factors, has fostered increasingly higher house prices in the UK during the past years. Who are the leading home builders in the U.S.? The market size of the home building industry in the United States is even bigger than in the UK. In 2023, Miami-based Lennar Corp. and the Texas-based D.R. Horton were the largest homebuilders in the U.S. with a revenue of over ** billion U.S. dollars. Other builders, such as PulteGroup, Toll Brothers, and NVR were also prominent players in the residential construction industry, with much higher revenue figures than their UK counterparts. The value of new residential construction in the U.S. rose significantly from 2019 to 2022 despite the COVID-19 pandemic, reaching about *** billion U.S. dollars. However, the market is expected to decrease until 2025, which could impact the revenues of these home builders.

US And Canada Residential Construction ERP Software Market size was valued at USD 353.65 Million in 2024 and is expected to reach USD 808.13 Million by the end of 2032 with a CAGR of 10.95% during the forecast period from 2026-2032.US And Canada Residential Construction ERP Software Market OverviewThe complexity involved in modern residential construction projects is one of the main drivers in the market today. Such complexity is characterized by innovative architectural designs, advanced building materials and technologies, stringent regulatory requirements, and the necessity for seamless integration among various stakeholders. This increasingly necessitates the use of software solutions that are robust and integrated in order to cope with complex workflows and allow visibility in real time along the project life cycle. Another critical factor going for ERP implementation has been the consistent requirement across the industry for improving efficiencies and productivity.

According to home builders, the construction costs comprise the largest share of the sales price of a single-family home, followed by the finishing lot cost. In 2024, these two categories accounted for about 80 percent of the final property price. The cost of finishing the lot as a share of all costs has decreased notably, falling by 10 percentage points since 1998. In 2024, the breakdown applies to a home with an average lot size of approximately 21,000 square feet, finished area of 2,647 square feet, and an average final sales price of 665,000 U.S. dollars. This is much higher than the median sales price of a newly built home according to the US Census Bureau, but the source explains that with the survey design, which gives more weigh to smaller builders who potentially operate in the higher priced-segment.

The United States manufactured homes market is experiencing robust growth, driven by increasing affordability concerns and a persistent housing shortage. With a Compound Annual Growth Rate (CAGR) exceeding 5% and a market size exceeding a billion dollars (estimating a market size based on typical CAGR and reported market values for similar sectors), the sector is poised for significant expansion between 2025 and 2033. Key market drivers include the rising demand for affordable housing options, particularly among first-time homebuyers and lower-income families, coupled with the relative speed and efficiency of manufactured home construction compared to traditional site-built homes. Furthermore, advancements in manufacturing techniques and design aesthetics are enhancing the appeal and perceived quality of manufactured homes, thereby attracting a broader range of buyers. The market is segmented into single-family and multi-family units, with single-family homes currently dominating the market share. Leading players such as Morton Buildings Inc., Skyline Champion Corporation, and others are continuously innovating to improve energy efficiency, incorporate smart home technology, and offer diverse customization options to cater to evolving consumer preferences. Despite the positive growth trajectory, challenges remain. These include fluctuating raw material costs, potential regulatory hurdles regarding building codes and zoning regulations, and the ongoing perception among some consumers that manufactured homes are inferior to site-built homes. Addressing these concerns through industry-wide efforts towards improved quality control, enhanced marketing strategies, and active lobbying for favorable regulatory changes will be crucial for sustaining the market's long-term growth. The increased adoption of sustainable building practices and the integration of technological advancements will also play a significant role in shaping the future of this dynamic market. The forecast period of 2025-2033 suggests continued expansion fueled by persistent housing needs and the increasing attractiveness of manufactured housing as a viable and affordable alternative. Recent developments include: July 2022: The Factory Expo Home Centers are situated at 12 Skyline Champion manufacturing plants around the United States. Champion Retail Housing, a subsidiary of Skyline Champion Corporation, agreed with Alta Cima Corporation to purchase the assets and take over the management of the Factory Expo Home Centers., May 2022: Champion Home Builders purchased nearly all of the operating assets of Manis Custom Builders Inc. and related companies (collectively, "Manis"), located in Laurinburg, NC, for about USD 10 million. This acquisition led to the addition of a 250,000 square foot campus in Laurinburg and Manis' retail location to its existing North Carolina campuses.. Key drivers for this market are: Increasing demand for prefab buildings, Surge in demand from residential segment. Potential restraints include: Lack of knowledge about modular building, Unreliability of modular building in earthquake-prone areas. Notable trends are: States in the US Spending the Most on Manufactured Housing.

Graph and download economic data for New Privately-Owned Housing Units Under Construction: Units in Buildings with 5 Units or More (UNDCON5MUSA) from Jan 1970 to May 2025 about 5-unit structures +, construction, new, private, housing, and USA.

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

The manufactured home wholesaling industry continues to provide practical solutions to the persisting housing affordability crisis, with manufactured homes delivering up to 50.0% cheaper housing per square foot compared to site-built residences. Factors such as efficient factory production, bulk purchasing of materials and streamlined labor processes contribute to the lower prices. Demand has significantly increased because of elevated mortgage rates and costly site-built homes, with manufactured home production rising 15.9% in 2024. Simultaneously, the shift in ownership from individual owners to larger institutional investors in Manufactured Housing Communities (MHCs) is modifying the customer dynamics for wholesalers. These investors demand higher quantities, standardization and sophisticated services, necessitating operational expansion and increased efficiency from wholesalers. Through the end of 2025, industry revenue has climbed at a CAGR of 4.2% to reach $45.3 billion in 2025, when revenue is set to gain 2.9%. As the elderly population continues to grow, so does demand for cost-effective housing appropriate for fixed-income households, like manufactured homes. The maintenance concerns associated with conventionally built homes are minimized in manufactured homes, attracting seniors who comprise about 40.0% of buyers. Critical industry reshaping regulatory changes introduced by the HUD and USDA, such as the postponed implementation of updated Manufactured Home Construction and Safety Standards (MHCSS) to September 2025, provide more extensive options for potential buyers, expand financing eligibility and enforce modernized safety and energy efficiency requirements. Through the five years to 2030, the industry will remain resilient and experience continued growth because of the persistent housing affordability crisis and the industry's adaptability to economic fluctuations. Product modernization and technological integration in manufactured homes will fuel expansion. These upgrades, in conformity with consumer preferences for comfort, connectivity, eco-conscious living and regulatory energy and safety standards, broaden the attractiveness to varied buyers. The accelerated demand for advanced glass products, a response to green building practices and stricter energy codes, necessitates that wholesalers ensure a consistent supply of innovative glass solutions. Overall, wholesalers should remain agile, cultivate relationships with institutional investors, maintain inventory quality and diversity and establish strategies to navigate the evolving regulatory landscape and consider buyer market trends. Industry revenue will gain at a CAGR of 2.7% to reach an estimated $51.6 billion in 2030.

The drastic need for apartments has led to an expansion for apartment and condominium construction contractors over the past five years. Still, changing interest rates have led to years of expansion and contractions for contractors. Overall, revenue has been increasing at a CAGR of 3.8% to total an estimated $91.8 billion through the end of 2025, including an estimated 2.2% increase in 2025. Low interest rates amid the pandemic led residential investment to swell, which included apartment complexes. As inflationary concerns and interest rate hikes lingered, many contractors delayed construction, leading to a contraction in 2023 as housing starts sank. Profit has risen slightly as materials price inflation has cooled and contractors have been able to adjust their rates, passing along higher prices to customers. This has also been a driver of revenue growth. Multifamily complexes are still very much needed as young professionals and immigrants move to major cities, leading to growth in 2025. Home prices are set to see slower growth in the coming years than in the previous five, causing a shift in the housing market back to homeownership. Also, continued rate cuts will incentivize home construction. Mortgage rates have remained stubbornly high in the face of cuts to the federal funds rate, however. Elevated mortgage rates will keep buying a house out of reach for many, pushing more people to rent. Apartment construction is set to continue to account for the growing population in the US. Affordable housing complexes remain crucial in many large cities and will be needed as more people enter. Rental vacancies will continue threatening contractors, as many consumers may split housing with roommates and fulfill current stock to save money. Overall, industry revenue is forecast to expand at a CAGR of 1.8% to total an estimated $100.5 billion through the end of 2030.

Housing Starts in the United States decreased to 1256 Thousand units in May from 1392 Thousand units in April of 2025. This dataset provides the latest reported value for - United States Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Like other Assessor and Recorder data sets from First American, BlackKnight, ATTOM or HouseCanary, we provide both residential real estate and commercial restate data on homes, properties and parcels nationally.

Over 60M parcels reflecting over 330M permits over the past 20 years.

This comprehensive dataset contains building permits issued in the United States, providing valuable insights into residential and commercial construction activities. With over millions of records covering millions of homes, this dataset offers a vast opportunity for analysis and business growth.

Includes permits from various states across the US

Covers residential and commercial construction activities

Insights:

Residential vs. Commercial: Analyze the distribution of permits by type (residential, commercial) to understand local market trends.

Construction Activity: Track permit issuance over time to identify patterns and fluctuations in construction activity.

Geographic Patterns: Examine the concentration of permits by state, county, or city to reveal regional development opportunities.

Potential Applications:

Contractors and Builders: Utilize this dataset to identify potential projects, estimate job values, and stay up-to-date on permit requirements.

Local Governments: Analyze building permit data to inform land-use planning, zoning regulations, and infrastructure development.

Investors and Developers: Explore the types of construction projects being undertaken in specific areas, enabling informed investment decisions.

Value Propositions:

Understand Current Home Condition: Gain insights into the current state of homes by analyzing building permit data, allowing you to:

Identify areas with high concentrations of permits

Determine the scope and type of work being performed

Infer the potential for improved home values

Lender Lead Generation: Use this dataset to identify potential refinance candidates based on improved homes, enabling lenders to:

Target homeowners who have invested in their properties

Offer tailored financial solutions to capitalize on increased property value

Contractor Lead Generation:

Solar installers can target neighbors of solar customers, increasing the chances of successful referrals and upselling opportunities.

Pool cleaners can target new pools, identifying potential customers for maintenance and cleaning services.

Roofing contractors can target homes with recent roofing permits, offering replacement or repair services to homeowners.

Home Service Providers:

Handyman services can target homes with permit records, offering a range of maintenance and repair services.

Appliance installers can target new kitchens and bathrooms, identifying potential customers for appliance installation and integration.

Real Estate Professionals:

Realtors can analyze permit data to understand local market trends, adjusting their sales strategies to capitalize on areas with high construction activity.

Property managers can identify potential investment opportunities, using permit data to evaluate the feasibility of investment projects.

Data Analysis Ideas:

Trend Analysis: Identify trends in permit issuance by type (residential, commercial), project size, or location to forecast future demand.

Geospatial Analysis: Visualize permit data on a map to analyze the concentration of construction activity and identify areas with high growth potential.

Correlation Analysis: Examine the relationship between permit issuance and local economic indicators (e.g., GDP, unemployment rates) to understand the impact of construction on the local economy.

Business Use Cases:

Market Research: Analyze permit data to inform business decisions about market trends, competition, and growth opportunities.

Risk Assessment: Identify areas with high concentrations of permits and potential risks (e.g., building code non-compliance) to adjust business strategies accordingly.

Investment Analysis: Use permit data to evaluate the feasibility of investment projects in specific regions or markets.

Data Visualization Ideas:

Interactive Maps: Create interactive maps to visualize permit concentration by location, type, and project size.

Permit Issuance Charts: Plot permit issuance over time to illustrate trends and fluctuations in construction activity.

Bar Charts by Category: Display the distribution of permits by category (e.g., residential, commercial) to highlight market trends.

Additional Ideas:

Combine with other datasets: Integrate building permit data with other sources (e.g., crime statistics, weather patterns) to gain a more comprehensive understanding of local conditions.

Analyze by demographic factors: Examine how permit issuance varies across different demographics (e.g., age, income level) to understand market preferences and behaviors.

Develop predictive models: Create statistical mo...

New Home Sales in the United States decreased to 623 Thousand units in May from 722 Thousand units in April of 2025. This dataset provides the latest reported value for - United States New Home Sales - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Building Inspectors industry evaluates a building's structure and component systems, workmanship and compliance with building standards and zoning laws. One of the industry's most significant revenue streams comes from homebuyers and sellers that hire inspectors to ensure the integrity of the house and that all regulations are met before sale. Other major markets include commercial building buyers, government agencies and parties involved in building construction. The industry benefited from a long period of low interest rates, with consumers encouraged to invest in large-item purchases, such as homes. These positive economic trends have enabled revenue to grow at a CAGR of 3.3% to an estimated $6.0 billion over the past five years. Profit, measured as earnings before interest and taxes, is expected to account for a 9.9% share of revenue in 2024. Rising per capita disposable income and low housing stock have bolstered demand for industry services as the homeownership rate continued to increase. The COVID-19 pandemic acted as a booster for the housing market, increasing demand for new and existing residential real estate while also expanding the number of housing starts across the broader marketplace, boosting demand for building inspectors. Nonetheless, these strong trends will slow down due to rising inflationary pressures and interest rates, making borrowing more difficult for consumers and dampening broader demand for real estate assets. These shifts will cause revenue to stagnate in 2024. Over the next five years, revenue is expected to inch upward at a CAGR of 0.5% to an estimated $6.2 billion. Higher interest rates, significant inflationary pressure and macroeconomic uncertainty will dampen residential consumers' propensity. Nonetheless, commercial real estate market improvements will help mitigate the decline in other markets, as corporations looking to reopen office spaces and expand their in-person presence following the COVID-19 pandemic will fuel industry demand. Additional economic trends influencing this development can be attributed to growth in corporate profit and the value of private nonresidential real estate. Nonetheless, a volatile consumer real estate market will dampen building inspection demand and depends on macroeconomic stability.

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Construction Management Software Market Size 2025-2029

The construction management software market size is forecast to increase by USD 6.66 billion at a CAGR of 9.6% between 2024 and 2029.

The market is experiencing significant growth due to the increasing demand for large-scale construction projects and the integration of estimation and accounting software for streamlined operations. This trend is particularly prominent in regions with a high concentration of construction activity, such as North America and Asia-Pacific. Field service management and business analytics tools are also key features driving market growth. However, the market faces challenges from open-source construction software platforms, which offer cost-effective alternatives to proprietary solutions. These open-source platforms may lack commercial offerings' advanced features and support, but they are gaining traction among small and medium-sized construction firms. To capitalize on market opportunities, companies should focus on providing value-added services, such as project management consulting and training, to differentiate themselves from competitors.
Additionally, investing in research and development to enhance construction management software's functionality and user experience will be crucial for long-term success. Furthermore, the Internet of Things (IoT) is transforming the industry by providing real-time data and automating various processes. By staying abreast of market trends and addressing the unique needs of construction firms, companies can navigate challenges and seize opportunities in this dynamic market.

What will be the Size of the Construction Management Software Market during the forecast period?

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The market encompasses a range of platforms designed to streamline and optimize various aspects of construction projects. These solutions cater to diverse sectors, including home builders, remodelers, specialty contractors, and general contractors, among others. Key features include budget management, communication tools, databases, and the ability to replace Excel spreadsheets. Market dynamics are driven by the growing need for efficient project planning, goal setting, and job scheduling. Cloud-based technology, automation, and open-source software are prominent trends, offering advantages such as reduced installation costs and ongoing maintenance requirements.
Construction professionals increasingly leverage business analytics tools, IoT integration, lean management principles, and project management platforms to enhance productivity and profitability. The market continues to expand, driven by the diverse needs of the construction industry and the ongoing digital transformation.

How is the Construction Management Software Industry segmented?

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

End-user

  Builders and constructors
  Construction managers
  Engineers and architects


Deployment

  Cloud-based
  On-premises


Geography

  North America

    US
    Canada


  Europe

    France
    Germany
    Italy
    Spain
    UK


  APAC

    China
    India
    Japan


  Middle East and Africa



  South America

By End-user Insights

The builders and constructors segment is estimated to witness significant growth during the forecast period.

Construction management software plays a crucial role in optimizing the construction process by facilitating efficient labor management, site event tracking, data capture, and cost control. By implementing this technology, constructors can enhance project profitability and productivity. Construction professionals, including builders, contractors, engineers, architects, and remodelers, rely on construction management software for pre-construction planning, budgeting, and project scheduling. The software also offers features such as real-time collaboration, document management, cost estimation, and resource allocation. Construction management software platforms enable the integration of business analytics tools, IoT, artificial intelligence, machine learning, predictive analytics, and data-driven insights. These advanced technologies offer enhanced project communication, safety and reporting, field service management, and digital transformation.

Furthermore, the software is available as cloud-based technology, making it accessible from anywhere, at any time. Geographical boundaries are no longer a constraint, as the software caters to commercial and residential projects, commercial buildings, sustainable development, and green commercial buildings. The software's ease of use and flexibility make it an essential tool for general contractors, specialty contractors, and sub-contractor

Construction project managers have benefitted from strong apartment and condominium construction growth. While interest rate hikes led to a temporary slowdown in this growth in 2022, multifamily construction remained resilient and benefitted construction project managers. Planned interest rate cuts in 2024 will continue to benefit project managers late. Industry revenue has been increasing at a CAGR of 2.3% over the past five years and is expected to total $296.1 billion in 2024, when revenue will climb by an estimated 1.5%. Profit has decreased amid rising labor fees despite strong growth. Surging street and highway construction activity has also been a crucial source of growth for project managers. The Infrastructure Investment and Jobs Act was a boon to construction project managers as these projects are often large-scale, requiring them. A late uptick in factory construction has also contributed to growth for construction project managers, spurred by the CHIPS and Science Act boosting domestic manufacturing. While commercial construction markets have endured headwinds, there have been bright spots. Ramping hotel construction activity has provided project managers an avenue of growth amid sluggish office building construction. The expanding US economy and stable demand for construction will benefit project managers. Expanding corporate profit will support rising private nonresidential construction, which construction project managers rely heavily on because of the large scope of these projects. Residential construction, particularly apartment and condominium construction, will continue to expand strongly alongside rate cuts and high home costs, benefitting project managers. Industry revenue is expected to expand at a CAGR of 1.9% to $326.1 billion through the end of 2029.