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 **** 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 Lifestory Research 2026 America’s Most Trusted® Home Builder Study surveys new home shoppers in the largest U.S. housing markets to rank the 20 largest home builders based on trust. In the 2026 study, Taylor Morrison Homes was rated by home shoppers as the most trusted home builder with a Net Trust Quotient Score of 115.7 based on 62,596 opinions from people actively shopping for a new home.

Most of the new housing permits for privately owned projects in the United States in 2023 were either single-family buildings. Nevertheless, the number of permits for multifamily construction projects with 5 housing units or more has risen significantly in the past decade. The south of the United States was the region where the highest number of single-family building permits were issued.

snapshot-tab-pane US Residential Construction Market Size 2026-2030The us residential construction market size is valued to increase by USD 331.7 million, at a CAGR of 5.7% from 2025 to 2030. Increasing household formation rates will drive the us residential construction market.Major Market Trends & InsightsBy Product - Apartments and condominiums segment was valued at USD 580.9 million in 2024By Type - New construction segment accounted for the largest market revenue share in 2024Market Size & ForecastMarket Opportunities: USD 517 millionMarket Future Opportunities: USD 331.7 millionCAGR from 2025 to 2030 : 5.7%Market SummaryThe residential construction market in US is undergoing a significant transformation, driven by demographic shifts and technological advancements. A primary catalyst is strong household formation rates, which sustain demand for various housing types, from single-family homes to high-density urban living solutions.Concurrently, a major trend is the focus on sustainability, with builders adopting energy-efficient systems and materials like low-emission concrete to meet stricter building code compliance. However, the industry grapples with persistent skilled labor shortages and supply chain constraints, which put pressure on cost control methods and project timelines.In a typical business scenario, a large developer utilizes building information modeling for real-time project monitoring. This allows for optimized land acquisition strategies and improved construction quality control, helping to mitigate the impact of labor scarcity by integrating prefabricated components and automated framing technologies.This strategic adoption of technology not only enhances structural performance improvement but also ensures the timely delivery of new construction projects, from master-planned communities to custom home building, thereby maintaining a competitive edge in a dynamic market environment. The evolution toward modular housing solutions and off-site fabrication further underscores the industry's response to modern operational challenges.What will be the Size of the US Residential Construction Market during the forecast period? Get Key Insights on Market Forecast (PDF) Request Free SampleHow is the US Residential Construction Market Segmented?The us residential construction industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2026-2030, as well as historical data from 2020-2024 for the following segments.ProductApartments and condominiumsVillasOthersTypeNew constructionRenovationApplicationSingle familyMulti-familyGeographyNorth AmericaUSBy Product InsightsThe apartments and condominiums segment is estimated to witness significant growth during the forecast period.The residential construction market's segmentation reflects a pivot toward higher-density living solutions. The apartments and condominiums segment is expanding, driven by sustained urban development and the need for efficient land use.These multi-family developments cater to diverse demographics, including first-time buyers and those seeking low-maintenance lifestyles near employment centers. The segment includes luxury condominiums and high-rise developments, often integrated into mixed-use developments with retail and commercial spaces.Effective construction project management and adept zoning navigation are critical for success, with developers focusing on modular techniques to improve cost control methods.This approach to high-density urban living, which also includes attached homes and townhomes, has enabled builders to reduce project delivery timelines by over 10% in complex metropolitan areas. Request Free SampleThe Apartments and condominiums segment was valued at USD 580.9 million in 2024 and showed a gradual increase during the forecast period. Request Free SampleMarket DynamicsOur researchers analyzed the data with 2025 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.Navigating the complexities of the modern housing market requires a deep understanding of evolving construction methodologies and their financial implications. The use of prefabricated components in residential construction is becoming a cornerstone of strategies aimed at enhancing efficiency and predictability.This approach directly addresses the financial strain caused by market challenges, with developers analyzing the impact of skilled labor shortages on costs. Firms that integrate off-site manufacturing report a significant reduction in on-site labor hours compared to traditional site-built projects, sometimes achieving a 30% f

New home construction output in the U.S. private sector increased in 2024. Meanwhile, 2022 was the third year of strong growth in a row, with private residential construction reaching a value of 923 billion U.S. dollars. Those trends are also reflected in the number of housing units authorized by building permits, which shows the number of projects that were approved and ready to start.

Subcontractor delays were the number one challenge for ********* of respondents, according to a 2023 survey among home builders in the United States. Client selections decisions emerged as the second-biggest issue, according to almost ** percent of the respondents.

Housing developers are navigating a housing market that’s showing flickers of recovery but little sustained momentum. Single‑family starts bounced in 2024 as builders responded to tight inventory and buyers’ renewed interest in more affordable, lower‑density areas, but that rebound faded as higher-for-longer rates and economic uncertainty set in during 2025. Multifamily construction has whipsawed, plunging in 2023 and 2024 before stabilizing as renters returned, while developers have grappled with escalating labor and materials costs that’ve squeezed profit despite firm pricing. At the same time, structural headwinds, from a shrinking pool of first‑time buyers to a shake‑out among smaller builders, are reshaping who can compete in a capital‑intensive, volatile market. Overall, industry revenue has been increasing at a CAGR of 2.6% over the past five years to total an estimated $326.8 billion in 2026, including an estimated decrease of 0.4% in 2026. After housing starts peaked in 2021, rising mortgage rates, stubborn inflation and worsening affordability drove consecutive annual declines in 2022 and 2023 before single‑family construction finally rose again in 2024. Multifamily builders front‑loaded supply in 2021 and 2022, leaving a glut that depressed starts in 2023 and 2024. Meanwhile, first‑time buyers’ share sank to a record 21.0% and the median first‑time buyer age climbed to 40 from July 2024 to July 2025, underscoring how affordability barriers have delayed household formation and limited entry‑level demand. Smaller developers have been squeezed hardest, with elevated borrowing costs and thinner profit driving a gradual contraction in developer counts. Looking ahead, the next five years are likely to bring cautious, uneven growth rather than a boom. The housing price index is expected to keep rising at a CAGR of 1.5% from 2026 to 2031, maintaining pressure on stretched buyers even as rates drift lower. That backdrop will likely favor single‑family attached product, which offers a cheaper path to ownership through smaller lots and shared infrastructure and is poised to grab a larger share of industry revenue as affordability stays strained. Developers will continue to battle high labor costs and tariffs on key inputs like lumber, steel and aluminum. Larger, well‑capitalized builders are set to consolidate more market share as they better absorb costs, navigate credit markets and pivot product mix to where demand and pricing power remain strongest. Overall, industry revenue is forecast to climb at a CAGR of 1.5% to total an estimated $351.4 billion through the end of 2031.

Discover the booming US luxury residential market! Explore key trends, growth drivers, leading developers, and regional insights for the 2025-2033 forecast period. Learn about luxury apartments, villas, and landed houses in major US cities. 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.

United States And Canada Residential Construction ERP Software Market size was valued at USD 353.65 Billion in 2024 and is projected to reach USD 808.13 Billion by 2032, growing at a CAGR of 10.95% from 2026 to 2032.United States And Canada Residential Construction ERP Software Market DriversIncreasing Complexity of Construction Projects: The market is driven by the Increasing Complexity of Residential Construction Projects, particularly in customizing homes and managing multi-unit developments. Rising complexity necessitates seamless multi-stakeholder coordination among architects, subcontractors, suppliers, and home buyers. ERP systems provide the integrated platform required for centralized data management, real-time visibility into schedules, and accurate documentation.Focus on Cost Control and Profit Margin Optimization: Intense market competition and Volatile Material Prices and Labor Costs in the United States and Canada make the Focus on Cost Control and Profit Margin Optimization a critical driver. Residential builders urgently need ERP solutions to enable accurate job costing, real-time budget tracking, and predictive financial analysis.

United States RMI: sa: CM: Large Remodeling Projects data was reported at 69.000 Point in Dec 2025. This records an increase from the previous number of 64.000 Point for Sep 2025. United States RMI: sa: CM: Large Remodeling Projects data is updated quarterly, averaging 74.000 Point from Mar 2020 (Median) to Dec 2025, with 24 observations. The data reached an all-time high of 89.000 Point in Jun 2021 and a record low of 52.000 Point in Mar 2020. United States RMI: sa: CM: Large Remodeling Projects data remains active status in CEIC and is reported by National Association of Home Builders. The data is categorized under Global Database’s United States – Table US.EB: NAHB/Westlake Royal Remodeling Market Index.

Housing Starts in the United States increased to 1487 Thousand units in January from 1387 Thousand units in December 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.

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.

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United States RMI: Midwest: CM: Large Remodeling Projects data was reported at 53.000 Point in Mar 2020. United States RMI: Midwest: CM: Large Remodeling Projects data is updated quarterly, averaging 53.000 Point from Mar 2020 (Median) to Mar 2020, with 1 observations. United States RMI: Midwest: CM: Large Remodeling Projects data remains active status in CEIC and is reported by National Association of Home Builders. The data is categorized under Global Database’s United States – Table US.EB067: Remodelling Market Index (New Methodology).

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Carpenters have spent the past few years navigating a paradoxical market: demand that’s solid but uneven and a workforce that’s steadily thinning. The Home Builders Institute’s Spring 2023 report found 90.0% of single‑family builders reporting carpenter shortages, even as new housing construction stayed subdued, highlighting a chronic skills gap rather than a cyclical blip. At the same time, falling lumber and wood product costs since their 2021 and 2022 peaks have quietly aided profitability, offsetting some of the inflationary pressure from rising wages and other inputs. Commercial and institutional work, particularly in food service, retail, education and healthcare, has also helped fill gaps left by weaker office and ground‑up residential building, keeping many carpenters busy across a diversified project mix. Industry revenue has been increasing at a CAGR of 2.5% over the past five years to total an estimated $63.5 billion in 2026, including an estimated decrease of 0.3% in 2026. Over the past five years, this combination of tight labor and shifting demand has reshaped how carpenters earn. Limited availability has pushed up bid prices and wage rates, lifting revenue per carpenter even as the total number of workers is forecast to shrink at a 0.9% CAGR from 2021 to 2026. Finish carpentry has been both a bright spot and a pressure point: homeowners and businesses have continued to invest in interior upgrades, windows and retrofits, but DIY activity and substitutes such as vinyl flooring and stone countertops have eroded some traditional wood‑based work. Persistent labor shortages, ABC estimates construction will need 349,000 extra workers in 2026 and 456,000 in 2027, suggesting wages and billable rates for carpenters will remain under upward pressure, supporting revenue per worker but challenging contractors’ pricing power. On the demand side, new single‑family construction is expected to remain soft in the near term, but the sizable national housing deficit, continued growth in home improvement spending and record levels of office and hotel conversions point to a robust pipeline for both rough and finish carpentry as the decade progresses. Policy uncertainty regarding tariffs and a proposed 25.0% increase in timber output from federal lands adds a layer of ambiguity to future lumber prices, but after 2025’s relatively flat lumber costs, most signs point to manageable, rather than destabilizing, material‑cost pressure. Industry revenue is forecast to increase at a CAGR of 2.4% to total an estimated $71.5 billion through the end of 2031.

Lumber and building material stores have enjoyed an uptick in revenue spurred by rising nonresidential construction activity, greater spending on home improvements and elevated material prices. While these stores face fierce competition from big-box retailers like Home Depot, they've carved out a niche by focusing on specialized products and services. Customized offerings and eco-friendly lines have allowed them to stand out, especially as the construction sector has exhibited significant volatility. Meanwhile, price adjustments because of high costs for lumber, HVAC and flooring have also contributed to revenue gains despite potentially discouraging consumer purchases. Tax incentives for energy-efficient home improvements and increased residential construction have further bolstered the industry's performance, though many of these incentives were eliminated in 2025. Revenue is expected to climb at a CAGR of 0.5% to $149.3 billion through the end of 2026, despite a drop of 1.2% in 2026 alone. In the same year, profit will account for 5.5% of revenue, down slightly from 5.6% in 2021 as higher prices and less residential construction activity have constrained sales volumes. Lumber and building material stores have navigated a challenging environment marked by volatile pricing and supply chain disruptions. Yet, they've managed to maintain a relatively steady course, as these products are widely used in various downstream markets. While elevated lumber prices drove price-based gains, making certain products more expensive, more customers have turned to renovation and remodeling projects rather than undertaking new construction. Specialty contractors have become the largest customer base, frequently turning to local stores for materials tailored to specific needs. Consolidation within the industry has been a notable trend, with larger companies acquiring smaller competitors to remain viable against big-box giants. Embracing technology and e-commerce has aided operational efficiencies and customer retention despite external pressures. Looking ahead, lumber and building material stores are poised for sustained growth, driven by residential construction and ongoing interest rate cuts. More stores are expected to consolidate to take advantage of economies of scale and compete with growing national chains and home improvement retailers. Environmental consciousness will also shape offerings, with more stores stocking green building materials to meet rising consumer demand for sustainable infrastructure. Though competition from home improvement stores will intensify, lumber and building material stores will thrive by focusing on local expertise, customer service and innovation to maintain their competitive edge in an evolving market. Revenue is forecast to swell at a CAGR of 0.8% to $155.4 billion through the end of 2031.

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