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.

D.R. Horton was the leading homebuilder company in the United States based on the number of closings in 2023. Some of the other companies in the highest positions of the ranking that year were Lennar Corp. with approximately ****** closings, PulteGroup with around ****** closings, and NVR with ****** closings.

Home builders construct single-family homes while also remodeling houses and other residential buildings. Perennially low housing stock has driven new housing development throughout the current period. Still, from early 2022 through mid-2024, the Federal Reserve rose or maintained interest rates up from historic lows; these rate hikes sent housing starts into a steady decline. Loans have become less accessible, with mortgage rates increasing, discouraging property developers from breaking ground on more residential projects. Even as the Federal Reserve has cut rates since mid-2024, mortgage rates, which are only indirectly impacted by the federal funds rate, have largely increased. Even as housing starts have fallen over recent years, house prices have seen strong growth, allowing builders to see growth. Overall, industry revenue is set to push up at a CAGR of 2.9% to $166.9 billion over the five years through 2025, including a 1.6% increase in 2025 alone. Spikes in the 30-year conventional mortgage rate reduced the number of projects available for home builders. Inflationary concerns have also led more consumers to rent instead of buy. A bright spot has been state and federal projects like affordable housing programs in large metropolitan cities. Home builders also cut expenses and raised profit by hiring subcontractors. The basic underlying need for more housing has remained strong throughout the period. Interest rates are set to gradually fall over the coming years, while the nation will remain in its housing shortage, driving growth for home builders. Home builders will aim to differentiate themselves by building homes that meet sustainability standards to achieve Leadership in Energy and Environmental Design (LEED) certification. Government programs and households will continue to be a source of income for many homebuilders. The Trump administration has proposed using federal lands for housing development but is also set to drive up costs for builders through its tariff policies. Overall, revenue is set to climb at a CAGR of 1.8% to reach $182.8 in 2030.

The United States home construction market is projected to grow from $XX million in 2025 to $XX million by 2033, at a CAGR of 3.00% during the forecast period. Key drivers of this growth include increasing population, rising incomes, and low interest rates. Additionally, the growing popularity of smart homes and green building technologies is creating new opportunities for home builders. The market is segmented by type (apartments & condominiums, villas, and other types), construction type (new construction and renovation), and city (New York City, Los Angeles, San Francisco, Washington DC, and Miami). The new construction segment is expected to hold the largest market share during the forecast period, driven by the increasing demand for new homes from growing families and millennials. The multi-family home builders segment is projected to grow at a higher CAGR than the single-family home builders segment during the forecast period, due to the increasing popularity of urban living and the rising demand for affordable housing. 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.. Key drivers for this market are: Indonesia's Hospitality Market Shifting Preference for Local and Authentic Experiences. Potential restraints include: Difficulties in Implementing Tourism Policies. Notable trends are: High-interest Rates are Negatively Impacting the Market.

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.

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.

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 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.

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.

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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.

Major Market Trends & Insights

By Product - Apartments and condominiums segment was valued at USD 509.50 million in 2022
By Type - New construction segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 39.65 million
Market Future Opportunities: USD 242.90 million 
CAGR : 4.5%

Market Summary

The residential construction market in the US is experiencing a significant shift towards sustainability, with indexed adoption rates of green building practices increasing by approximately 15% over the past decade. This trend is driven by both environmental concerns and consumer demand for energy-efficient homes. However, the market faces challenges, including a persistent skilled labor shortage, which has led to a 6% increase in construction costs for large-scale residential projects. Despite these hurdles, the sector continues to evolve, with technological advancements streamlining processes and enhancing efficiency.
For instance, the use of modular and prefabricated housing solutions has gained traction, reducing on-site construction time by up to 50%. These trends and challenges underscore the dynamic nature of the residential construction market in the US.

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 US remains a significant economic sector, with current activity demonstrating a steady expansion of 3.5%. This growth is expected to persist, as future expectations indicate a continuous increase of 2.8%. A noteworthy comparison reveals that the residential sector accounts for approximately 25% of the total construction output, surpassing the commercial sector's 20% share. This data underscores the market's ongoing importance and its substantial contribution to the US economy.

How is this US Residential Construction Market segmented?

The residential construction in US 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.

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

  North America

    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 witnessing significant growth and transformation, driven by various trends and innovations. Approximately 40% of new single-family homes in the US are now being built with energy-efficient designs, incorporating smart home technology, and adopting high-performance building practices. Net-zero energy buildings, a key component of sustainable building, have seen a 25% increase in adoption, with IoT in construction enabling real-time monitoring and automation. Quality control procedures, risk management software, and automation in construction have become essential for managing complex projects and ensuring timely completion. Sustainable building practices, including the use of geotechnical engineering, sustainable building materials, and passive fire protection, have gained significant traction, accounting for 30% of total residential construction projects.

MEP engineering software, project scheduling software, and construction management software are vital tools for optimizing design and construction processes. The market for prefabricated components, such as modular construction and prefabricated housing, has experienced a 20% growth in recent years, offering cost savings, reduced construction time, and improved sustainability. LEED certification and water management systems are increasingly being adopted to ensure energy efficiency and environmental sustainability. Building automation systems, including seismic design, supply chain management, and waste management, are also becoming standard features in modern residential construction projects. Future industry growth is expected to be robust, with an estimated 35% of new residential construction projects adopting passive house design and 45% utilizing cost estimation software.

Robotics in construction, wastewater treatment, and 3D-printed structures are emerging trends that are poised to disrupt the market. Overall, the residential construction market in the US continues to evolve, offering numerous opportunities for inno

The US Residential Construction Market Report is Segmented by Type (Apartment & Condominiums, Villas and Landed Houses), by Construction Type (New Construction and Renovation), by Construction Method (Conventional On-Site, and More), by Investment Source (Public and Private), and by Region (Northeast, Midwest, Southeast, West, and Southwest). The Market Forecasts are Provided in Terms of Value (USD).

The fiber cement industry is experiencing robust growth, driven by increasing construction activity globally and a rising preference for sustainable and durable building materials. The market's expansion is fueled by several key factors. Firstly, the inherent properties of fiber cement—its strength, fire resistance, and weatherability—make it an ideal choice for a variety of applications, including cladding, roofing, and siding, particularly in regions prone to extreme weather conditions. Secondly, growing environmental concerns are pushing the adoption of eco-friendly building materials, with fiber cement offering a compelling alternative to traditional options due to its recyclable nature and lower carbon footprint compared to some alternatives. Finally, advancements in manufacturing processes are leading to improved product quality and design flexibility, further enhancing the market appeal. The residential segment currently dominates the market, but the infrastructure and commercial sectors are poised for significant growth, particularly in developing economies experiencing rapid urbanization. Competition among major players like James Hardie, Etex Group, and Saint-Gobain is intense, driving innovation and price competitiveness. However, challenges remain, including fluctuations in raw material prices (cement, cellulose fibers) and potential regional variations in regulatory compliance and construction practices. The industry is expected to see continued expansion, particularly in Asia-Pacific, driven by large-scale infrastructure projects and housing developments. While precise figures for market size and CAGR are absent, a reasonable estimation, considering typical growth patterns in the building materials sector and the factors mentioned above, suggests a global fiber cement market valued at approximately $15 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of around 5-7% over the forecast period (2025-2033). This projection factors in the anticipated growth in construction, increasing preference for sustainable materials, and ongoing product innovations. Regional variations will exist, with faster growth likely in developing economies of Asia-Pacific and select regions in South America, while mature markets like North America and Europe show more moderate expansion. The segmentation by application shows potential for future growth within the infrastructure sector as countries increase investments in building sustainable public infrastructure. Recent developments include: October 2023: James Hardie Building Products Inc. partnered with D.R. Horton, Inc., the largest homebuilder in the United States, to provide premier quality and innovative fiber cement solutions to home construction across the United States.June 2023: Saint-Gobain has entered into a definitive agreement to acquire Hume Cemboard Industries Sdn Bhd (HCBI), a manufacturer of fiber cement boards for façades, partitions, and ceilings, to expand its growth by enriching its range of solutions for light and sustainable construction in Malaysia.April 2023: BlueLinx Holdings Inc., a leading wholesale distributor of building products in the United States, and Allura USA, a subsidiary of Elementia Materiales, announced the expansion of their distribution partnership to maintain growth in the highly competitive landscape of fiber cement siding, trim, and accessories.. Notable trends are: OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT.

Idaho and North Carolina were in 2024 the U.S. states with the highest volume of new residential construction, with **** and **** units authorized per 1,000 residents, respectively. On average, that year in the U.S. there were **** homes authorized per 1,000 residents. In overall terms, however, the most populous states in the U.S. tend to have the highest demand for housing.

Lumber and building material stores have enjoyed an uptick in revenue spurred by rising construction activity and elevated material prices. While these stores face fierce competition from big-box retailers like Home Depot, they've managed to carve 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 shown an upward trend. Meanwhile, price adjustments because of rising costs in 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. Revenue is expected to climb at a CAGR of 0.7% to $160.8 billion through the end of 2025, including a projected growth of 0.4% in 2025 alone. In the same year, profit is anticipated to account for 5.0% of revenue. Over the past five years, 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 steady course. While elevated lumber prices drove price-based gains, making certain products more expensive, these stores capitalized on the demand surge for public and private construction projects. Specialty contractors have become their 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. Moreover, 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 over the next five years, 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. 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 inch upward at a CAGR of 0.8% to $167.3 billion through the end of 2030.

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

The Lightweight Construction Materials market, valued at $153.73 million in 2025, is projected to experience robust growth, driven by increasing demand for sustainable and energy-efficient buildings. A Compound Annual Growth Rate (CAGR) of 3.97% from 2025 to 2033 indicates a significant expansion of the market, reaching an estimated value of approximately $230 million by 2033. This growth is fueled by several key factors. The rising construction activity globally, particularly in the residential and infrastructure sectors, significantly boosts market demand. Furthermore, the growing emphasis on sustainable construction practices and the increasing adoption of green building standards are driving the preference for lightweight materials due to their reduced carbon footprint and improved energy efficiency. Government regulations promoting sustainable building materials further bolster market expansion. The segmentation reveals significant opportunities across various product types, with wood and concrete dominating the market, while bricks and other materials represent niche segments with potential for future growth. Geographically, North America and Asia-Pacific are expected to be the leading regional markets, driven by strong economic growth and ongoing infrastructure development. Competitive landscape analysis shows the presence of both established global players and regional manufacturers, leading to increased competition and innovation in the lightweight construction materials sector. The market segmentation offers further insights into specific growth drivers. The residential construction segment is expected to dominate due to the increasing urbanization and population growth globally. However, the infrastructure segment is likely to witness faster growth due to substantial investments in infrastructure projects worldwide. Within product types, wood remains a preferred choice due to its sustainability and renewability, while concrete's dominance stems from its strength and versatility. Technological advancements focusing on enhanced performance characteristics, such as improved insulation properties and fire resistance, are expected to fuel innovation and product diversification within the lightweight materials sector. Challenges remain, however, including fluctuations in raw material prices and potential supply chain disruptions that could influence the market growth trajectory. Recent developments include: August 2023: James Hardie Building Products Inc., a subsidiary of James Hardie Industries plc and the North American leader in fiber cement home siding and exterior design solutions, announced a significant national agreement with D.R. Horton, Inc., the largest homebuilder in the United States. In this landmark partnership, James Hardie becomes D.R. Horton's exclusive national supplier for the hard siding and trim category, extending through December 2026., June 2023: Boral Limited (“Boral”) actively participated in the largest crumbed rubber asphalt demonstration project in Australia. Boral has contributed 2000 tonnes of sustainable pavement material, along with 1200 tonnes of controlled asphalt mix for paving across eight local Sydney council streets. This initiative, incorporating recycled rubber from end-of-life car and truck tires, aims to enhance the sustainability and longevity of council roads.. Key drivers for this market are: Rise in Adoption of Lightweight Materials and Increase in the production of aircraft in developing countries, Growth of the Aerospace and Defence Sector in countries; Rise in investments in application-oriented research and development. Potential restraints include: Rise in Adoption of Lightweight Materials and Increase in the production of aircraft in developing countries, Growth of the Aerospace and Defence Sector in countries; Rise in investments in application-oriented research and development. Notable trends are: Building & Construction segment Holds the prominent share of Global Market.

The global mobile homes industry, valued at approximately $XX million in 2025, is experiencing robust growth, projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 5% from 2025 to 2033. This expansion is driven by several key factors. Increasing urbanization and rising housing costs are compelling more individuals and families to seek affordable housing alternatives. The inherent mobility and adaptability of mobile homes make them an attractive option, especially for those seeking temporary or transitional housing solutions. Furthermore, advancements in manufacturing techniques are leading to improved quality, energy efficiency, and aesthetic appeal, challenging the traditional perception of mobile homes as substandard housing. The industry also benefits from a relatively streamlined construction process, leading to faster delivery times compared to traditional home construction. However, the market faces certain restraints, including stringent building codes and regulations in some regions, potential concerns regarding property values in mobile home parks, and environmental concerns related to manufacturing and disposal. The market segmentation reveals a significant demand for both single-family and multi-family mobile homes, with the specific market share likely influenced by regional variations in demographics and housing preferences. Key players such as Champion Home Builders, Clayton Homes, and Skyline Champion Corporation are driving innovation and market consolidation. Geographically, North America, particularly the US and Canada, currently holds a substantial market share due to established infrastructure and high demand. However, rapidly developing economies in Asia-Pacific, notably China and India, are expected to witness significant growth in the coming years, presenting attractive opportunities for industry expansion. Europe also represents a considerable market, although growth may be moderated by stricter regulations and established housing markets. The ongoing trend toward sustainable and eco-friendly construction practices is further shaping the industry, with manufacturers increasingly focusing on energy-efficient designs and the use of sustainable materials. This evolution is expected to enhance the long-term sustainability and appeal of mobile homes. Recent developments include: May 2022: The U.S. Department of Energy (DOE) adopted new energy standards for manufactured housing - commonly referred to as single-section and multi-section mobile homes - that would help consumers save hundreds of dollars on their annual utility bills and slash carbon emissions by 80 million metric tons, which is equivalent to the energy use of over 10 million homes in one year. Once implemented, the new efficiency standards, including insulation and sealing requirements updates, would help bring the country closer to reaching the net-zero emissions goal by 2050., October 2022: Cavco Industries Inc. announced that it signed a binding offer to acquire the business of Solitaire Homes Inc. and other related entities, including its four manufacturing facilities, twenty-two retail locations, and dedicated transportation operations. Cavco Industries Inc. is one of the largest producers of manufactured and modular homes in the United States, based on reported wholesale shipments. Cavco expects to fund the acquisition entirely with cash on hand. The transaction is expected to close early in the Company's fourth quarter of the fiscal year 2023, subject to applicable regulatory approvals and the satisfaction of certain customary conditions.. Notable trends are: Rising Construction Cost are Driving the Market Growth.

United States RMI: sa: CM: Large Remodeling Projects data was reported at 64.000 Point in Mar 2025. This records a decrease from the previous number of 75.000 Point for Dec 2024. United States RMI: sa: CM: Large Remodeling Projects data is updated quarterly, averaging 74.000 Point from Mar 2020 (Median) to Mar 2025, with 21 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.

According to Cognitive Market Research, the global Fiber cement market size will be USD 17698.5 million in 2025. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2025 to 2033.

North America held the major market share for more than 40% of the global revenue with a market size of USD 7079.40 million in 2025 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2025 to 2033.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 5309.55 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 4070.66 million in 2025 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2025 to 2033.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 884.93 million in 2025 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2025 to 2033.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 353.97 million in 2025 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2025 to 2033.
The residential segment is the dominant end-use in the fiber cement market, primarily driven by the growing demand for durable, energy-efficient, and low-maintenance materials in home construction and renovation

Market Dynamics of Fiber cement Market

Key Drivers for Fiber cement Market

Increasing Demand for Durable and Sustainable Building Materials to Boost Market Growth

The fiber cement market is witnessing significant growth due to the rising preference for durable and environmentally sustainable building materials. Fiber cement products offer superior resistance to fire, moisture, and pests, making them ideal for long-lasting construction. Additionally, the increasing emphasis on green building initiatives and energy-efficient structures further drives the adoption of fiber cement. With its recyclable and non-toxic properties, fiber cement aligns with the growing trend of sustainable construction practices, contributing to its rising popularity among builders and contractors worldwide. For instance, October 2023, James Hardie Building Products Inc. partnered with D.R. Horton, Inc., the largest homebuilder in the United States, to provide premier quality and innovative fiber cement solutions to home construction across the United States. (Source: https://www.prnewswire.com/news-releases/james-hardie-building-products-announces-exclusive-national-relationship-with-dr-horton-americas-builder-301892381.html )

Rapid Urbanization and Infrastructure Development to Drive Market Growth

Urbanization across emerging and developed economies is propelling the demand for modern infrastructure, directly impacting the fiber cement market. Rapid growth in residential and commercial construction has increased the need for high-quality building materials. Fiber cement's ability to provide versatility, durability, and an aesthetically appealing finish has made it a preferred choice for construction projects. Governments’ investments in smart cities and large-scale infrastructure development are further amplifying the demand, positioning fiber cement as a crucial material in addressing the needs of expanding urban landscapes.

Restraint Factor for the Fiber cement Market

High Initial Costs of Fiber Cement Products, will Limit Market Growth

One significant restraint in the fiber cement market is its higher initial cost compared to traditional building materials like wood or vinyl. While fiber cement offers long-term benefits in terms of durability and maintenance, the upfront investment can deter adoption, especially in cost-sensitive markets. Moreover, the installation process requires skilled labor and specialized tools, further adding to the overall expense. This cost factor limits its penetration in low-income regions and among small-scale builders, posing a challenge to market growth in price-conscious segments.

Impact of Covid-19 on the Fiber cement Market

Covid-19 pandemic disrupted the fiber cement market due to supply chain challenges, labor shortages, and project delays in the construction sector. Lockdowns and movement restrictions significantly impacted manufacturing operations and logistics, leading to delays in the delivery of raw materials and finished products. However, the market began to recover as construction activities res...