The number of U.S. home sales in the United States declined in 2024, after soaring in 2021. A total of four million transactions of existing homes, including single-family, condo, and co-ops, were completed in 2024, down from 6.12 million in 2021. According to the forecast, the housing market is forecast to head for recovery in 2025, despite transaction volumes expected to remain below the long-term average. Why have home sales declined? The housing boom during the coronavirus pandemic has demonstrated that being a homeowner is still an integral part of the American dream. Nevertheless, sentiment declined in the second half of 2022 and Americans across all generations agreed that the time was not right to buy a home. A combination of factors has led to house prices rocketing and making homeownership unaffordable for the average buyer. A survey among owners and renters found that the high home prices and unfavorable economic conditions were the two main barriers to making a home purchase. People who would like to purchase their own home need to save up a deposit, have a good credit score, and a steady and sufficient income to be approved for a mortgage. In 2022, mortgage rates experienced the most aggressive increase in history, making the total cost of homeownership substantially higher. Are U.S. home prices expected to fall? The median sales price of existing homes stood at 413,000 U.S. dollars in 2024 and was forecast to increase slightly until 2026. The development of the S&P/Case Shiller U.S. National Home Price Index shows that home prices experienced seven consecutive months of decline between June 2022 and January 2023, but this trend reversed in the following months. Despite mild fluctuations throughout the year, home prices in many metros are forecast to continue to grow, albeit at a much slower rate.

The US commercial real estate (CRE) market, valued at $1.66 trillion in 2025, is projected to experience steady growth, driven by several key factors. Strong economic fundamentals, including a robust job market and increasing demand for office, retail, and industrial space in major metropolitan areas like New York, Los Angeles, and Chicago, contribute to this positive outlook. The ongoing expansion of e-commerce fuels the demand for logistics and warehousing facilities, while the multi-family sector benefits from population growth and urbanization trends. However, rising interest rates and potential economic slowdown pose challenges, potentially impacting investment activity and rental growth. The diverse range of property types within the CRE market creates opportunities and risks. Office space faces ongoing adaptation to hybrid work models, requiring landlords to enhance amenities and improve workplace flexibility. Retail spaces are undergoing transformation, with a focus on experiential retail and omni-channel strategies to compete with online retailers. The industrial and logistics sector remains strong, driven by continued e-commerce growth and supply chain optimization efforts. Competition among CRE companies like Zillow, Keller Williams, and CBRE remains fierce, emphasizing the need for innovation in property management and technological advancements in market analysis and transaction processes. While several cities experience robust growth, others might face localized challenges that influence individual market dynamics. The overall trajectory suggests a moderate expansion, albeit with variations across sectors and geographic locations. Careful consideration of these factors is crucial for successful investment and strategic decision-making within the US CRE industry. The forecast period of 2025-2033 suggests a continuation of these trends. While the 2.61% CAGR indicates a moderate growth rate, significant variations are expected across specific segments. The industrial and logistics sectors are likely to outperform others due to sustained demand, while office space may exhibit slower growth reflecting the ongoing adjustments to hybrid work. Regional variations will also be significant, with major metropolitan areas and technology hubs likely leading the growth trajectory. Understanding these nuances and deploying appropriate risk mitigation strategies will be vital for all stakeholders in the US commercial real estate market. This comprehensive report provides an in-depth analysis of the USA commercial real estate industry, covering the period from 2019 to 2033. With a focus on key market segments – offices, retail, industrial, logistics, multi-family, and hospitality – across major cities like New York, Los Angeles, Chicago, San Francisco, Boston, Denver, Houston, Phoenix, Atlanta, and Salt Lake City, this report offers invaluable insights for investors, developers, and industry professionals. The study utilizes 2025 as the base and estimated year, with a forecast period spanning 2025-2033 and a historical period covering 2019-2024. This report projects the market value in the billions of dollars, providing granular data and analysis of market dynamics. Key drivers for this market are: Increasing number of startups. Potential restraints include: Low Awareness and Privacy Issues. Notable trends are: Industrial Sector Expected to Record High Demand.

House Price Index YoY in the United States decreased to 3 percent in April from 3.90 percent in March of 2025. This dataset includes a chart with historical data for the United States FHFA House Price Index YoY.

Graph and download economic data for Regional Price Parities: Services: Housing for Los Angeles-Long Beach-Anaheim, CA (MSA) (RPPSERVERENT31080) from 2008 to 2023 about Los Angeles, PPP, rent, CA, services, price, and USA.

The USA office real estate market, currently experiencing robust growth, is projected to maintain a Compound Annual Growth Rate (CAGR) exceeding 4% from 2025 to 2033. This expansion is fueled by several key drivers. The robust performance of the Information Technology (IT and ITES) sector, along with continued growth in the Banking, Financial Services, and Insurance (BFSI) industries, are significantly boosting demand for office space. Furthermore, the expansion of consulting firms and other service-based businesses contributes to this positive trend. However, the market is not without its challenges. Factors such as economic uncertainty, fluctuating interest rates, and the increasing adoption of hybrid work models could act as restraints on growth. The market is segmented by sector, with IT and ITES, BFSI, and consulting firms representing the largest segments. Major players like Turner Construction Company, Kiewit Corporation, and others are shaping the market through their construction and development activities. While the precise market size for 2025 is not provided, considering a conservative estimate based on the given CAGR and assuming a 2024 market size of approximately $1 trillion (this is an estimation), we can project a substantial increase over the forecast period. Regional variations will exist, with major metropolitan areas like New York, Los Angeles, and Chicago likely exhibiting higher growth rates compared to less densely populated regions. The long-term outlook remains positive, although proactive adaptation to evolving workplace dynamics will be critical for sustained success within the industry. The competitive landscape is characterized by a blend of large national firms and regional players. The increasing emphasis on sustainable building practices and technological advancements in building management systems is another trend shaping the market. While the rise of remote work poses a potential challenge, the demand for flexible and adaptable office spaces, designed to cater to hybrid work models, is simultaneously creating new opportunities. The market's future trajectory will depend heavily on the macroeconomic environment, technological advancements, and the evolving preferences of businesses and workers concerning workspace arrangements. Continuous monitoring of these dynamics is essential for informed decision-making in this dynamic and competitive sector. Recent developments include: April 2023: The principals of Mishawaka-based Cressy Commercial Real Estate are pleased to announce the completion of a merger with Mno-Bmadsen, the nongaming investment arm of the Pokagon Band of Potawatomi. The merger will enable Cressy to expand into new markets and implement their strategic goals while continuing to provide world-class service to past and future clients. Mno-Bmadsen will benefit from additional resources to manage the real estate needs of its growing portfolio of investments., February 2023: Mirabaud Asset Management has structured the acquisition of a two-building office occupied by a non-profit academic foundation and medical center. The transaction was structured by Mirabaud Asset Management as a Luxembourg-based institutional commercial real estate partnership on behalf of its international clientele. This acquisition brings the value of Mirabaud's US real estate portfolio to almost $600 million.. Notable trends are: Increase in Leasing Volumes.

The median rent for one- and two-bedroom apartments in Los Angeles, California, amounted to about ***** U.S. dollars in January 2025. Rents soared during the COVID-19 pandemic, with rental growth hitting **** percent in March 2022. This trend has since reversed, with growth turning negative in May 2023. Among the different states in the U.S., California ranks as the second most expensive rental market after Hawaii.

Material:Concrete: Durable and cost-effective for foundational structures.Steel: Lightweight and customizable, ideal for industrial and commercial applications.Plastic: Sustainable and lightweight, suitable for temporary housing and structures.Wood: Environmentally friendly and versatile for both exterior and interior applications.Construction:Permanent Modular: Structures designed for permanent use with high durability and longevity.Relocatable Modular: Buildings that can be assembled and disassembled for temporary or flexible uses.Products:Walls, Roofs & Floor: Essential components for modular buildings, ensuring structural integrity and weather protection.Columns & Beams: Support structures and provide strength to modular units.Others: Windows, doors, stairs, and elevators, complementing modular building systems. Recent developments include: March 2023: The U.S. Department of Energy (DOE) awarded $10 million in grants to support the development of modular construction technologies., April 2023: The city of Los Angeles approved a new zoning ordinance that allows for the construction of modular homes in certain areas., May 2023: The modular construction company Skanska announced that it will be opening a new manufacturing facility in the United States., June 2023: The modular construction company Modulus announced that it has secured a $100 million investment from Goldman Sachs.. Key drivers for this market are: Growth of Underground Construction Activities 32, Sustainability of Sprayed Concrete 35; Driver Impact Analysis 36. Notable trends are: Rapid urbanization and industrialization, together with accelerated construction and high productivity, will drive market growth.

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US - Elevator and Escalator Market 2024-2028

The US - Elevator and Escalator Market size is forecast to increase by USD 2.82 billion, at a CAGR of 6.36% between 2023 and 2028. The growth rate of the market depends on several factors such as increasing demand for elevators and escalators due to changing demographics, demand for modernization and maintenance of elevators and escalators, and increasing adoption of smart homes Our report examines historical data from 2018-2022, besides analyzing the current and forecasts market scenario. In the dynamic landscape of the market players like AVT Beckett distinguish themselves by providing a range of offerings including Low MRL elevators, Mid MRL elevators, and Mid-rise elevators, while companies such as Colley Elevator Co. contribute with their expertise in conventional hydraulic elevators, Holeless hydraulic elevators, and Roped hydraulic elevators, collectively shaping the diverse and competitive market.

Market Forecasting and Size

Market Forecast 2024-2028

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Market Dynamic

Our researchers studied the market research and growth data for years, with 2023 as the base year and 2024 as the estimated year, and presented the key drivers, trends, and challenges for the market.

Driver - Increasing adoption of smart homes

The increasing adoption of digitization and awareness of global warming in the US has led to the rise of green and eco-efficient homes, termed smart homes. This has led to the development of efficient designs, such as pneumatic elevators, which require less space and maintenance. Pneumatic elevators work on the principle of air pressure by creating high-pressure and low-pressure environments where they can control descent or ascent. At present, the US smart home market has just passed the early adoption stage and is experiencing a slowdown in mass adoption due to various issues, such as high prices and high fragmentation of the US - elevator and escalator market

However, the devices are becoming more prevalent in US homes due to digitalization. Following this dramatic shift, many homeowners are predicted to install smart elevators or stairlifts to improve accessibility. In addition, the installation of an elevator inside a home elevates the house into a luxury home and improves its sale price considerably. Hence, residential builders are trying to appeal to customers by including elevators such as pneumatic lifts. Thus, the increasing adoption of smart homes will spur the growth of the market during the forecast period.

Trends - Elevators as architectural ornaments

In today's buildings, elevators are not just a way of moving people and equipment between floors but are aesthetically designed to meet the expectations of customers. Luxury hotels and malls are increasingly improving aesthetics and enhanced functionalities in elevators to impress customers. For instance, Otis Elevator has installed an Inclined Elevator at The Luxor Hotel and Casino, Las Vegas, to match the building's pyramid shape.

Similarly, Italian fashion major Prada installed the largest glass elevator, featuring silver seats that let visitors enjoy the display cases of shoes and other A-rundown items while descending or ascending in the elevator. Key vendors such as Thyssenkrupp Elevator offer interior car solutions to improve the aesthetics of the elevator. Thus, the growing trend of elevators as architectural ornaments will drive market growth during the forecast period.

Challenge - Increasing cost of complying with building codes for elevators and escalators

The Department of Buildings (DOB), Occupational Safety and Health Administration (OSHA), and other administrative bodies have been boosting efforts to keep elevators and escalators compliant with regulations to keep users safe. In the past, there have been noteworthy code and rule changes that have had substantial financial impact on building owners, facility managers, and elevator service organizations. A recent example is the Los Angeles City Fire Code 2020, which mandates that all elevators installed in buildings have an alternative floor recall feature with an approved smoke detector in the designated main floor elevator lobby.

Moreover, activation of this smoke detector would recall the elevator to an alternate floor designated by the Chief in case of a fire in a building. This addition has required most building owners to upgrade not only the elevator system but also optimize their firefighting systems. Thus, the increasing cost of compliance for elevators and escalators will hinder the growth of the market during the forecast period.

Market Segmentation by Product, Service, and Application

Product Segment Analysis:

The market share growth by the elevators segment will be significant during the forecast period. The elevators segment has its revenue generation from new installations (unit a

Ambulatory healthcare was the type of building with the highest construction costs in Ontario (Canada) in 2024. The cost of that type of building ranged from 829 to 935 Canadian dollars per square feet. Townhouses, along with warehouses, among the cheapest buildings to construct, even though the townhouse sale price in Canada was much higher in 2024 than in a decade earlier. On the other side of the residential spectrum, the construction cost of high-rise buildings with mid-end specifications could reach up to 543 Canadian dollars per square feet. The housing sector in Ontario The fast population growth in Toronto, the main city in Ontario, has put pressure on its housing market. From 2001 to 2023, the number of people living in Canada’s largest city increased from 4.88 to 6.8 million people. During the past years, house prices in Ontario rose at a similarly fast pace. Combined, these elements signal a strong demand for homes in Toronto and Ontario as a whole. The construction sector has responded to this trend: In 2023, most housing starts in Canada took place in the province of Ontario. That same year, EllisDon Corporation, with headquarters in Mississauga (Ontario), was the second-largest contractor in Canada. One of its largest residential/mixed-use projects under development is the 489-539 King St. West Development, in Toronto. Construction cost in North America Building construction costs in Quebec, the second most populous province in Canada after Ontario, had a similar cost range: Ambulatory healthcare buildings were the most expensive, and warehouses were the cheapest to build. However, enclosed malls and higher education buildings were significantly more expensive in Quebec than in Ontario. Across the border, the cities with the highest residential construction costs in the U.S. were San Francisco for multi-family housing, and New York City for single-family housing. Meanwhile, Los Angeles, San Francisco, and New York had the highest hotel construction costs in the U.S.

In 2023, the average vacancy rate for industrial and logistics real estate in the United States rose, marking the first increase since early 2020. As of the second quarter of 2024, approximately **** percent of industrial and logistics real estate was vacant - an increase of **** percentage points since the fourth quarter of 2022. Despite vacancies rising, in many of the major industrial markets, the vacancy rate stood below five percent. Why has the vacancy rate increased? High-quality warehousing and fulfillment centers are crucial to the e-commerce sector because they allow retailers to establish efficient processes, reduce costs, and meet consumer expectations. During the COVID-19 pandemic, e-commerce sales grew rapidly, driving demand for industrial and logistics real estate. Rising leasing activity led to the share of available space dropping notably. As development increased to meet this demand, 2023 experienced the highest amount of new completions and vacancies rising. Which are the largest U.S. industrial and logistics markets? Home to the largest port complex in North America and a gateway for the trade between Asia and North America, Greater Los Angeles is the market with the most industrial and logistics real estate stock. Nevertheless, when considering demand, Houston and Dallas/Ft. Worth, Texas, topped the ranking with the most industrial and logistics real estate absorbed in 2023. Both markets possess a strategic location, proximity to the Gulf of Mexico, and a convenient connection to major East and West Coast markets.

In the first quarter of 2025, San Francisco, Chicago, New York, and Honolulu were some of the U.S. cities with the highest housing construction costs. Meanwhile, Phoenix had one of the lowest construction costs for high-end multifamily homes at *** U.S. dollars per square foot and Las Vegas for single-family homes between *** and *** U.S. dollars per square foot. Construction cost disparities As seen here, the construction cost for a high-end multi-family home in San Francisco in the first quarter of 2024 was over ***** more expensive than in Phoenix. Meanwhile, there were also great differences in the cost of building a single-family house in New York and in Portland or Seattle. Some factors that may cause these disparities are the construction materials, installation, and composite costs, differing land values, wages, etc. For example, although the price of construction materials in the U.S. was rising at a slower level than in 2022 and 2023, several materials that are essential in most construction projects had growth rates of over **** percent in 2024. Growing industry revenue Despite the economic uncertainty and other challenges, the size of the private construction market in the U.S. rose during the past years. It is important to consider that supply and demand for housing influences the revenue of this segment of the construction market. On the supply side, single-family home construction fell in 2023, but it is expected to rise in 2024 and 2025. On the demand side, some of the U.S. metropolitan areas with the highest sale prices of single-family homes were located in California, with San Jose-Sunnyvale-Santa Clara at the top of the ranking.

Ambulatory healthcare was the type of building with the highest construction costs in Ontario (Canada) in 2023. The cost of that type of building ranged from 7,110 to 8,750 Canadian dollars per square meter. Townhouses with mid-end specifications were, along with warehouses, among the cheapest buildings to construct, even though the townhouse sale price in Canada was much higher in 2023 than in a decade earlier. On the other side of the residential spectrum, the construction cost of high-rise buildings with mid-end specifications could reach up to 5,370 Canadian dollars per square meter. The housing sector in Ontario The fast population growth in Toronto, the main city in Ontario, has put pressure on its housing market. From 2001 to 2022, the number of people living in Canada’s largest city increased by over 37 percent. During the past years, house prices in Ontario rose at a similarly fast pace. Combined, these elements signal a strong demand for homes in Toronto and Ontario as a whole. The construction sector has responded to this trend: In 2022, most housing starts in Canada took place in the province of Ontario. That same year, EllisDon Corporation, with headquarters in Mississauga (Ontario), was the second-largest contractor in Canada. One of its largest residential/mixed-use projects under development is the 489-539 King St. West Development, in Toronto. Construction cost in North America Building construction costs in Quebec, the second most populous province in Canada after Ontario, had a similar cost range: Ambulatory healthcare buildings were the most expensive, and warehouses were the cheapest to build. However, enclosed malls and higher education buildings were significantly more expensive in Quebec than in Ontario. Across the border, the cities with the highest residential construction costs in the U.S. were San Francisco for multi-family housing, and New York City for single-family housing. Meanwhile, Los Angeles, San Francisco, and New York had the highest hotel construction costs in the U.S.