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.

Number of Businesses statistics on the Home Builders industry in United States

Homebuilders have endured considerable volatility. Immigration into Canada has translated into unprecedented population growth, driving a deepening housing crisis. New housing starts haven't kept up with the population growth, making homebuilders more critical than ever to meet housing needs. Home shortages and changes in buying behaviour supported homebuilders during the COVID-19 pandemic. Still, the pandemic's disruption to global supply chains didn't spare contractors, with equipment and material costs reaching unprecedented highs. Interest rate hikes in 2022 and 2023 slowed new relevant housing construction, spurring apartment building construction as consumers increasingly sought out renting. Also, the First Time Homebuyer Incentive, which seemed like a potential boon to homebuilders, largely lacked success and was repealed. Industry-wide revenue has been declining at a CAGR of 0.1% over the past five years – totaling an estimated $29.7 billion in 2025 – when revenue will climb an estimated 2.7%. The Bank of Canada raising rates in 2022 and 2023 led to a massive slowdown for homebuilders, even as the Canadian government tried to ramp up the number of housing units. Higher interest rates make developers cautious about new projects, drive up construction costs for builders and push potential home buyers out of the market. The Bank of Canada has decreased rates in 2024 and 2025 for the first time since 2022, potentially providing a boost to homebuilders. Labour shortages for home builders have hiked wage costs and hindered profit. Homebuilders will enjoy solid growth over the next five years. Interest rate cuts and low housing supply will spur downstream homebuying activity. Still, labour shortages and material costs will continue to strain contractors' capacity. Such challenges will be complex for the broader construction sector, allowing federal and provincial governments to introduce programs focusing on workforce development and tech adoption. Government initiatives like the First-Time Home Buyers’ Tax Credit, the First Home Savings Account (FHSA) and the Home Buyers Plan (HBP) will support homebuilding. Homebuilders' revenue is forecast to expand at a CAGR of 2.0% to $32.8 billion through the end of 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.

With almost 37.5 thousand units sold in the fiscal year 2023, ******************** recorded the highest unit sales among the leading homebuilders in Japan. ************* ranked second with approximately 34.2 thousand units sold during that fiscal year. Housing construction in JapanThe number of housing starts in Japan has fluctuated between about *** and *** thousand per year in the past decade. Japanese consumers are known for their preference for new properties, and low interest rates have created a favorable environment for home buyers in the past decades. As a result, Japan's housing stock keeps growing and has already surpassed the number of households in the country.Industry faces population declineIt is expected that the Japanese population will fall from ***** million in 2023 to around *** million by 2050. As Japan’s population continues to shrink and the country’s leadership remains comparably strict on immigration, further depopulation of rural areas will lead to more and more homes becoming vacant. Already today, Japan has several million unoccupied homes. The demographic change is likely to impact the supply side as well, as fewer young people will enter the construction industry, thus increasing the already apparent shortage of workers.

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 73,100 closings, PulteGroup with around 28,600 closings, and NVR with 20,700 closings.

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 United States home construction market, currently experiencing robust growth with a CAGR exceeding 3%, presents a significant investment opportunity. The market's size in 2025 is estimated at $XX million (replace XX with a reasonable estimate based on available data, perhaps referencing similar reports or industry publications to justify the estimate), fueled by several key drivers. Strong population growth, particularly in urban centers like New York City, Los Angeles, and San Francisco, consistently demands new housing. Furthermore, low interest rates (at the time of data collection) and government initiatives aimed at boosting homeownership have stimulated demand. The market is segmented by dwelling type (apartments, condominiums, villas, others), construction type (new construction and renovation), and geographic location, reflecting varying market dynamics across different regions. The segment of new construction within the multi-family sector, driven by companies such as Alliance Residential, Greystar Worldwide, and The NRP Group, shows particularly strong potential. Conversely, the market faces challenges from rising material costs, labor shortages, and regulatory hurdles impacting both new construction and renovation projects. These constraints, although influencing growth, haven’t significantly dampened the overall positive trajectory of the market. Looking towards the future, the market’s continued growth depends on several factors, including sustained economic growth, effective policy responses to material cost inflation and skilled labor shortages, and the continued demand for housing in high-growth urban areas. The forecast period (2025-2033) predicts considerable expansion, offering considerable opportunities for established players and new entrants. The competitive landscape is characterized by a mix of large national builders such as D.R. Horton, Lennar Corp, and PulteGroup, and regional players focused on specific markets. These companies cater to diverse segments, from single-family homes to multi-family units, and exhibit varying degrees of specialization in terms of construction type and property type. The success of individual players within this competitive market hinges on factors including effective land acquisition strategies, the capacity to navigate material cost fluctuations, efficient construction processes, and a keen understanding of shifting consumer preferences in different geographical areas. Successful companies are adept at adapting to evolving market conditions, adopting sustainable construction practices and leveraging technological advancements to optimize efficiency and reduce costs. Given the significant growth forecast and the diverse player landscape, strategic partnerships, mergers and acquisitions, and innovations in construction technology are likely to shape the future of this dynamic sector. 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.

Home Builder Software Market Outlook

The global home builder software market size was valued at approximately USD 2.1 billion in 2023 and is projected to reach around USD 4.6 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.2% during the forecast period. The market is experiencing significant growth, driven by the increasing adoption of digital solutions in the construction industry, the growing emphasis on project management efficiency, and the need for enhanced customer relationship management. As construction projects become more complex, the demand for software solutions that can streamline operations, improve collaboration, and increase productivity is rising, fueling the market's expansion.

One of the primary growth factors for the home builder software market is the rising trend of digital transformation within the construction industry. Companies are increasingly seeking software solutions that can automate and enhance various processes, from project management to customer engagement. This transformation is driven by the necessity to improve efficiency, reduce costs, and meet modern consumer expectations. The integration of advanced technologies like artificial intelligence (AI) and machine learning (ML) into home builder software is further propelling the market, as these technologies enable predictive analytics, smarter resource allocation, and improved risk management. As a result, construction firms are better equipped to handle complex projects, leading to increased adoption of these solutions.

Another significant growth driver is the increasing demand for effective customer relationship management (CRM) and sales and marketing applications within the home building sector. With consumers becoming more informed and selective, builders are relying on CRM tools to manage relationships, track customer preferences, and personalize services. These applications are essential for building customer loyalty and enhancing the overall customer experience. Furthermore, the agility and scalability offered by cloud-based CRM solutions are appealing to many builders, enabling them to efficiently handle customer data and interactions, regardless of their size or geographical location. This demand is expected to sustain the growth of the market in the coming years.

The growing need for efficient project management solutions is also contributing to the expansion of the home builder software market. As projects become more intricate, involving numerous stakeholders and varying timelines, software solutions that facilitate seamless collaboration and communication are increasingly vital. Project management tools that offer real-time updates, resource planning, and task scheduling are becoming indispensable for builders aiming to deliver projects on time and within budget. Additionally, the ability to integrate with other systems, such as financial and supply chain management software, is enhancing the attractiveness of these solutions, further driving market growth.

In the context of enhancing customer engagement and driving sales, Pop-Up Builder Software is becoming increasingly relevant. This software allows businesses to create interactive and visually appealing pop-ups on their websites, which can be used to capture leads, promote special offers, or engage visitors with personalized messages. For home builders, leveraging such tools can significantly boost their online presence and marketing efforts. By integrating Pop-Up Builder Software with existing CRM and sales applications, builders can effectively target potential clients, enhance user experience, and ultimately increase conversion rates. As digital marketing continues to evolve, the adoption of innovative tools like Pop-Up Builder Software is expected to grow, offering builders new avenues to connect with their audience.

In terms of regional outlook, North America currently dominates the home builder software market, owing to the high adoption rate of advanced technologies and the presence of key market players in the region. The U.S., in particular, is a major contributor to market growth, driven by the robust construction industry and the increasing trend of digitalization. Meanwhile, the Asia Pacific region is anticipated to witness the fastest growth during the forecast period. Rapid urbanization, infrastructure development, and government initiatives promoting smart cities are key factors driving demand for home builder software in this region. Additionally, the rising awareness of the benefits of digital solutions in construction is exp

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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

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 4.3 billion British pounds. In fourth place, Bellway generated a revenue of 3.5 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 46.7 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 32 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 910 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.

Homeownership provides financial and emotional security and often represents an individual or family's most significant investment. House Construction industry contractors build single-unit (detached) dwellings or renovate and repair existing houses. Australia's solid population growth underpins the industry's performance. Still, a long-term shift in housing preferences towards constructing high-density apartments and townhouses has eroded revenue. House construction surged to a record peak in 2021-22 despite the pandemic restrictions and supply chain blockages impeding progress on construction projects. Homebuyers responded to record-low mortgage interest rates, favourable bank lending practices and the stimulus from the Federal Government's HomeBuilder scheme by unprecedented investment in new single-unit house construction and home renovations. As the housing market heated up, builders faced challenges juggling heavy workloads while dealing with supply bottlenecks, skill shortages and rising costs. The industry's revenue performance has taken a hit in recent years as housing investment slumped following the hike in mortgage interest rates as the RBA lifted official cash rates to quell inflation. Meanwhile, the HomeBuilder scheme wound down with the completion of funded projects. Industry revenue is expected to fall by 2.9% in 2024-25 and decline at an annualised 1.5% over the five years through 2024-25 to $76.1 billion. The industry's profit margins have suffered, partly reflecting the supply chain disruptions during the housing boom stemming from the COVID-19 restrictions. These bottlenecks delayed construction projects and inflated input prices for building materials, fuel, capital equipment and skilled labour. Fixed-price contracts and escalating input costs have pushed many homebuilders to the brink. Mounting population pressure and some easing in mortgage interest rates will support the moderate recovery in the industry's performance. Homebuilders may also derive some support from a commitment to construct 1.0 million new homes under the National Housing Accord. Still, much of the focus of residential building construction will shift towards high-density apartment and townhouse developments rather than single-unit houses. Industry revenue is forecast to climb at an annualised 1.4% to $81.6 billion through the end of 2029-30.

The North American modular housing industry has experienced steady growth in recent years, driven by factors such as rising construction costs, labor shortages, and a growing demand for affordable housing. The market size reached USD 24.97 million in 2025 and is projected to grow at a CAGR of 6.99% from 2025 to 2033. Increasing urbanization, government initiatives to promote affordable housing, and technological advancements in modular construction are expected to contribute to this growth. Key trends shaping the industry include the adoption of sustainable building practices, the use of innovative materials and technologies, and the emergence of smart and connected homes. Major players in the market include Jacobsen Homes, Cavalier Home Builders LLC, Champion Home Builders Inc., Ritz-Craft Corporation, Clayton Homes Inc., and Lindal Cedar Homes. North America remains the dominant region for modular housing, with the United States accounting for the largest market share. Government incentives, favorable regulatory policies, and a growing awareness of the benefits of modular construction are driving growth in the region. Recent developments include: April 2022: Clayton Homes, a national builder of both off-site and on-site homes, showed off its first single-section CrossMod home at the Manufactured Housing Institute's Congress & Expo. This gives another group of homebuyers and locations a new affordable housing option., January 2022: Volumetric Building Companies (VBC), one of the largest multifamily volumetric modular and components businesses in the United States, announced a merger with Polcom Group (Polcom), a premium steel modular building and custom furniture manufacturing conglomerate for the hospitality market. By combining VBC's innovative wood construction technology with Polcom's advanced steel modular system, the deal will change the way people build things. The Polycom merger comes right after VBC bought the assets of Katerra Inc., which included its offices and state-of-the-art manufacturing facility in Tracy, CA.. 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: Increase in Prefabricated Housing Market in North America.

The home builder software market is projected to reach XXX million by 2033, expanding at a CAGR of XX% from 2025 to 2033. The rising demand for efficient construction management solutions amidst a growing construction industry is a primary driver of market growth. Moreover, the increasing adoption of cloud-based solutions and the need to improve project collaboration and transparency further contribute to the market's expansion. The market is segmented based on application, type, and region. Large enterprises dominate the market due to their extensive construction projects requiring advanced software solutions. However, SMEs are expected to witness significant growth due to the increasing availability of affordable software options tailored to their needs. Cloud-based solutions hold the larger market share owing to their flexibility, scalability, and cost-effectiveness. Geographically, North America leads the market due to the presence of well-established construction companies and the early adoption of technology. Asia Pacific is anticipated to grow rapidly in the coming years due to the increasing construction activities in emerging economies like China and India. Key players in the market include Sage, Oracle, Viewpoint, and Turtle Creek Software, among others, offering a range of solutions to meet the diverse needs of home builders.

The global tiny homes market, valued at $19.20 million in 2025, is projected to experience robust growth, exhibiting a compound annual growth rate (CAGR) of 5% from 2025 to 2033. This expansion is driven by several key factors. Increasing urbanization and soaring real estate prices, particularly in densely populated areas, are compelling individuals and families to seek more affordable and sustainable housing solutions. The growing popularity of minimalist lifestyles and a heightened awareness of environmental sustainability further fuel demand for tiny homes, which often boast eco-friendly building materials and energy-efficient designs. Additionally, the diversification of tiny home designs, encompassing mobile, stationary, and various size options to cater to diverse needs and preferences, is contributing to market growth. The market segmentation into household, commercial, and industrial applications underscores the versatility of tiny homes beyond residential use, opening up further growth avenues. While the market enjoys significant momentum, certain challenges remain. Regulatory hurdles surrounding building codes and zoning regulations in many regions pose a significant constraint to widespread adoption. Furthermore, the perception of tiny homes as lacking in space and comfort compared to traditional homes may limit their appeal to a broader consumer base. However, ongoing innovation in design and construction techniques, coupled with increasing awareness of the benefits of tiny home living, is expected to mitigate these restraints. The competitive landscape includes established players like Cavco Industries and Skyline Champion Corporation alongside smaller, specialized builders such as Aussie Tiny Houses and Tumbleweed Tiny House Company, fostering innovation and driving market evolution. The North American market currently holds the largest share, likely due to higher disposable incomes and a strong interest in sustainable living, but regions like Europe and Asia Pacific are expected to witness considerable growth in the coming years driven by similar trends. Recent developments include: February 2023: Sentosa Development Corporation launched low-carbon tiny houses on Lazarus Island for the first time. These tiny homes measure between 170 square feet. Tiny homes are designed in an open-plan concept consisting of a bedroom, kitchenette, living area, and outdoor deck., February 2023: The USD 14 million mixed-use project in Cedar Hill by Jim Lake Companies will provide tiny homes and storefronts for entrepreneurs. The retail areas in the yet-to-be-named Cedar Hill project will be adjacent to one another and divided by metal separators. There will be six-month lease options available for entrepreneurs wishing to open their first retail location. In addition, 14 tiny houses with living quarters on top and workspace underneath will be built., February 2023: A new residential complex in Meriden will give downsizing a more profound meaning. The project offers more than just tiny residences, with the sizes of the houses varying from 384 to 480 square feet. To those in that situation, Carabetta is marketing the standalone units at its North Broad Park location. The business anticipates leasing in late 2023.. Key drivers for this market are: 4., Increase In Tourism Industry4.; Sustainability and Environmental Concerns. Potential restraints include: 4., Financial Constraints4.; High Maintenance. Notable trends are: Household Segment Anticipated to Hold Major Share Due to Increasing Demand for Affordable Housing.

Nahb Housing Market Index in the United States decreased to 34 points in May from 40 points in April of 2025. This dataset provides the latest reported value for - United States Nahb Housing Market Index - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

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 North American residential construction market, valued at $850 million in 2025, is projected to experience robust growth, exhibiting a Compound Annual Growth Rate (CAGR) of 4.5% from 2025 to 2033. This expansion is fueled by several key drivers. A growing population, particularly in urban centers, necessitates increased housing supply. Furthermore, improving economic conditions and favorable mortgage interest rates stimulate demand, particularly within the single-family home segment. Government initiatives aimed at affordable housing and infrastructure development also contribute positively. However, the market faces certain constraints. Fluctuations in material costs, particularly lumber and other building supplies, coupled with skilled labor shortages, can impact project timelines and profitability. Increasing land prices in desirable locations and stringent building codes also present challenges to developers. The market is segmented by property type (single-family, multi-family), construction type (new construction, renovation), and region (United States, Canada, Mexico). The United States dominates the market, followed by Canada and Mexico. Major players such as Lennar Corporation, D.R. Horton, PulteGroup, and Toll Brothers are actively shaping the market landscape through strategic acquisitions, innovative construction techniques, and a focus on sustainable building practices. The renovation segment is showing promising growth, driven by increasing homeownership rates and a desire for home improvements. The forecast suggests continued market expansion, though potential economic downturns and policy changes could influence the growth trajectory. The multi-family segment, encompassing apartments and condos, is expected to witness significant growth driven by urbanization and rental preferences, especially amongst younger demographics. New construction continues to be a major component of the market, though the renovation segment is gaining traction due to the rising cost of new construction and the desire for home customization. Regional variations exist; the US market's performance will likely influence the overall North American market trend. The competitive landscape is characterized by a mix of large national builders and regional players, each vying for market share through differentiation in product offerings, pricing strategies, and geographic focus. Sustained growth will depend on successfully navigating challenges related to material costs, labor shortages, and regulatory compliance. Recent developments include: December 2022: In southeast Columbus, D.R. Horton intends to build homes for USD 215 million., December 2022: According to the company's fourth-quarter results call, Lennar Corp. has decided not to proceed with its plans to spin off its multifamily subsidiary, Quarterra, by the end of the year owing to adverse market circumstances., December 2022: At the southeast corner of Idlewild Street and Plantation Road in south Fort Myers, a 17-acre site is being cleared. According to Lee County documents, the area will be transformed into the 52-home neighborhood of Addison Square. The land was purchased by Pulte Homes for USD 2.4 million in a deal facilitated by Chuck Mayhugh of Mayhugh Commercial Advisors. The homes will vary in price from more than USD 500,000 and have 1,600 to 3,400 square feet of living space, with the majority of the homesites being grouped together along a sizable, central lake. According to Pulte executives, construction on the model houses should start by the spring, with some of them being done by the summer.. Key drivers for this market are: Population Growth and Disposable Income, Demand from Office Sector Returning Post COVID-; Non-residential Construction on Upward Trend. Potential restraints include: Interests and Financing, Increase in Cost of Raw Materials. Notable trends are: 800,000 Housing Units Must Be Built Annually in Mexico to Keep Up with Demand.