The New Housing For-Sale Builders by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s New Housing For-Sale Builders, The new housing for-sale builders market size has grown strongly in recent years. It will grow from $1952.91 billion in 2023 to $2056.35 billion in 2024 at a compound annual growth rate (CAGR) of 5.3%. The growth in the historic period can be attributed to economic growth and consumer confidence, low mortgage rates, population growth and urbanization, job opportunities and employment, government policies and incentives..
The new housing for-sale builders market size is expected to see strong growth in the next few years. It will grow to $2554.16 billion in 2028 at a compound annual growth rate (CAGR) of 5.6%. The growth in the forecast period can be attributed to millennial homeownership trends, affordability challenges, interest rate fluctuations, sustainable and energy-efficient construction, urban renewal and redevelopment.. Major trends in the forecast period include collaboration with proptech startups, energy efficiency and net-zero homes, modular and prefabricated construction, wellness-focused design, urbanization and mixed-use developments..
The rising population is expected to propel the growth of the new housing-for-sale builders market. Population refers to the several individuals of a single species that can breed together and coexist in the same habitat are collectively. Growing numbers of people reaching reproductive age, a steady rise in the average lifespan, and significant changes in the fertility rate have all contributed significantly to the rising population. Investors are eagerly purchasing both residential and commercial properties as a result of the rising population’s impact on the demand for affordable housing units in metropolitan areas, so rising population will propel the market growth. For instance, in November 2022, according to the data published by United Nations, a US-based, intergovernmental organization, the global population reached 8 billion in 2022, from 7.9 billion in 2021. The global population is expected to reach 8.5 billion in 2030, and a further 9.7 billion by 2050. Therefore, the rising population is driving the growth of the new housing for-sale builders’ market, going forward.
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The new housing for-sale builders market covered in this report is segmented –
1) By Property: Residential, Commercial, Industrial, Land
2) By Business: Sales, Rental
3) By Mode: Online, Offline
Technological advancements are a key trend gaining popularity in the new housing for-sale builders’ market. Companies operating in the new housing for-sale builders market are adopting new technologies such as AI-driven property technology tools to sustain their position in the market. For instance, in July 2021, Anarock, an India-based, real estate company, engaging in commercial spaces, and land development, launched ‘ASTRA’ an artificial intelligence and machine learning prop-tech solution developed in collaboration with, data analytics partner G-Square Solutions. ‘ASTRA’ is an AI-driver property technology tool, with the potential to boost sales of residential properties by 15%. The system’s algorithm analyses consumer behaviour data to produce highly accurate leads, increasing marketing effectiveness, decreasing expenses, and providing customers and developers with an engaging user experience.
The new housing for-sale builders market report table of contents includes:
1. Executive Summary
2. New Housing For-Sale Builders Market Characteristics
3. New Housing For-Sale Builders Market Trends And Strategies
4. New Housing For-Sale Builders Market – Macro Economic Scenario
5. Global New Housing For-Sale Builders Market Size and Growth
6. New Housing For-Sale Builders Market Segmentation
7. New Housing For-Sale Builders Market Regional And Country Analysis
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27. New Housing For-Sale Builders Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The New Housing For-Sale Builders Market
29. New Housing For-Sale Builders Market Future Outlook and Potential Analysis
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