PUBLISHER: The Business Research Company | PRODUCT CODE: 1664698
PUBLISHER: The Business Research Company | PRODUCT CODE: 1664698
A single-family housing construction pertains to a self-contained residential structure designed for use by a single family. These homes are intended as individual housing units, each with a single owner, no shared walls, and their own distinct property.
The primary classifications of single-family housing construction (individual houses) are permanent and relocatable. Permanent structures are built for extended use and are typically constructed with materials such as wood, steel, and concrete, ensuring durability over an extended period. The construction materials used include steel, wood, concrete, and others, serving various applications in residential, commercial, and industrial contexts.
The single-family housing construction (individual houses) market research report is one of a series of new reports from The Business Research Company that provides single-family housing construction (individual houses) market statistics, including single-family housing construction (individual houses) industry global market size, regional shares, competitors with a single-family housing construction (individual houses) market share, detailed single-family housing construction (individual houses) market segments, market trends, and opportunities, and any further data you may need to thrive in the single-family housing construction (individual houses) industry. This single-family housing construction (individual houses) market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The single-family housing construction (individual houses) market size has grown strongly in recent years. It will grow from $795.4 billion in 2024 to $840.52 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to economic growth and consumer confidence, low mortgage rates, population growth and household formation, government housing policies and incentives, real estate market dynamics.
The single-family housing construction (individual houses) market size is expected to see strong growth in the next few years. It will grow to $1079.66 billion in 2029 at a compound annual growth rate (CAGR) of 6.5%. The growth in the forecast period can be attributed to demographic shifts and millennials homeownership, affordability challenges and entry-level housing, interest rate fluctuations, sustainability and energy-efficient construction, urban renewal and redevelopment. Major trends in the forecast period include wellness-focused design principles, outdoor living spaces, technology-enhanced construction processes, affordable housing solutions, resilient and disaster-resistant construction, customization and personalization.
The anticipated surge in housing demand is set to drive the growth of the single-family housing construction (individual houses) market. Housing demand, influenced by individuals' preferences and financial capacities, represents a crucial economic investment for both households and builders. As housing provides shelter and protection against adverse weather conditions and street crime, the number of single-family housing constructions is on the rise. In February 2023, the Census Bureau reported a substantial increase in privately-owned housing units authorized by building permits, reaching 1,524,000, reflecting a 13.8% rise from the revised January rate of 1,339,000. Consequently, the growing demand for housing stands as a key driver for the expansion of the single-family housing construction market.
The rising demand for green building is projected to boost the growth of the single-family housing construction market (individual houses) in the future. Green building entails designing, constructing, and operating buildings in an environmentally responsible and resource-efficient manner. Techniques associated with single-family housing construction include the integration of green building practices such as effective insulation and high-performance windows, which optimize energy usage throughout the building's lifecycle. For example, in August 2024, Eurostat, a Luxembourg-based government agency, reported that construction production in the euro area increased by 1.0% in June 2024 compared to June 2023. Thus, the growing emphasis on green building is driving the expansion of the single-family housing construction market.
Technological advancements are a prominent trend shaping the single-family home construction market. Leading companies in the industry are leveraging advanced technologies such as modular construction, artificial intelligence (AI), digital twins, blockchain, virtual and augmented reality, 4D simulations, and 3D printing to streamline construction processes in terms of time and cost. For instance, in January 2023, the Department of Science and Innovation (DSI) in collaboration with the University of Johannesburg (UJ) launched South Africa's first 3D-printed building using a concrete printer. 3D concrete printing is a construction method involving computer-controlled robots that print layer by layer, offering a novel approach to constructing 3D structures for houses and infrastructure.
Major companies in the single-family housing construction market are concentrating on product innovation to gain a competitive edge. One notable example is the introduction of the Backyard range, which consists of factory-produced studio and one-bedroom units designed for installation in homeowners' backyards. In November 2022, Samara, a US-based home services company, unveiled the Backyard range featuring units with different designs and sizes, all built with durable, cutting-edge materials. These units are precision-engineered, assembled in a factory, and equipped with solar energy for self-sufficiency, offering an easy and efficient installation process.
In February 2022, Asahi Kasei Homes Corporation, a Japanese manufacturer in materials, homes, and healthcare sectors, acquired Arden Homes Pty Ltd. This undisclosed acquisition aims to bolster Asahi Kasei Homes' home-building business in Australia and enhance its position in the order-built homes segment. Arden Homes Pty Ltd, based in Australia, is a residential home construction company specializing in building quality homes.
Major companies operating in the single-family housing construction (individual houses) market include Skanska AB, Bouygues Construction SA, ACS Group Inc., Lindal Cedar Homes Inc., Algeco Scotsman Inc., Skyline Champion Corporation, D.R. Horton Inc., Lennar Corporation, PulteGroup Inc., NVR Inc., Taylor Morrison Home Corporation, Meritage Homes Corporation, KB Home Inc., Clayton Properties Group Inc., Toll Brothers Inc., M/I Homes Inc., Beazer Homes USA Inc., Hovnanian Enterprises Inc., LGI Homes Inc., Century Communities Inc., AV Homes Inc., William Lyon Homes Inc., Richmond American Homes of Maryland Inc., Fischer Homes, Gehan Homes Ltd.
Asia-Pacific was the largest region in the single-family housing construction (individual houses) market in 2024. Europe is expected to be the fastest-growing region in the single-family housing construction (individual houses) market report during the forecast period. The regions covered in the single-family housing construction (individual houses) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
The countries covered in the single-family housing construction (individual houses) market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The single-family housing construction (individual houses) market includes revenues earned by entities by providing services such as plumbing and wiring, installation of doors, windows and finishing. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Single-Family Housing Construction (Individual Houses) Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on single-family housing construction (individual houses) market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for single-family housing construction (individual houses) ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The single-family housing construction (individual houses) market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.