New Housing For-Sale Builders Global Market Report 2024

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 expansion observed during the historical period can be attributed to various factors, including economic growth and heightened consumer confidence, low mortgage rates, population growth coupled with urbanization, job opportunities and employment trends, as well as government policies and incentives supporting the housing sector.

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 anticipated growth in the forecast period can be attributed to various factors, including trends in millennial homeownership, challenges related to affordability, fluctuations in interest rates, a focus on sustainable and energy-efficient construction practices, and initiatives in urban renewal and redevelopment. Key trends expected in the forecast period encompass collaboration with proptech startups, a heightened emphasis on energy efficiency and the development of net-zero homes, the increased use of modular and prefabricated construction methods, a focus on wellness-oriented design, and the ongoing trends of urbanization and mixed-use developments.

The growth of the new housing-for-sale builders market is anticipated to be propelled by the increasing global population. Population refers to the collective number of individuals of a single species capable of breeding and coexisting in the same habitat. Factors such as a growing population reaching reproductive age, a consistent increase in average lifespan, and significant changes in fertility rates contribute to the upward trajectory of the global population. Investors are actively acquiring both residential and commercial properties, driven by the demand for affordable housing units in metropolitan areas influenced by the rising population. For example, data published by the United Nations in November 2022 revealed that the global population reached 8 billion in 2022, up from 7.9 billion in 2021. Projections indicate a further increase to 8.5 billion by 2030 and 9.7 billion by 2050. Thus, the growing population is a key driver fueling the expansion of the new housing-for-sale builders' market.

The growth of the housing-for-sale builders market is expected to be propelled by the expanding residential sector. The residential sector pertains to regions or areas where people reside, typically in houses, apartments, or other living spaces. Housing-for-sale builders in the residential sector are responsible for constructing new homes on land owned or controlled by the builder. For instance, according to the United States Census Bureau in March 2023, the number of privately owned housing units approved by building permits in February reached 1,524,000 on a seasonally adjusted yearly basis, reflecting a 13.8% increase from the corrected January rate of 1,339,000. Consequently, the growth of the residential sector is a significant driver behind the expansion of the housing-for-sale builders market.

Technological advancements represent a prominent trend gaining traction in the new housing-for-sale builders' market, with companies adopting innovative technologies such as AI-driven property technology tools to maintain their market positions. For example, in July 2021, Anarock, a real estate company based in India, introduced 'ASTRA,' an artificial intelligence and machine learning prop-tech solution developed in collaboration with data analytics partner G-Square Solutions. 'ASTRA' is an AI-driven property technology tool designed to boost residential property sales by 15%, leveraging algorithms to analyze consumer behavior data, enhance marketing effectiveness, reduce costs, and provide an engaging user experience.

Major companies in the new housing-for-sale builders market are actively pursuing strategic collaborations to expedite the sale of new houses and gain a competitive edge. These collaborations aim to enhance marketing and sales efforts, increase brand visibility, and create growth opportunities in a competitive market. For example, in August 2023, Zillow Group Inc., a tech real estate marketplace company, partnered with Redfin Corporation, a real estate company, to expand Redfin users' access to a broader selection of newly constructed houses for sale. This collaboration also aims to increase the visibility of home builder listings on Zillow, streamlining the home-buying process. As part of this alliance, home builders working with Zillow will have their listings and communities syndicated to Redfin, starting in the fourth quarter of 2023.

In July 2022, Lennar Corporation, a homebuilder based in the United States, acquired Executive Construction Homes, LLC., marking a strategic move to strengthen its portfolio and presence in Columbia. Through this acquisition, the combined resources of Lennar and Executive Construction Homes are expected to enhance their offerings in the new home building market.

Major companies operating in the new housing for-sale builders market report are Brookfield Corporation, Keller Williams Realty Inc., Colliers International Group Inc., D.R. Horton Inc., Kaufman and Broad Home Corporation, Lennar Corporation, TRI Pointe Group Inc., PulteGroup Inc., M/I Homes Inc., Toll Brothers Inc., Hovnanian Enterprises Inc., NVR Inc., Beazer Homes USA Inc., Fortin Construction Inc., Maronda Homes Inc., Greystar Real Estate Partners LLC, Alliance Residential Company LLC, Taylor Morrison Home Corporation, Meritage Homes Corporation, Century Communities Inc., LGI Homes Inc., William Lyon Homes Inc., AV Homes Inc., M.D.C. Holdings Inc., Ashton Woods Homes LLC, Fischer Homes LLP, Gehan Homes Ltd., Highland Homes, David Weekley Homes Inc., Perry Homes LP, Coventry Homes Inc.,.

Asia-Pacific was the largest region in the new housing for-sale builders market in 2023. The regions covered in the new housing for-sale builders market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the new housing for-sale builders market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The primary property types associated with new housing for sale builders include residential, commercial, industrial, and land. Residential property encompasses any structure or unit zoned for residential use, including single-family homes, multi-family homes, and condominiums. Businesses in this sector engage in both sales and rental activities, utilizing both online and offline modes for transactions.

The new housing for sale builder market research report is one of a series of new reports that provides new housing for sale builder market statistics, including new housing for sale builder industry global market size, regional shares, competitors with a new housing for sale builder market share, detailed new housing for sale builder market segments, market trends and opportunities, and any further data you may need to thrive in the new housing for sale builder industry. This new housing for sale builder 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 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.


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