Housing finance is a type of loan which is used to purchase or maintain a home, land, or other types of housing. Furthermore, with growing housing’s business across the globe the need for housing finances is rising which in turn drives the growth of the market. In addition, housing finance is one of the most affordable means of borrowing money compared to any other type of loan. In addition to this, housing finance are mainly offered by banks, independent lenders, insurance companies, pension funds, private investors, and other capital sources.
Growing need to streamline housing lending service and increase in need for money among businesses and individuals to purchase housing boost the growth of the housing finance market. In addition, flexible period to repay the finance amount positively impacts the growth of the market. However, factors such as enforcement of strong rules by banks and financial institutions for providing finance is expected to hamper the market growth. On the contrary, rising prices of housing properties in developing countries and penetration of metropolitan cities across the globe are expected to offer remunerative opportunities for the expansion of the market during the forecast period.
The housing finance market is segmented on the basis of application, provider, and region. By application, it is segmented into home purchase, refinance, home improvement, and other purpose. The home purchase segment is further sub segmented into conventional and non-conventional. The conventional sub segment is further divided into low & moderate income (LMI) borrowers, and high income borrowers. By provider, it is bifurcated into banks, housing finance companies, real estate agents, and others. By region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The report analyzes the profiles of key players operating in the housing finance market such as Bank of America Corporation, Charles Schwab & Co., Citigroup, Inc., CREDIT SUISSE GROUP AG, Dewan Housing Finance Corporation Ltd., Goldman Sachs, HSBC Group, JPMorgan Chase & Co., LIC Housing Finance Ltd., Lloyd's Banking Group, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland plc, UBS, Wells Fargo, Divvy Homes, Inc., and Pronto Housing. These players have adopted various strategies to increase their market penetration and strengthen their position in the housing finance industry.
Growing need to streamline housing lending service and increase in need for money among businesses and individuals to purchase housing boost the growth of the housing finance market. In addition, flexible period to repay the finance amount positively impacts the growth of the market. However, factors such as enforcement of strong rules by banks and financial institutions for providing finance is expected to hamper the market growth. On the contrary, rising prices of housing properties in developing countries and penetration of metropolitan cities across the globe are expected to offer remunerative opportunities for the expansion of the market during the forecast period.
The housing finance market is segmented on the basis of application, provider, and region. By application, it is segmented into home purchase, refinance, home improvement, and other purpose. The home purchase segment is further sub segmented into conventional and non-conventional. The conventional sub segment is further divided into low & moderate income (LMI) borrowers, and high income borrowers. By provider, it is bifurcated into banks, housing finance companies, real estate agents, and others. By region, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
The report analyzes the profiles of key players operating in the housing finance market such as Bank of America Corporation, Charles Schwab & Co., Citigroup, Inc., CREDIT SUISSE GROUP AG, Dewan Housing Finance Corporation Ltd., Goldman Sachs, HSBC Group, JPMorgan Chase & Co., LIC Housing Finance Ltd., Lloyd's Banking Group, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland plc, UBS, Wells Fargo, Divvy Homes, Inc., and Pronto Housing. These players have adopted various strategies to increase their market penetration and strengthen their position in the housing finance industry.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the housing finance market analysis from 2021 to 2031 to identify the prevailing housing finance market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the housing finance market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global housing finance market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Home Purchase
- Refinance
- Home Improvement
- Other Purpose
By Providers
- Banks
- Housing Finance Companies
- Real Estate Agents
- Others
By Region
- North America
- U.S.
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Netherlands
- Rest of Europe
- Asia-Pacific
- China
- India
- Japan
- Australia
- Singapore
- Rest of Asia-Pacific
- LAMEA
- Latin America
- Middle East
- Africa
Key Market Players
- Bank of America Corporation
- Charles Schwab & Co.
- Citigroup, Inc.
- CREDIT SUISSE
- Dewan Housing Finance Corporation Limited
- Goldman Sachs
- HSBC Group
- JPMorgan Chase & Co.
- LIC Housing Finance Limited
- Lloyd's Banking Group
- Morgan Stanley
- Royal Bank of Canada
- The Royal Bank of Scotland Plc
- UBS
- Wells Fargo
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Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: HOUSING FINANCE MARKET, BY APPLICATION
CHAPTER 5: HOUSING FINANCE MARKET, BY PROVIDERS
CHAPTER 6: HOUSING FINANCE MARKET, BY REGION
CHAPTER 7: COMPANY LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to the report, titled, “Housing Finance Market," the housing finance market size was valued at $4,520.67 billion in 2021, and is estimated to reach $33,298.79 billion by 2031, growing at a CAGR of 22.3% from 2022 to 2031.Furthermore, major companies are launching their schemes to offer housing finance to customers. For instance, Citi bank has established affordable housing preservation program. The program will acquire multifamily housing primarily for the benefit of low to moderate income individuals and communities including workforce, regulated and mixed-income housing with a commitment to community development and engaging diverse professionals throughout the acquisition and ownership infrastructures.
On the basis of provider, the banks segment is the highest growing segment. This is attributed to the growth in focus on digitalization of financial processes has transformed traditional banking systems, owing to which various banks are providing housing finance to significantly support rise in consumer needs. In addition, growth in digitization across the banking sector has filled existing gaps in financial services and increased efficiency among the banking sector to provide better customer experience, which drives the housing finance market growth.
Based on region, North America attained the highest growth in 2021. This is attributed to the increase in adoption of digital lending platforms among banking and financial services for improving financing services is considered as an important factor for growth of the housing finance market trends in this segment. In addition, rise in adoption of advance technologies such as e-signatures, artificial intelligence (AI), machine learning, and advanced analytics among house financing service companies for identifying fraudulent activities in lending service propels growth of the market in North America.
The COVID-19 pandemic had a negative impact on the market attributing to the fact that consumers that planned on purchasing new homes had to postpone their plans due to closure of business and fall in their income. Therefore, the pandemic negatively impacted the housing finance market growth.
Key Findings of the Study
- By application, the home purchase segment led the housing finance market share in terms of revenue in 2021.
- By region, North America generated the highest revenue in 2021.
- The key players profiled in the housing finance market analysis are Bank of America Corporation, Charles Schwab & Co., Citigroup, Inc., CREDIT SUISSE GROUP AG, Dewan Housing Finance Corporation Ltd., Goldman Sachs, HSBC Group, JPMorgan Chase & Co., LIC Housing Finance Ltd., Lloyd's Banking Group, Morgan Stanley, Royal Bank of Canada, Royal Bank of Scotland plc, UBS, Wells Fargo, Divvy Homes, Inc., and Pronto Housing. These players have adopted various strategies to increase their market penetration and strengthen their position in the housing finance industry.
Companies Mentioned
- Bank of America Corporation
- Charles Schwab & Co.
- Citigroup, Inc.
- Credit Suisse
- Dewan Housing Finance Corporation Limited
- Goldman Sachs
- Hsbc Group
- Jpmorgan Chase & Co.
- Lic Housing Finance Limited
- Lloyd's Banking Group
- Morgan Stanley
- Royal Bank of Canada
- The Royal Bank of Scotland plc
- Ubs
- Wells Fargo
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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