Real Estate, Construction & Home Building Market Research

Competitive Intelligence, Business Analysis, Forecasts, Market Size, Trends, Companies, Statistics

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Real Estate & Construction OVERVIEW

The real estate and construction sectors, including the many professions and fields associated with them, are among the larger components of the global economy.  As of year-end 2023, the U.S. Bureau of Labor estimated that 8 million Americans were employed in the construction industry (up from 7.26 million at the beginning of 2020).  The agency also estimated that 1.86 million Americans were employed in the real estate industry as of year-end 2023.
Home prices have risen to the point that bargains are hard to come by and many would-be purchasers are priced out of the market.  In 2022 through early 2024, there was very little inventory of homes for sale in the U.S. and many other nations.
There was $20.2 trillion in outstanding mortgage debt of all types in America at year-end 2023, up from $19.3 trillion one year earlier, including homes and commercial projects according to the Federal Reserve.  About $2.0 trillion in new American construction was expected to be put into place for 2023, according to the U.S. Bureau of the Census. 
Many home builders have been challenged in finding enough new lots for future building.  They are also challenged in creating new homes at price points that are attractive to first-time buyers, as lot prices, materials costs and labor costs are high, and cities are often charging significant infrastructure fees for each new home built. 
Retail centers in the U.S. are generally overbuilt.  Many major retail chains are now opening much smaller stores than in the past.  Meanwhile, retail stores are facing dramatic competition from sales made over the internet.  Online commerce has been growing at stellar rates while mall traffic and physical store revenues are often disappointing.  Significant strategic changes in the shopping center and mall industry have developed.  Some owners are accepting large non-retail tenants (such as churches or medical facilities) in an effort to fill up former department store or big-box retailer sites.  However, owners of Class A malls and centers in prime locations with good tenant lists have been adapting by adding new features, including entertainment venues and outposts of very popular restaurants in order to boost foot traffic.  At the same time, national retail chains have learned to tightly integrate online shopping with in-store shopping, making it desirable for customers to come into physical stores to try before they buy online, or to return merchandise that was purchased online.  These strategies are paying off well for smart operators.
Apartment house operators enjoyed brisk business in general in recent years, with high occupancy rates and rising rents.  However, in 2023-2024, this encouraged the construction of new apartment buildings at a rapid rate.  Some markets have become overbuilt, and a significant slowdown of new building openings is expected for 2025-2026.  Meanwhile, as of mid-2024, commercial and rental property investors of all types were struggling with much higher interest rates when mortgage renewals dates come due.  This has been particularly hard on owners of office buildings, where occupancy rates have been very soft ever since the onset of COVID and the growing interest in work-from-home opportunities.
A growing trend in construction is the use of energy conservation technologies in new buildings.  This is true in both residential and commercial construction.  Several “green” building certification plans are now in place, so that architects and builders may seek to attain certain energy conservation and eco-friendly standards.  Other advancing technologies include “smart home” features that control lightning, air conditioning and security via smartphone apps, as well as a small but growing use of robotics and 3D printing in home construction.
A very significant trend for the real estate and construction industry is the boom seen in technology-related projects.  The soaring levels of investment in artificial intelligence (AI), including popular generative AI tools like ChatGPT, is leading to unprecedented growth in the need for new data centers:  massive, highly specialized buildings that can provide locations for computer servers and meet their needs for electricity, power backups, internet pipelines and high levels of cooling.  At the same time, there is a major boom in construction of extremely complex, giant facilities for the manufacture of semiconductors, fueled by federal government investments and incentives.

WE PROFILE HUNDREDS OF TOP COMPANIES:

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PLUNKETT PROVIDES IN-DEPTH STATISTICS TABLES COVERING THE FOLLOWING INDUSTRY TOPICS:

Top Companies Profiled

The following is a partial listing for this industry. As a subscriber, you will have access to the leading companies and top growth companies. This includes publicly-held, private, subsidiary and joint venture companies, on a global basis as well as in the U.S.


Hundreds of Top Companies Profiled, Including:

PLUNKETT PROVIDES UNIQUE ANALYSIS OF THE FOLLOWING TRENDS THAT ARE DRIVING THIS INDUSTRY:

Key Findings:

A complete market research report, including forecasts and market estimates, technologies analysis and developments at innovative firms within the Real Estate & Construction Industry.  Gain vital insights that can help shape strategy for business development, product development and investments.

Key Features:

  • Business trends analysis
  • In-depth industry overview
  • Technology trends analysis
  • Forecasts
  • Spending, investment, and consumption discussions
  • In-depth industry statistics and metrics
  • Industry employment numbers

Additional Key Features Include:

Industry Glossary 

Industry Contacts list, including Professional Societies and Industry Associations

Profiles of industry-leading companies

  • U.S. and Global Firms
  • Publicly held, Private and Subsidiaries
  • Executive Contacts
  • Revenues

  • For Public Companies: Detailed Financial Summaries

  • Statistical Tables

 

Key Questions Answered Include:

  • How is the industry evolving?
  • How is the industry being shaped by new technologies?
  • How is demand growing in emerging markets and mature economies?
  • What is the size of the market now and in the future?
  • What are the financial results of the leading companies?
  • What are the names and titles of top executives?
  • What are the top companies and what are their revenues?

     

This feature-rich report covers competitive intelligence, market research and business analysis—everything you need to know about the Real Estate & Construction Industry.

 

Plunkett Research Provides Unique Analysis of the Following Major Trends Affecting the Real Estate & Construction Industry

  1. Introduction to the Real Estate & Construction Industry

  2. High Interest Rates Hinder Mortgage Originations, Slow Home Sales & Create Challenges for Commercial Real Estate

  3. Online Competition Changes the Mortgage Industry

  4. Apartment Rent Hikes Begin to Slow

  5. Real Estate Online Services Continue to Grow

  6. Internet-Based Home Sales and Court Rulings on Commissions Challenge Residential Brokers

  7. Homes and Commercial Buildings Seek Green Certification

  8. Building Technologies Advance/Robotics & 3D Printing Used in Construction

  9. Baby Boomers Become a Strong Influence in the Housing Market/Universal Design Improves Aging in Place

  10. Real Estate Markets in China Face Challenges

  11. Mixed-Use Developments Go Vertical

  12. Mall and Shopping Center Occupancy Challenged as Online Sales Hurt Stores

  13. Malls Remodel & Update Strategies to Boost Sales and Attract Shoppers

  14. Remodeling Market Slows

  15. Shared Spaces for Co-Living and Co-Working Face Challenges

  16. The Internet of Things (IoT) and the Smart Home

  17. The Future of Housing/The Future of Cities

Plunkett Research Provides In-Depth Tables for the Following Real Estate & Construction Industry Statistics

  1. Real Estate & Construction Industry Statistics and Market Size Overview

  2. Value of U.S. Private Construction Put in Place: 2017-2023

  3. Value of U.S. Public (Government) Construction Put in Place: 2017-2023

  4. Estimates of the Total Housing Inventory for the U.S.: 2022-2023

  5. Commercial, Residential & Farm Mortgages by Holder, U.S.: 2015-2023

  6. Home Mortgages by Holder, U.S.: 2015-2023

  7. Mortgage Loans Outstanding, U.S.: 1985-2023

  8. New Privately-Owned Housing Units Started, U.S.: 1985-2023

  9. Homeownership Rates by Region, U.S.: Selected Years, 1965-2023

  10. Average Sales Prices of New Homes Sold in U.S.: 1963-2023

  11. Median & Average Sales Price of New Single Family Homes by Region, U.S.: 1990-2023

  12. Construction Industry Employment, U.S.: 2019-February 2024

  13. Real Estate & Construction-Related Employment, Niche Sectors U.S.: 2019- February 2024

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This industry onlyPublication date: Jun 2024
ISBN-13: 978-1-64788-531-1
ISBN-13: 978-1-64788-039-2
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