Posted in | News

Research and Markets Updates Residential Construction Industry Report

Research and Markets has added the Residential Construction Contractors document to their offering.

The residential real estate construction industry in the US comprises nearly 170,000 institutions (single-location companies as well as divisions of multi-location companies) and has an annual revenue of roughly $260 billion.

Major residential construction companies in the US include DR Horton, Lennar, KB Home, PulteGroup and NVR, and top companies in the international residential construction industry include Sekisui House, a Japanese firm, Gafisa, a Brazilian firm, and Desarrolladora Homex, a Mexican builder.

The multifamily and single-family housing builders are included in the construction industry as residential remodelers. The residential construction industry comprises operative builders and general contractors. Operative builders are those who build on land they control or own and general contractors are those who build on land possessed by others.

Requirement for the new housing is based on population growth and is connected to low interest rates. Large developers have some advantages in marketing and purchasing. However, building methods are primarily the same for small or large builders. Small builders construct most homes in urban markets where small plots are available, while larger builders develop projects on a large portion of land.

In recent years, multifamily buildings and single family homes have been constructed, and of these buildings, 30% are multifamily buildings and 70% are single family homes.

Source: http://www.researchandmarkets.com/

Joel Scanlon

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

Citations

Please use one of the following formats to cite this article in your essay, paper or report:

  • APA

    Scanlon, Joel. (2019, February 22). Research and Markets Updates Residential Construction Industry Report. AZoBuild. Retrieved on November 22, 2024 from https://www.azobuild.com/news.aspx?newsID=14506.

  • MLA

    Scanlon, Joel. "Research and Markets Updates Residential Construction Industry Report". AZoBuild. 22 November 2024. <https://www.azobuild.com/news.aspx?newsID=14506>.

  • Chicago

    Scanlon, Joel. "Research and Markets Updates Residential Construction Industry Report". AZoBuild. https://www.azobuild.com/news.aspx?newsID=14506. (accessed November 22, 2024).

  • Harvard

    Scanlon, Joel. 2019. Research and Markets Updates Residential Construction Industry Report. AZoBuild, viewed 22 November 2024, https://www.azobuild.com/news.aspx?newsID=14506.

Tell Us What You Think

Do you have a review, update or anything you would like to add to this news story?

Leave your feedback
Your comment type
Submit

While we only use edited and approved content for Azthena answers, it may on occasions provide incorrect responses. Please confirm any data provided with the related suppliers or authors. We do not provide medical advice, if you search for medical information you must always consult a medical professional before acting on any information provided.

Your questions, but not your email details will be shared with OpenAI and retained for 30 days in accordance with their privacy principles.

Please do not ask questions that use sensitive or confidential information.

Read the full Terms & Conditions.