Community Housing & Homeless Shelters in the US - Industry Market Research Report
Description
Community Housing & Homeless Shelters in the US - Industry Market Research Report
Community Housing & Homeless Shelters in the US
According to the 2022 Annual Homeless Assessment Report (HUD), on any night in 2022, there were 582,5000 persons experiencing homelessness. Six in 10 people sought shelter, but four in 10 were unsheltered. The Community Housing and Homeless Shelters industry comprises small establishments providing shelter, generating revenue from government and charitable sources. As homelessness increases, industry revenue will increase if the homeless seek housing services over unsheltered alternatives. COVID-19 shocked employment, housing prices and poverty rates, leading to housing instability and government action, fostering industry-wide revenue growth at a CAGR of 3.1% to $19.6 billion over the five years to 2023. But revenue reversed in 2023 alone, with a decline of 3.2% as federal funding, the unemployment rate and housing prices dived. Industry profit remained low but steady for the entire period, as nearly all industry companies are nonprofits.
This industry provides a variety of community housing services, including short-term emergency shelter for victims of domestic violence, sexual assault or child abuse; temporary residential shelter for the homeless, runaway youths and parents and families caught in medical crises; transitional housing and assisted living for low-income individuals and families; and volunteer construction or repair of low-cost housing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Community Housing & Homeless Shelters in the US
According to the 2022 Annual Homeless Assessment Report (HUD), on any night in 2022, there were 582,5000 persons experiencing homelessness. Six in 10 people sought shelter, but four in 10 were unsheltered. The Community Housing and Homeless Shelters industry comprises small establishments providing shelter, generating revenue from government and charitable sources. As homelessness increases, industry revenue will increase if the homeless seek housing services over unsheltered alternatives. COVID-19 shocked employment, housing prices and poverty rates, leading to housing instability and government action, fostering industry-wide revenue growth at a CAGR of 3.1% to $19.6 billion over the five years to 2023. But revenue reversed in 2023 alone, with a decline of 3.2% as federal funding, the unemployment rate and housing prices dived. Industry profit remained low but steady for the entire period, as nearly all industry companies are nonprofits.
This industry provides a variety of community housing services, including short-term emergency shelter for victims of domestic violence, sexual assault or child abuse; temporary residential shelter for the homeless, runaway youths and parents and families caught in medical crises; transitional housing and assisted living for low-income individuals and families; and volunteer construction or repair of low-cost housing.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Table of Contents
38 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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