Residential Construction in North America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2012-16, and forecast to 2021). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
SynopsisEssential resource for top-line data and analysis covering the North America residential construction market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
The residential construction market is defined as the value of work put in place annually for residential buildings. This includes apartments, houses, and similar buildings, but not hotels etc. Market value includes new build and also renovations and repair; it includes construction of buildings and also preparatory work and completion (demolition, site preparation, electrical and plumbing installation, etc). All currency conversions were carried out at constant average annual 2015 exchange rates.
The North American residential construction sector is expected to generate total revenues of $503.8bn in 2016, representing a compound annual growth rate (CAGR) of 7.7% between 2012 and 2016.
In the US, average monthly sales of new homes fell significantly during the 2008-2011 period compared to 2000-2007, but in 2014 and 2016 there was an increase in this indicator. This will tend to increase residential construction activity.
The residential construction is sensitive to the impact of monetary policies on interest rates and, consequently, on the availability cheap mortgages. These policies have had a positive impact on the performance of the residential market in the United States. Drivers of market growth in Canada include migration and urbanization.
Save time carrying out entry-level research by identifying the size, growth, and leading players in the residential construction market in North America
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the residential construction market in North America
Leading company profiles reveal details of key residential construction market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the North America residential construction market with five year forecasts
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What was the size of the North America residential construction market by value in 2016?
What will be the size of the North America residential construction market in 2021?
What factors are affecting the strength of competition in the North America residential construction market?
How has the market performed over the last five years?
How large is North America’s residential construction market in relation to its regional counterparts?