$192.7bn
$XX.Xbn
156k
63,660
$XX.Xbn
Housing developers have endured some volatility. While low interest rates incentivized new construction, high unemployment hindered expansion in building single-family homes in 2020. Interest rates remaining low and consumer confidence returning to growth in 2021 led to the most considerable growth for housing developers. Still, interest rate hikes in 2022 and 2023 dissuaded investment and consumer spending. Overall, revenue has been falling at a CAGR of 1.6% over the past five years to total an estimated $192.7 billion in 2024, including an estimated dip of 0.8% in 2024 alone, as profit remains deflated at 5.2%.
Industry revenue has declined at a CAGR of 1.6 % over the past five years, to reach an estimated $192.7bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
---|---|---|---|---|
D.R. Horton, Inc. | 3,445.0 | 509.5 | 14.8 | |
Lennar Corp | 3,367.1 | 582.8 | 17.3 | |
Pultegroup Inc. | 1,622.9 | 291.6 | 18.0 |
To view the market share and analysis for all 3 top companies in this industry, view purchase options.
Industry revenue is measured across several distinct product and services lines, including Single-family detached homes, Single-family attached homes and Multifamily homes. Single-family detached homes is the largest segment of the Housing Developers in the US.
Single-family homes' dominance in the market comes in jeopardy
The industry is primarily engaged in the development of new homes on land owned or controlled by the builder rather than the home buyer or investor. It includes operators that build single-family or multifamily homes. These operators are often referred to as merchant or speculative builders, but they're also known as production-for-sale builders.
Purchase this report to view all 3 major companies in this industry.
NAICS 236117 - Housing Developers in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
High interest rates hurt housing developers' expansion. Earlier, lower rates spurred growth, yet recent increases have notably affected developers' earnings and buyer tendenc...
Learn about an industry's products and services, markets and trends in international trade.
The hunt for affordable living near business hubs boosted multifamily housing. This trend is bolstered by the boom in mixed-use and dense residential developments, reflecting...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Housing developers are flocking to populated areas. Leading states like Texas and California are experiencing an upswing in household formation because of increasing migratio...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
There is fierce competition among housing developers. Housing developers look to differentiate themselves through location, pricing, product uniqueness, quality and reputatio...
Learn about the performance of the top companies in the industry.
Strategic partnerships bolster Lennar Corporation's market dominance. By joining forces with Veev technology and ION, the company has notably enhanced the efficiency of its h...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Housing developers primarily rely on public aid. Key assistance comes via Housing and Urban Development Programs and government subsidies that offer developers tax breaks.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Surging purchase costs are eating into developers' profits. Developers who are unable to pass on these higher expenses have seen a drop in their profit.
Including values and annual change:
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Unlock comprehensive answers and precise data upon purchase. View purchase options.
The market size of the Housing Developers in the US industry in United States is $192.7bn in 2024.
There are 63,660 businesses in the Housing Developers in the US industry in United States, which has grown at a CAGR of 0.4 % between 2019 and 2024.
The market size of the Housing Developers in the US industry in United States has been declining at a CAGR of 1.6 % between 2019 and 2024.
Over the next five years, the Housing Developers in the US industry in United States is expected to grow.
The biggest companies operating in the Housing Developers market in United States are D.R. Horton, Inc., Lennar Corp and Pultegroup Inc.
Development of detached single-family homes on own land for sale and Development of attached single-family homes on own land for sale are part of the Housing Developers in the US industry.
The company holding the most market share in United States is D.R. Horton, Inc..
The level of competition is high and steady in the Housing Developers in the US industry in United States.