The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

Rising housing demand is likely to stimulate innovation in single-family dwelling building (individual houses), boosting the industry during the forecast period.

The global single-family housing construction (individual houses) market is expected to grow from $747.34 billion in 2022 to $797.20 billion in 2023 at a compound annual growth rate (CAGR) of 6.7%. The global single-family housing construction (individual houses) market size is expected to reach $981.26 billion in 2027 at a CAGR of 5.3%.

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Global Single-Family Housing Construction (Individual Houses) Market Segments Include:

• By Type: Permanent, Relocatable
• By Material: Steel, Wood, Concrete, Other Materials
• By Application: Residential, Commercial, Industrial
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global single-family housing construction (individual houses) market in 2021.

Major Market Players in the single-family housing construction (individual houses) market include Red Sea Housing Services Co., Skanska AB, Bouygues Construction SA, ACS Group, Lindal Cedar Homes Inc., Kiewit Corporation, Balfour Beatty plc.

Technological developments are a crucial trend that is gaining traction in the market for single-family home construction (individual houses). To simplify construction in terms of time and cost, major companies in the single-family home construction (individual houses) market are developing using advanced technologies such as modular construction, AI, digital twins, blockchain technology, virtual and augmented reality, 4D simulations, and 3D printing. For example, in January 2023, the South African government’s Department of Science and Innovation (DSI), which is responsible for scientific research, including space programmes, and the University of Johannesburg (UJ), a South African university, launched South Africa’s first printed building using a 3D concrete printer. 3D concrete printing is a construction process that uses computer-controlled robots to print 3D structures for houses and other infrastructure. The printer’s path is pre-programmed and prints layer by layer.

The Single-Family Housing Construction (Individual Houses) Global Market Report 2023  provides a single-family housing construction (individual houses) market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The single-family housing construction (individual houses) market forecast analyzes single-family housing construction (individual houses) market size, single-family housing construction (individual houses) market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

A self-contained residential structure is referred to as a single-family dwelling construction. These houses are meant to be used as single-family living units, with a single owner, no shared walls, and their own land.

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