The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2024 and forecasted to 2033

The affordable housing market (4) experienced robust growth, climbing from $54.26 billion in 2023 to $57.62 billion in 2024, with a CAGR of 6.2%. Factors such as government subsidies and urbanization drove this growth. Future growth is projected to reach $71.13 billion by 2028, with a CAGR of 5.4%, fueled by policy reforms and innovative trends like smart and sustainable affordable housing.

Easy access to home loans greatly fuels the affordable housing market, empowering individuals to purchase, build, or renovate homes at lower costs. In May 2023, US household debt soared by $148 billion, reaching $17.05 trillion, indicating a $2.9 trillion balance. This accessibility drives market growth, addressing housing affordability concerns effectively.

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What Are The Key Trends That Influence Affordable Housing Market Share Analysis?

Technological advancements are becoming increasingly popular in the affordable housing market. Major companies in this sector are focusing on developing innovative and advanced solutions to enhance their market presence. For example, in June 2023, AppFolio Inc., a US-based real estate management software company, introduced a range of AI-powered capabilities and affordable housing solutions. These innovations are aimed at empowering property managers to improve resident experiences by streamlining compliance management, procedures, and accounting across both affordable and conventional housing units on a unified platform.

Which Market Players Are Driving Growth In The Affordable Housing Market?

Major companies operating in the affordable housing  market report are Skanska AB, The Related Group, KEC International Limited, L&T Construction, Volunteers of America, Shapoorji Pallonji & Company Private Limited, The Beacon Communities LLC, McCormack Baron Salazar, Prestige Group, The Michaels Organization, Amrapali Group, Pinnacle Housing Group, National Church Residences, BRIDGE Housing Corporation, Shriram Properties Ltd., Dominium, Herman & Kittle Properties Inc., Jonathan Rose Companies LLC, Provident Housing Limited, The Community Builders Inc., AHC Inc., TWG Development, Tata Realty And Infrastructure Limited, The Richman Group, LDG Development LLC, Signature Global Limited, NRP Group, Dantes Partners, XRBIA Developers Limited, Mercy Housing Inc.

How Is The Global Affordable Housing Market Segmented?

The affordable housing market covered in this report is segmented –

1) By Providers: Private Builders, Government, Public-private Partnership
2) By Size of Unit: Upto 400 square feet, 400-800 square feet, Above 800 square feet
3) By Location: Urban, Rural
4) By Income Categories: Economically Weaker Sections (EWS), Middle Income Group (MIG), Lower Income Group (LIG)
5) By Population: Slum Population, Non-slum population

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The Affordable Housing Global Market Report 2024 provides an overview of the affordable housingmarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The affordable housing market forecast analyzes affordable housing market size, affordable housing market share, leading competitor and their market positions.

The Table Of Content For The Affordable Housing Market Include

1. Affordable Housing Market Executive Summary
2. Affordable Housing Market Segments
3. Affordable Housing Market Size And Template Market Growth Rate
4.  Key Affordable Housing Market Trends
5. Major Affordable Housing Market Drivers
……
25. Key Mergers And Acquisitions In The Affordable Housing Market
26. Top Affordable Housing Companies
27. Affordable Housing Market Opportunities And Strategies
28. Affordable Housing Market, Conclusions And Recommendations
29. Appendix

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