Statistics and Market Data about Construction
In this section, Statista presents the most relevant and up-to-date facts relating to the construction of residential and non-residential buildings. The work performed in this sector may include maintenance and repairs, as well as new work, additions and alterations. Furthermore, the sector includes on-site assembly of prefabricated, panelized or precut buildings. The construction of temporary buildings is also included in this subsector.
Being one of the most important markets for construction, the United States has been hit hard by the 2008 economic crisis, at the center of which lay the underwriting of securities backed by subprime mortgages. However, the fact that the value of residential property is on the increase, in combination with a declining number of foreclosed and under water homes, cautiously hints at a housing market recovery throughout the nation. Beazer Homes, DR Horton, Hovnanian Enterprises, Lennar Corporation, NVR, Meritage Homes, Pulte Group, Ryland and Toll Brothers are counted among the leading homebuilders serving the market in the United States. In terms of non-residential buildings, the most sought-after categories include retail and private office space.
In emerging markets, increasingly affluent consumers are predicted to drive demand for larger residential structures. In order to cater to the needs of a growing customer base, the industry is expected to turn to innovative solutions. Just like in the manufacturing sector, 3D printing is about to make inroads into the construction industry. This process is called additive building construction.