Press Release

United States Real Estate Market to Grow at a CAGR of 2.8% During 2024-2032, Aided by the Increasing Demand for Residential Real Estate and Increased Government Investment

United States Real Estate Market

According to a new report by EMR titled, ‘United States Real Estate Market Report and Forecast 2024-2032’, the market attained a value of about USD 3.43 trillion in 2023. The market is further estimated to grow at a CAGR of 2.8% in the forecast period of 2024-2032 to reach a value of USD 4.40 trillion by 2032.

The United States real estate market is expected to grow due to a steady economic expansion nationwide. Presently, there is a surge in housing demand across cities and regions characterised by strong job opportunities and the expansion of various industries, consequently driving up prices. Additionally, numerous parts of the United States are grappling with a shortage of homes available for purchase, intensifying competition among buyers and exerting a notable impact on the market growth.

 

Furthermore, shifts in demographics, including the millennial generation entering the home-buying stage and baby boomers downsizing or relocating, are shaping the demand for housing in diverse locations and property categories throughout the country.

 

In addition, the enforcement of government policies and regulations concerning housing, taxation, zoning, and lending practices is playing a crucial role in driving the market growth. Alterations in policies, such as the introduction of tax incentives for homeownership or the implementation of affordable housing initiatives, are impacting buyer behaviour and shaping market conditions.

 

In October 2022, Simon Property Group Inc (NYSE: SPG) declared to purchase a 50% stake in Jamestown from the founding partners of the latter. This collaboration is deemed strategically advantageous for SPG, as it expects the acquisition of its share in Jamestown to positively impact its earnings.

 

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Market Breakup by Type, Property, and Region:

  • The market on the basis of type can be divided into sales, rental, and lease.
  • Based on property, the market can be divided into residential, commercial, industrial, and land.
  • The regional markets for real estate include New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.

 

Key Findings of the Report:

  • The United States real estate market is expected to be significantly influenced by the widespread adoption of work-from-home policies, marking a key trend with long-term implications. As an increasing number of individuals transition to remote work, there is a notable shift in the demand for residential real estate, moving away from major cities and their suburbs towards more affordable and remote locations.
  • The growth of the US real estate market is being propelled by the escalating integration of technology in the sector. The increasing use of dedicated apps and websites is facilitating convenient access to an extensive array of properties, while virtual reality enhances immersive remote experiences. Technology enables users to explore real estate offerings nationwide, streamlining both rental and purchasing processes for a more efficient and accessible experience.
  • The United States government plays a substantial role as an investor in the real estate market, contributing to the advancement of crucial infrastructure, commercial real estate, and urban development, which contributes to a favourable market outlook. National initiatives focused on real estate serve as catalysts for growth in smaller cities, fostering expansion by enhancing facilities that attract both the general public and commercial investors alike.

 

Key Offerings of the Report:

  • The EMR report gives an overview of the US real estate market for the periods (2018-2023) and (2024-2032).
  • The report also offers the historical (2018-2023) and forecast (2024-2032) markets for the type, property, and region of real estate in the United States.
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with an assessment of the SWOT and Porter’s Five Forces models.

 

The major players in the United States real estate market include Brookfield Corporation, Prologis, Inc., Simon Property Group, L.P., AvalonBay, Inc., Equity Residential, CBRE, Inc., Jones Lang LaSalle Incorporated, Colliers International Group Inc., Greystar Worldwide, LLC, and Lincoln Property Company, among others. The comprehensive report by EMR looks into the market share, capacity, and latest developments like mergers and acquisitions, plant turnarounds, and capacity expansions of the major players.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Type
  • Property
  • Region
Breakup by Type
  • Sales
  • Rental
  • Lease
Breakup by Property
  • Residential
  • Commercial
  • Industrial
  • Land
Breakup by Region
  • New England
  • Mideast
  • Great Lakes
  • Plains
  • Southeast
  • Southwest
  • Rocky Mountain
  • Far West
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Brookfield Corporation
  • Prologis, Inc.
  • Simon Property Group, L.P.
  • AvalonBay, Inc.
  • Equity Residential
  • CBRE, Inc.
  • Jones Lang LaSalle Incorporated
  • Colliers International Group Inc.
  • Greystar Worldwide, LLC
  • Lincoln Property Company
  • Others

 

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

 

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

 

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