|Last Quarterly Update:||9/21/2015|
|SIC Codes:||1521, 1522, 1531|
|Industry Overview||Trends & Challenges||Industry Forecast|
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|Business Challenges||Financial Information||Glossary & Acronyms|
Companies in this industry construct and renovate residential buildings. Major companies include DR Horton, KB Home, Lennar, NVR, and PulteGroup (all based in the US), as well as Country Garden Holdings (Hong Kong), Daiwa House (Japan), Desarrolladora Homex (Mexico), and Carillion (UK).
Globally, residential construction revenue is expected to reach $2.9 trillion by 2017, according to Lucintel. The strongest growth is expected to come from emerging markets in Asia and Latin America.
The US residential construction contracting industry includes about 155,000 establishments (single-location companies and units of multi-location companies) with annual revenue of about $355 billion.
Builders of both single-family and multifamily housing are included in the industry, as are residential remodelers. The industry includes general contractors, who build on land owned by others, and operative builders, who build on land they own or control. Specialty trade contractors such as plumbers and electricians, who often work as subcontractors for residential construction contractors or operative builders, are covered in separate profiles.
Demand is driven by population growth and economic growth. The profitability of individual companies depends on efficient operations and securing favorable building locations. Large builders enjoy economies of scale in purchasing. Small companies can compete effectively by specializing in a certain type of home or by focusing on a specific geographic area.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major products are single-family homes and multifamily buildings. Companies generally specialize in either single-family or multifamily work.
The building process consists ...
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