Single Family Housing Construction in the US

Post Hurricane Katrina: Recovery the stimulus for growth

The industry has enjoyed good times recently, but the crisis conditions emerging in the subprime lending market have weighed the industry down. Thankfully the future paints a brighter picture, as the industry is forecast to strengthen considerably, reflecting a cyclical recovery in housing demand from the current deep cyclical trough. The devastation caused by Hurricane Katrina is expected to stimulate an unprecedented level of housing demand in the affected region.

This industry comprises establishments primarily responsible for the entire construction (i.e., new work, additions, alterations, and repairs) of single family residential housing units (e.g., single family detached houses, town houses, or row houses where each housing unit is separated by a ground-to-roof wall and where no housing units are constructed above or below). This industry includes establishments responsible for additions and alterations to mobile homes and on-site assembly of modular and prefabricated houses. Establishments identified as single family construction management firms are also included in this industry. Establishments in this industry may perform work for others or on their own account for sale as speculative or operative builders. Kinds of establishments include single family housing custom builders, general contractors, design builders, engineer-constructors, joint-venture contractors, and turnkey contractors. This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are three year industry forecasts, growth rates and an analysis of the industry key players and their market shares.