Residential Building Construction in California - Industry Market Research Report

Residential Building Construction in California - Industry Market Research Report

  • March 2020 •
  • 26 pages •
  • Report ID: 5876829 •
  • Format: PDF
Well built: Demand for multifamily construction will likely drive industry demand

Abstract

Residential Building Construction in California
The Residential Building Construction industry in California is expected to grow over the five years to 2017. This projected growth is largely attributed to a rapid increase in home price values. In addition, multifamily building construction companies have benefited from falling rental vacancy rates, which has spurred growth in demand for new multifamily structures. Over the five years to 2022, revenue is expect to continue to increase, albeit at a slower pace than during the previous five-year period. However, sales growth will be largely driven by low rental vacancy rates, which will further drive up demand for multifamily construction projects. Foreign investment trends will also contribute to the rise in demand in residential construction projects.

Industry operators primarily construct single-family homes, where units are separated by ground-to-roof walls and have no units above or below. The industry also includes remodeling of houses and other residential buildings. Industry operators are general contractors, design-build companies and single-family construction management companies acting as general contractors and builders. This industry excludes work performed by nonemployers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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