Community Housing Services Global Market Report 2024

The community housing services market size has grown steadily in recent years. It will grow from $91.95 billion in 2023 to $96.01 billion in 2024 at a compound annual growth rate (CAGR) of 4.4%. The growth observed in the historical period can be attributed to factors such as the formation of nonprofit housing organizations, government housing initiatives, the implementation of social housing policies, the rise of cooperative housing, and urban renewal projects.

The community housing services market size is expected to see steady growth in the next few years. It will grow to $113.23 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The anticipated growth in the forecast period can be attributed to factors such as resilience planning, holistic neighborhood development, the expansion of support services, tailored solutions for special populations, and community-centric design. Major trends expected in the forecast period include the promotion of green and sustainable housing initiatives, the exploration of innovative finance mechanisms, efforts towards equitable urban development, recognition of housing as a determinant of health, and the establishment and growth of community land trusts within the community housing sector.

Federal funding for social services stands as a primary catalyst for the community housing services market. Government funding plays a pivotal role in providing shelter for many homeless individuals through various programs worldwide. In the United States, the annual allocation of funds via the Social Services Block Grant (SSBG) supports social services for vulnerable children, adults, and families. India, on the other hand, focuses on housing initiatives such as 'Pradhan Mantri Gramin Awaas Yojana,' aiming to provide pucca houses with basic amenities to homeless families by 2022. Additionally, India's Shelter for Homeless program under the National Urban Livelihood Mission (NULM) offers various shelters, with the government financing 75% of the development expenses. This commitment to different federal funding programs is expected to propel the community housing services market.

The community housing services market is anticipated to experience growth due to an increasing number of crises, including natural disasters and pandemics. Crises demand immediate attention and action, and community housing services play a crucial role during such challenging events by offering temporary shelter, support, and resources. In 2021 alone, there were 432 recorded disastrous events globally, affecting over 101.8 million people and causing significant economic losses. As crises escalate, the demand for community housing services rises, contributing to disaster resilience and public health response efforts.

Leading companies in the community housing services market are prioritizing product innovations, exemplified by initiatives such as Goldeni. Leveraging machine learning, Goldeni provides real-time analytics related to housing. Machine learning algorithms analyze and process data, enabling social housing landlords to monitor building performance, ensuring legal compliance, energy efficiency, and overall property health. For instance, Morgan Sindall Property Services (MSPS) introduced Goldeni in October 2021, offering actionable insights for social housing providers.

In May 2023, Apollo Global Management's impact investing fund, Apollo Impact, completed the acquisition of United Living Group for approximately $370 million. This move demonstrates Apollo's commitment to investing in and acquiring community housing providers with a proven track record of quality, reliability, and positive impact on affordable housing residents and their broader communities. United Living Group, a UK-based company, specializes in essential infrastructure, social housing maintenance, and construction services.

Major companies operating in the community housing services market report are Nestle Community Housing Services Ltd., Community Housing Ltd., Cms Info Systems Ltd., ResMan LLC, CAHEC Management Inc., Truist Insurance Holdings Inc., The Michaels Inc., Converged Services Inc., RealPage Inc., Yardi Systems Inc., The NRP Group LLC, Herman & Kittle Properties Inc., Community Housing Partners, Dominum Ycp Ltd., La Casa Inc., Housing Resources Inc., Knox Housing Partnership Inc., Watchtower Security Inc., LDG Development LLC, Kalamazoo Neighborhood Housing Services, The Pacific Companies, Housing & Neighborhood Development Services, Fair community housing services limited, Crossroads Villa Inc., Dantes Partners LLC, Choice Property Resources Inc., SRM Housing Services Private Limited, Rise Residential Construction, TrashPro LLC, Management Reports Incorporated, National Property Management Strategies Group LLC, Housing Development Finance Corporation Ltd., National Affordable Housing Management Association, New Hampshire Housing Finance Authority, Multifamily Loans, The Community Builders Inc.

Western Europe was the largest region in the community housing services market share in 2023. Asia-Pacific was the second-largest region in the global community housing services market. The regions covered in the community housing services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

The countries covered in the community housing services market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain. Community housing services market consists of revenues earned by entities that provide short term shelter for victims of domestic violence, sexual assault or child abuse, temporary residential shelter for the homeless, runaway youths, and patients and families caught in medical crisis, and transitional housing for low-income individuals and families. The community housing market includes establishments such as shelter homes. Volunteer housing repair organizations that provide low-cost housing in partnership with the homeowner, who assists in construction or repair of a home, and that repair homes for elderly or disabled homeowners, are also included in this market. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The main service types within community housing services include temporary and emergency shelter services, permanent housing support services, transitional and assisted housing services, volunteer construction or repair services, and others. Permanent housing support services aim to combine low-cost housing with best-practice services for individuals and families with disabilities and a history of homelessness. The different types of products offered include single-section homes and multi-section homes. The various end users of these services include victims of domestic violence, sexual assault, or child abuse, homeless and runaway youths, parents and families facing medical crises, low-income individuals and families, the elderly, and people with disabilities.

The community housing services market research report is one of a series of new reports that provides community housing services market statistics, including community housing services industry global market size, regional shares, competitors with a community housing services market share, detailed community housing services market segments, market trends and opportunities, and any further data you may need to thrive in the community housing services industry. This community housing services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.