NAICS Code 2332 - Residential Building Construction

NAICS 2332 - Residential Building Construction

NAICS 23 - Construction
NAICS 11 - Sector 11--Agriculture, Forestry, Fishing and Hunting NAICS 21 - Sector 21--Mining NAICS 22 - Sector 22--Utilities NAICS 23 - Sector 23--Construction NAICS 31 - Sector 31-33--Manufacturing NAICS 42 - Sector 42--Wholesale Trade NAICS 44 - Sector 44-45--Retail Trade NAICS 48 - Sector 48-49--Transportation and Warehousing NAICS 51 - Sector 51--Information NAICS 52 - Sector 52--Finance and Insurance NAICS 53 - Sector 53--Real Estate and Rental and Leasing NAICS 54 - Sector 54--Professional, Scientific, and Technical Services NAICS 55 - Sector 55--Management of Companies and Enterprises NAICS 56 - Sector 56--Administrative and Support and Waste Management and Remediation Services NAICS 61 - Sector 61--Educational Services NAICS 62 - Sector 62--Health Care and Social Assistance NAICS 71 - Sector 71--Arts, Entertainment, and Recreation NAICS 72 - Sector 72--Accommodation and Food Services NAICS 81 - Sector 81--Other Services (except Public Administration) NAICS 92 - Sector 92--Public Administration
- NAICS 233 - Building, Developing, and General Contracting
  NAICS 236 - Construction of Buildings NAICS 237 - Heavy and Civil Engineering Construction NAICS 238 - Specialty Trade Contractors NAICS 233 - Building, Developing, and General Contracting NAICS 234 - Heavy Construction NAICS 235 - Special Trade Contractors
  - NAICS 2332 - Residential Building Construction
    NAICS 2332 - Residential Building Construction NAICS 2331 - Land Subdivision and Land Development NAICS 2333 - Nonresidential Building Construction

This NAICS Industry Group includes establishments classified in the following NAICS Industries: 23321, Single-Family Housing Construction; and 23322, Multifamily Housing Construction.

Industry trends:

The Residential Building Construction industry (NAICS 2332) has been experiencing several emerging trends driven by evolving consumer preferences, technological advancements, and changing regulatory landscapes. Sustainability and green construction are gaining significant traction, with an increased emphasis on energy-efficient designs, renewable energy integration, and eco-friendly materials. Homebuyers are becoming more environmentally conscious, demanding homes that minimize carbon footprints and promote sustainable living.

Technological integration is also reshaping the industry. Smart home technologies, ranging from home automation systems to advanced security features, are increasingly being incorporated into new residential buildings. This trend is expected to continue growing as consumers seek more convenience and control over their living environments.

The COVID-19 pandemic has had a lasting impact on residential building trends, with a heightened focus on flexible living spaces. Home designs now often include dedicated home offices, multi-purpose rooms, and outdoor living areas to accommodate remote working and lifestyle changes.

Looking ahead, the industry is expected to face continued challenges related to labor shortages and supply chain disruptions, which could impact project timelines and costs. However, the demand for residential construction remains robust, particularly in suburban and rural areas as more people seek spacious and affordable housing options outside urban centers.

This industry is comprised of:

NAICS 23321 - Single-Family Housing Construction

Explore related industries:

NAICS 4441 - Building Material and Supplies Dealers NAICS 5413 - Architectural, Engineering, and Related Services NAICS 4213 - Lumber and other construction materials wholesalers

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