NAICS 236117 - New Housing Operative Builders
This U.S. industry comprises operative builders primarily responsible for the entire construction of new houses and other residential buildings, single-family and multifamily, on their own account for sale. Operative builders are also known as speculative or merchant builders.
Industry trends:
The New Housing Operative Builders sector (NAICS 236117) is currently experiencing several notable qualitative trends. Firstly, there is a significant shift towards sustainability and environmentally friendly building practices. Builders are increasingly incorporating energy-efficient technologies, renewable energy sources, and sustainable materials into new housing projects, driven by both regulatory requirements and consumer demand for greener living options.
Another trend is the growing emphasis on smart home technologies. New housing developments are increasingly featuring integrated smart systems that enhance convenience, security, and energy efficiency. This includes everything from automated lighting and climate control to advanced security systems and high-speed internet connectivity.
Urbanization continues to shape the industry, with a rising demand for multi-family housing in urban areas. This is partly due to the lifestyle preferences of millennials and Gen Z, who favor proximity to work and amenities. Consequently, there is a trend towards building high-density, mixed-use developments that combine residential, commercial, and recreational spaces.
Moreover, the industry is seeing a push towards modular and prefabricated building methods, which offer the benefits of reduced construction time, lower costs, and less material waste. This approach is gaining traction as builders seek to address labor shortages and improve overall efficiency.
Looking ahead, these trends are expected to continue influencing the New Housing Operative Builders sector. Sustainability, smart technology integration, urbanization, and innovative construction methods are likely to remain key focus areas, shaping the industry’s trajectory in the near future.
This industry is comprised of:
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