Housing Markets That Changed the Most
Think of the word home, and you may conjure up an image of a cozy bungalow, high-rise condo, or tidy garden apartment.
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But the concept of a home is changing, and so is the way that homes are constructed. The abode that people equate with comfort, safety, and family is being transformed into something new by a confluence of factors. Among them are population growth, a shortage of affordable housing, sustainability regulations, and a construction industry that’s in the middle of a technology revolution.
The industry is building new forms of housing that are affordable, shared, ecofriendly, flexible, stylish, or healthy.
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Around the world, the industry is building new forms of housing that are affordable, shared, ecofriendly, flexible, stylish, or healthy. These alternatives to traditional homes already make up 4% to 6% of all new residential units built in any given year, according to research from Boston Consulting Group. The indicators of future demand in our study suggest that the portion of new units represented by futuristic housing forms will continue to increase over the next dozen years.