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Home Builders in New Jersey

Author.Name IBISWorld United States Last Updated: April 2025 NAICS NJ23611a

Home Builders in New Jersey industry analysis

The Home Builders industry in New Jersey is expected to decline an annualized -x.x% to $x.x billion over the five years to 2025, while the national industry will likely grow at x.x% during the same period. Industry establishments increased an annualized x.x% to x,xxx locations. Industry employment has decreased an annualized -x.x% to x,xxx workers, while industry wages have increased an annualized x% to $x.x million.

Over the five years to 2030, the industry is expected to grow an annualized x.x% to $x.x billion, while the national industry is expected to grow x.x%. Industry establishments are forecast to grow x.x% to x,xxx locations. Industry employment is expected to increase an annualized x% to x,xxx workers, while industry wages are forecast to increase x% to $x.x million.

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About the Home Builders in New Jersey Market Research Report

What’s Included in the Home Builders in New Jersey Market Research Report

Definition of the Home Builders in New Jersey?

Industry operators primarily construct single-family homes, in which units are separated by ground-to-roof walls with no other units above or below. The industry also encompasses the remodeling of houses and other residential buildings. Industry operators include general contractors, design-build companies and single-family construction management companies acting as general contractors and builders.

What’s included in the Home Builders in New Jersey?

The Home Builders in New Jersey includes single-family homebuilding and general contracting (i.e. detached housing units, townhouses and row houses), managing single-family housing construction, low-income single-family housing construction, managing residential remodeling construction and handyman construction for residential buildings. Related terms covered in the Home Builders in New Jersey industry report includes the number of new homes under construction during a specified period of time and a key economic indicator of the health of the housing market, an individual or company that manages the construction of a structure for a property owner or developer. a general contractor may retain its own labor force or use subcontractors for projects, an enterprise that prepares a real estate site for residential or commercial use, raising capital, securing zoning approvals and hiring contractors to design, construct and develop property, an asset-backed security or debt obligation that is secured by a mortgage or collection of mortgages and a type of mortgage in which the interest rate that is paid on the outstanding balance is variable.

Industry Performance of the Home Builders industry in New Jersey

Benchmark the Home Builders in New Jersey industry performance with all NJ county and national performance.

Home Builders in New Jersey

#11 in Highest Revenue 2.3% of state's GDP
Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

Home Builders in the US


Revenue (2025)
Annual Growth (2020-25)
Annual Growth (2025-30)

For the full list of industry drivers, see report purchase options.

Key Drivers of the Home Builders industry in New Jersey

See how key industry drivers, such as newly issued building permits, private investment in non-residential construction, house price index, value of residential construction, housing starts and number of households are impacting Home Builders in New Jersey

New Jersey Economic Indicators

Newly issued building permits
Private Investment in Non-Residential Construction
House Price Index

View more economic information in NJ State Economic profile

US Key External Drivers

Value of residential construction
Housing starts
Number of households

For the full list of industry drivers, see report purchase options.

County Data of the Home Builders industry in New Jersey

Access proprietary data on county in the Home Builders in New Jersey, such as Bergen County, Essex County and Ocean County. Data includes figures on revenue, establishments, employees and wages by counties.

Key Statistics of the Home Builders industry in New Jersey

Download 18 years of historical data and 5 years of projected performance.

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Top Questions Answered in this Report

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What is the market size of the Home Builders industry in New Jersey in 2025?

The market size of the Home Builders industry in New Jersey is $3.8bn in 2025.

How many businesses are there in the Home Builders industry in New Jersey in 2025?

There are 11,949 businesses in the Home Builders industry in New Jersey, which has been growing at an average annual rate of 0.2% from 2020 to 2025.

Has the Home Builders industry in New Jersey grown or declined over the past 5 years?

The market size of the Home Builders industry in New Jersey has been declining at an average annual rate of -0.6% from 2020 to 2025.

How many employees in the Home Builders industry in New Jersey in 2025?

There are 18,065 employees in the Home Builders industry in New Jersey, which has been declining at an average annual rate of -0.5% from 2020 to 2025.