GITNUX MARKETDATA REPORT 2024

Ai In The Housing Industry Statistics

AI in the housing industry statistics is expected to revolutionize decision-making, improve efficiency, and enhance customer experience through predictive analytics, automation, and personalized recommendations.

In this post, we explore the significant impact of artificial intelligence on the housing industry. With statistics pointing towards transformative growth and advancements, it’s clear that AI is poised to revolutionize how real estate professionals, property managers, and construction companies operate. From predicting property values to reducing construction costs, the potential of AI in this sector is immense. Let’s dive into the data and uncover the game-changing implications of AI in the housing industry.

Statistic 1

"By 2024, the global artificial intelligence market in the construction industry is expected to reach $4.51 billion."

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Statistic 2

"Artificial Intelligence could add $15.7 trillion to the global GDP by 2030, and this will impact the housing industry directly."

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Statistic 3

"85% of property managers are interested in using AI to predict future property values."

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Statistic 4

"AI use could reduce construction costs by up to 20% according to McKinsey."

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Statistic 5

"57.2% of real estate professionals plan to invest in AI capabilities in order to improve property showings."

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Statistic 6

"76% of real estate professionals believe that AI can improve pricing accuracy."

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Statistic 7

"46% of AI companies are focusing on machine learning algorithms for the real estate industry."

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Statistic 8

"63% of people would welcome AI assistance for household tasks according to YouGov."

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Statistic 9

"The AI in construction market is projected to grow at a CAGR of over 33% by 2024."

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Statistic 10

"AI in the real estate market is set to grow nearly 37% by 2029."

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Statistic 11

"73% of real estate professionals say AI will have an impact on home buying in the next five years."

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Statistic 12

"The robot and AI home market is projected to be worth $32.1 billion by 2025."

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Statistic 13

"56% of property managers plan to use AI for maintenance requests and scheduling."

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Statistic 14

"The global AI in construction market is projected to reach a value of $2,326.4 million by 2026."

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Statistic 15

"65% of sales agents reported that they plan to start using AI in the next two years to improve their services."

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Statistic 16

"About 81% of real estate professionals believe that AI and automation will be integral to their company within two years."

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Statistic 17

"Artificial Intelligence in the United States housing and construction industry is set to increase at a CAGR of 34.4% from 2019 to 2026."

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The statistics presented clearly indicate the significant impact that Artificial Intelligence is having and will continue to have on the housing industry. With projections showing substantial growth in the AI market within construction and real estate sectors, it is evident that professionals are recognizing the potential benefits of AI in terms of cost reduction, improved efficiency, and enhanced decision-making processes. The high level of interest and adoption intentions among property managers and real estate professionals, coupled with the forecasted market expansion and positive perceptions towards AI technologies, point towards a future where AI will play a crucial role in shaping the landscape of the housing industry on a global scale in the coming years.

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