WRE News May 7, 2024
Buyer
The market for fencing around U.S. residential and commercial properties is projected to grow from $8.8 billion in 2023 to $14.1 billion by 2032, according to a new forecast from DataHorizzon.
The anticipated growth will total a compound annual growth rate of 5.3%. And while new construction is cited as being among the main components behind this growth, the new report also cited concerns over crime as fueling the fencing market.
“A major factor driving the U.S. fencing market is the security and safety of both residential and commercial property,” said the report. “The cases of trespassing, squatters, and burglaries have been steadily rising in the country, which has resulted in a greater number of people investing in building strong security and fencing at their residences. For commercial properties, owing to big heists in commercial and industrial sectors, the organizations are not risking relying solely on alarm clocks and CCTVs for protection. Thus, they are opting to strengthen their physical site security systems through fences around the area, thus driving the demand for the U.S. Fencing market.”
Stay up to date on the latest real estate trends.
Lifestyle
June 22, 2025
While anyone with a fence surrounding their property can let their dogs roam free without the fear of them running away (or worse), those without property pet security… Read more
Buyer
June 22, 2025
Mortgage rates continued to inch down in the latest Primary Mortgage Market Survey published by Freddie Mac (OTCQB: FMCC).
Buyer
June 22, 2025
California recorded 254,190 closed escrow sales of existing, single-family detached homes in May, according to data from the California Association of Realtors (CAR).
Buyer
June 21, 2025
In welcome news for house hunters, the domestic housing market is beginning to show signs of becoming more buyer-friendly, with cooling prices and a growing number of … Read more
Seller
June 21, 2025
It’s hard to let go of a 3% mortgage rate.
Lifestyle
June 21, 2025
This month marks the official start of summer, so if you haven't already solidified your summer travel itinerary, you need to get on it, pronto!
We Guide Homeowners through the complicated process of selling their home using our 4 Phase Selling Process and 3 Prong Marketing Strategy that alleviates their stress and moves them effortlessly to their next destination. Schedule a 15 Minute Complimentary Strategy Session Today