Global construction of new housing units projected to reach 62 million in 2018 on 3.2% yearly advances from 2013, with multifamily unit construction expected to outpace single-family construction through 2018, finds report

Allison Oesterle

LONDON , July 9, 2014 (press release) – Reportbuyer.com has added a new market research report:

World Housing Market

https://www.reportbuyer.com/product/701944/World-Housing-Market.html

World demand to rise 3.2%annually through 2018

Worldwide construction of new housingunits is projected to reach 62.0 million in2018 on 3.2 percent yearly advances from2013. Although global population growthis expected to decelerate over the forecastperiod, declines in average householdsize will support 1.6 percent annualgrowth in the number of households,which will in turn boost demand for newhousing. Changes in population distribution,primarily due to rural-to-urbanmigration, will also bolster demand fornew housing units in urban areas.

Multifamily housing unitsto outpace single-family

Through 2018 construction of multifamilyhousing units is projected to outpacethat of single-family housing units.Rural-to-urban migration will be particularlystrong in the Asia/Pacific region,which will drive regional demand forhousing in urban areas. Worldwide,construction of new multifamily unitswill increase 3.5 percent annually through2018 to 26.2 million units, with 70percent of growth taking place in theAsia/Pacific region. Nevertheless, in thatregion and worldwide, single-familydwellings will continue to make up themajority of new housing units.

Average size of newhousing units to rebound

The average size of a new housing unitfell to 89 square meters in 2008 andremained at that size in 2013 due to thesharp declines in new unit completions inNorth America and Western Europe,where units tend to be larger. The averagenew dwelling size is forecast to expand to93 square meters in 2018. Two factorswill support this growth: rising personalincomes, particularly in developingcountries, and recovering residentialconstruction in developed regions toclose to historical levels. In general, newunits will be larger than existing units,reflective of rising standards of livingacross the globe.

Developed countries to seefastest gains in demand

Developed countries that suffered dramaticdeclines in residential constructionaround the time of the 2009 global economicrecession are forecast to exhibitthe fastest gains in construction of newhousing units through 2018, thoughgrowth will typically be from a depressed2013 base. North America can expectannual advances of 7.9 percent whileWestern Europe can expect a 6.1 percentper annum increase in construction ofnew housing units.

Asia/Pacific, Africa/Mideastregions to see largest gains

The largest absolute gains in constructionof new housing units are expected to bein the Asia/Pacific and Africa/Mideastregions. The Asia/Pacific region, led byChina, is projected to be home to overthree-fifths of the new dwellings constructedin the world in 2018. Between2013 and 2018, new unit constructionwill increase by 4.8 million units to 38.5million on 2.7 percent annual growth.New dwelling construction in the Africa/Mideast region is expected to reach 13.0million in 2018 on 3.7 percent annualgrowth, with absolute gains of over 2.1million units, supported by above averagepopulation growth and householdformation.

Study coverage

Details on these and other key findingsare contained in the upcoming industry study, World Housing. It presents historical demand data for 2003, 2008 and 2013, as well asforecasts for 2018 and 2023 for housingstock and new housing units by type(single-family, multifamily), world regionand for 22 major countries. This studyalso considers key market environmentfactors such as world economic trends,demographics and residential constructionexpenditures.

TABLE OF CONTENTS

INTRODUCTION ix
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT 4
General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 7
World Demographic Overview 10
Population 11
Urban Population 13
Households 16
Per Capita GDP 18
World Residential Building Construction Expenditures 20
Legislation & Regulatory Considerations 23
III. OVERVIEW 26
General 26
Housing Stock by Region 26
Housing Stock by Housing Type 31
Housing Quality 33
Informal Housing 34
Access to Water and Sewage Facilities 36
Access to Electricity 42
New Housing Demand by Region 44
New Housing Demand by Type 46
IV. NORTH AMERICA 49
General 49
Housing Stock 50
New Housing Units 52
United States 54
Canada 60
Mexico 66
V. WESTERN EUROPE 73
General 73
Housing Stock 74
New Housing Units 76
Germany 78
France 84
United Kingdom 89
Italy 95
Spain 100
Other Western Europe 106
VI. ASIA/PACIFIC 113
General 113
Housing Stock 114
New Housing Units 117
China 119
India 126
Indonesia 132
Japan 138
Thailand 143
South Korea 149
Australia 155
Taiwan 160
Other Asia/Pacific 164
VII. OTHER REGIONS 172
Central & South America 172
Brazil 178
Argentina 184
Other Central & South America 189
Eastern Europe 194
Russia 200
Poland 206
Other Eastern Europe 211
Africa/Mideast 216
Turkey 221
South Africa 226
Other Africa/Mideast 232

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY
Summary Table 3
SECTION II -- MARKET ENVIRONMENT
1 World Gross Domestic Product by Region 10
2 World Population by Region 13
3 World Urban Population by Region 15
4 World Households by Region 18
5 World Per Capita Gross Domestic Product by Region 20
6 World Residential Building Construction Expenditures
by Region 23
SECTION III -- OVERVIEW
1 World Housing Stock by Region 29
2 World Housing Stock by Type 33
3 World New Housing Units by Region 45
4 World New Housing Units by Type 48
SECTION IV -- NORTH AMERICA
1 North America: Housing Stock 51
2 North America: New Housing Units 54
3 United States: Housing Stock 57
4 United States: New Housing Units 60
5 Canada: Housing Stock 63
6 Canada: New Housing Units 66
7 Mexico: Housing Stock 69
8 Mexico: New Housing Units 72
SECTION V -- WESTERN EUROPE
1 Western Europe: Housing Stock 75
2 Western Europe: New Housing Stock 78
3 Germany: Housing Stock 81
4 Germany: New Housing Units 84
5 France: Housing Stock 86
6 France: New Housing Units 89
7 United Kingdom: Housing Stock 92
8 United Kingdom: New Housing Units 95
9 Italy: Housing Stock 98
10 Italy: New Housing Units 100
11 Spain: Housing Stock 103
12 Spain: New Housing Units 106
13 Other Western Europe: Housing Stock 109
14 Other Western Europe: New Housing Units 112
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Housing Stock 116
2 Asia/Pacific: New Housing Units 119
3 China: Housing Stock 122
4 China: New Housing Units 126
5 India: Housing Stock 129
6 India: New Housing Units 132
7 Indonesia: Housing Stock 135
8 Indonesia: New Housing Units 137
9 Japan: Housing Stock 140
10 Japan: New Housing Units 143
11 Thailand: Housing Stock 146
12 Thailand: New Housing Units 148
13 South Korea: Housing Stock 152
14 South Korea: New Housing Units 154
15 Australia: Housing Stock 157
16 Australia: New Housing Units 159
17 Taiwan: Housing Stock 162
18 Taiwan: New Housing Units 164
19 Other Asia/Pacific: Housing Stock 167
20 Other Asia/Pacific: New Housing Units 170
21 Other Asia/Pacific: Housing Stock & New Housing Units
by Country 171
SECTION VII -- OTHER REGIONS
1 Central & South America: Housing Stock 175
2 Central & South America: New Housing Units 178
3 Brazil: Housing Stock 181
4 Brazil: New Housing Units 184
5 Argentina: Housing Stock 186
6 Argentina: New Housing Units 189
7 Other Central & South America: Housing Stock 191
8 Other Central & South America: New Housing Units 194
9 Eastern Europe: Housing Stock 197
10 Eastern Europe: New Housing Units 200
11 Russia: Housing Stock 203
12 Russia: New Housing Units 205
13 Poland: Housing Stock 208
14 Poland: New Housing Units 210
15 Other Eastern Europe: Housing Stock 213
16 Other Eastern Europe: New Housing Units 215
17 Africa/Mideast: Housing Stock 218
18 Africa/Mideast: New Housing Units 221
19 Turkey: Housing Stock 224
20 Turkey: New Housing Units 226
21 South Africa: Housing Stock 229
22 South Africa: New Housing Units 231
23 Other Africa/Mideast: Housing Stock 234
24 Other Africa/Mideast: New Housing Units 236
25 Other Africa/Mideast: Housing Stock & New Housing
Units by Country 238

LIST OF CHARTS

SECTION III -- OVERVIEW
1 World Housing Stock by Region, 2013 30
2 World Growth in Households & Housing Stock, 2003-2023 30
3 World Urban Slum Population, 2003-2013 36
4 Percent of Population with Access to Improved Water
Supplies, 2013 38
5 Percent of Population with Access to Improved Sanitation
Facilities, 2013 39
6 Disparity between Urban & Rural Access to Improved Water
Supplies, 2013 40
7 Disparity between Urban & Rural Access to Improved
Sanitation Facilities, 2013 41
8 Percent of Population with Electrical Power in Their
Homes, 2013 43
9 World New Housing Units by Region, 2018 46
SECTION IV -- NORTH AMERICA
1 North America: Growth in Households & Housing Stock,
2003-2023 52
2 United States: Growth in Households & Housing Stock,
2003-2023 58
3 Canada: Growth in Households & Housing Stock,
2003-2023 64
4 Mexico: Growth in Households & Housing Stock,
2003-2023 70
SECTION V -- WESTERN EUROPE
1 Western Europe: Growth in Households & Housing Stock,
2003-2023 76
2 Germany: Growth in Households & Housing Stock,
2003-2023 82
3 France: Growth in Households & Housing Stock,
2003-2023 87
4 United Kingdom: Growth in Households & Housing Stock,
2003-2023 93
5 Italy: Growth in Households & Housing Stock, 2003-2023 99
6 Spain: Growth in Households & Housing Stock, 2003-2023 104
7 Other Western Europe: Growth in Households & Housing
Stock, 2003-2023 110
SECTION VI -- ASIA/PACIFIC
1 Asia/Pacific: Growth in Households & Housing Stock,
2003-2023 117
2 China: Growth in Households & Housing Stock, 2003-2023 123
3 India: Growth in Households & Housing Stock, 2003-2023 130
4 Indonesia: Growth in Households & Housing Stock,
2003-2023 136
5 Japan: Growth in Households & Housing Stock, 2003-2023 141
6 Thailand: Growth in Households & Housing Stock,
2003-2023 147
7 South Korea: Growth in Households & Housing Stock,
2003-2023 153
8 Australia: Growth in Households & Housing Stock,
2003-2023 158
9 Taiwan: Growth in Households & Housing Stock,
2003-2023 163
10 Other Asia/Pacific: Growth in Households & Housing Stock,
2003-2023 168
SECTION VII -- OTHER REGIONS
1 Central & South America: Growth in Households & Housing
Stock, 2003-2023 176
2 Brazil: Growth in Households & Housing Stock, 2003-2023 182
3 Argentina: Growth in Households & Housing Stock,
2003-2023 187
4 Other Central & South America: Growth in Households &
Housing Stock, 2003-2023 192
5 Eastern Europe: Growth in Households & Housing Stock,
2003-2023 198
6 Russia: Growth in Households & Housing Stock, 2003-2023 204
7 Poland: Growth in Households & Housing Stock, 2003-2023 209
8 Other Eastern Europe: Growth in Households & Housing
Stock, 2003-2023 214
9 Africa/Mideast: Growth in Households & Housing Stock,
2003-2023 219
10 Turkey: Growth in Households & Housing Stock, 2003-2023 225
11 South Africa: Growth in Households & Housing Stock,
2003-2023 230
12 Other Africa/Mideast: Growth in Households & Housing
Stock, 2003-2023 235

Read the full report:
World Housing Market

https://www.reportbuyer.com/product/701944/World-Housing-Market.html

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Sarah Smith
Research Advisor at Reportbuyer.com
Email: query@reportbuyer.com
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