Global Housing

Table of Contents

Table of Contents

1. Executive Summary 26

2. Short-Term Analysis 28

• Economic Forecast 28
• Short-Term Construction Outlook 29
• Short-Term Housing Construction Trends 30

3. Overview 34

• Study Scope 34
• Housing Stock 35
• Historical Trends 35
• Regional Outlook 36
• Types of Housing (Single-Family & Multifamily) 40
• Households & Housing Units 43
• Residential Floor Space (Dwelling Size) 45
• Housing Characteristics 47
• Homeownership 47
• Informal Housing 49
• Social Housing/Affordable Housing 51
• Regulatory Considerations 53

4. New Housing Construction 54

• Historical Trends 54
• Regional Outlook 58
• New Housing by Type 61
• Single-Family Housing 63
• Historical Trends 63
• Regional Outlook 65
• Multifamily Housing 68
• Historical Trends 68
• Regional Outlook 70

5. North America 73

• North America: Housing Market Size 73
• North America: Housing Stock 75
• North America: Historical Trends 77
• North America: New Housing Outlook 79
• United States 82
• United States: Housing Stock 82
• United States: Historical Trends 84
• United States: New Housing Outlook 86
• Mexico 88
• Mexico: Housing Stock 88
• Mexico: Historical Trends 90
• Mexico: New Housing Outlook 92
• Canada 94
• Canada: Housing Stock 94
• Canada: Historical Trends 96
• Canada: New Housing Outlook 98

6. Central & South America 100

• Central & South America: Housing Market Size 100
• Central & South America: Housing Stock 102
• Central & South America: Historical Trends 104
• Central & South America: New Housing Outlook 106
• Brazil 109
• Brazil: Housing Stock 109
• Brazil: Historical Trends 111
• Brazil: New Housing Outlook 113
• Colombia 115
• Colombia: Housing Stock 115
• Colombia: Historical Trends 117
• Colombia: New Housing Outlook 119
• Argentina 121
• Argentina: Housing Stock 121
• Argentina: Historical Trends 123
• Argentina: New Housing Outlook 125
• Peru 127
• Peru: Housing Stock 127
• Peru: Historical Trends 129
• Peru: New Housing Outlook 131
• Chile 133
• Chile: Housing Stock 133
• Chile: Historical Trends 135
• Chile: New Housing Outlook 137
• Venezuela 139
• Venezuela: Housing Stock 139
• Venezuela: Historical Trends 141
• Venezuela: New Housing Outlook 143
• Other Central & South America 145
• Other Central & South America: Housing Stock 145
• Other Central & South America: Historical Trends 147
• Other Central & South America: New Housing Outlook 149

7. Western Europe 151

• Western Europe: Housing Market Size 151
• Western Europe: Housing Stock 153
• Western Europe: Historical Trends 155
• Western Europe: New Housing Outlook 157
• France 160
• France: Housing Stock 160
• France: Historical Trends 162
• France: New Housing Outlook 164
• Germany 166
• Germany: Housing Stock 166
• Germany: Historical Trends 168
• Germany: New Housing Outlook 170
• United Kingdom 172
• United Kingdom: Housing Stock 172
• United Kingdom: Historical Trends 174
• United Kingdom: New Housing Outlook 176
• Spain 178
• Spain: Housing Stock 178
• Spain: Historical Trends 180
• Spain: New Housing Outlook 182
• Netherlands 184
• Netherlands: Housing Stock 184
• Netherlands: Historical Trends 186
• Netherlands: New Housing Outlook 188
• Sweden 190
• Sweden: Housing Stock 190
• Sweden: Historical Trends 192
• Sweden: New Housing Outlook 194
• Italy 196
• Italy: Housing Stock 196
• Italy: Historical Trends 198
• Italy: New Housing Outlook 200
• Greece 202
• Greece: Housing Stock 202
• Greece: Historical Trends 204
• Greece: New Housing Outlook 206
• Belgium 208
• Belgium: Housing Stock 208
• Belgium: Historical Trends 210
• Belgium: New Housing Outlook 212
• Switzerland 214
• Switzerland: Housing Stock 214
• Switzerland: Historical Trends 216
• Switzerland: New Housing Outlook 218
• Ireland 220
• Ireland: Housing Stock 220
• Ireland: Historical Trends 222
• Ireland: New Housing Outlook 224
• Norway 226
• Norway: Housing Stock 226
• Norway: Historical Trends 228
• Norway: New Housing Outlook 230
• Austria 232
• Austria: Housing Stock 232
• Austria: Historical Trends 234
• Austria: New Housing Outlook 236
• Portugal 238
• Portugal: Housing Stock 238
• Portugal: Historical Trends 240
• Portugal: New Housing Outlook 242
• Denmark 244
• Denmark: Housing Stock 244
• Denmark: Historical Trends 246
• Denmark: New Housing Outlook 248
• Finland 250
• Finland: Housing Stock 250
• Finland: Historical Trends 252
• Finland: New Housing Outlook 254
• Other Western Europe 256
• Other Western Europe: Housing Stock 256
• Other Western Europe: Historical Trends 258
• Other Western Europe: New Housing Outlook 260

8. Eastern Europe 262

• Eastern Europe: Housing Market Size 262
• Eastern Europe: Housing Stock 264
• Eastern Europe: Historical Trends 266
• Eastern Europe: New Housing Outlook 268
• Russia 271
• Russia: Housing Stock 271
• Russia: Historical Trends 273
• Russia: New Housing Outlook 275
• Poland 277
• Poland: Housing Stock 277
• Poland: Historical Trends 279
• Poland: New Housing Outlook 281
• Ukraine 283
• Ukraine: Housing Stock 283
• Ukraine: Historical Trends 285
• Ukraine: New Housing Outlook 287
• Romania 289
• Romania: Housing Stock 289
• Romania: Historical Trends 291
• Romania: New Housing Outlook 293
• Czechia 295
• Czechia: Housing Stock 295
• Czechia: Historical Trends 297
• Czechia: New Housing Outlook 299
• Slovakia 301
• Slovakia: Housing Stock 301
• Slovakia: Historical Trends 303
• Slovakia: New Housing Outlook 305
• Hungary 307
• Hungary: Housing Stock 307
• Hungary: Historical Trends 309
• Hungary: New Housing Outlook 311
• Bulgaria 313
• Bulgaria: Housing Stock 313
• Bulgaria: Historical Trends 315
• Bulgaria: New Housing Outlook 317
• Slovenia 319
• Slovenia: Housing Stock 319
• Slovenia: Historical Trends 321
• Slovenia: New Housing Outlook 322
• Other Eastern Europe 324
• Other Eastern Europe: Housing Stock 324
• Other Eastern Europe: Historical Trends 326
• Other Eastern Europe: New Housing Outlook 328

9. Asia/Pacific 330

• Asia/Pacific: Housing Market Size 330
• Asia/Pacific: Housing Stock 332
• Asia/Pacific: Historical Trends 334
• Asia/Pacific: New Housing Outlook 336
• China 340
• China: Housing Stock 340
• China: Historical Trends 342
• China: New Housing Outlook 344
• India 346
• India: Housing Stock 346
• India: Historical Trends 348
• India: New Housing Outlook 350
• Indonesia 352
• Indonesia: Housing Stock 352
• Indonesia: Historical Trends 354
• Indonesia: New Housing Outlook 356
• Vietnam 358
• Vietnam: Housing Stock 358
• Vietnam: Historical Trends 360
• Vietnam: New Housing Outlook 362
• Pakistan 364
• Pakistan: Housing Stock 364
• Pakistan: Historical Trends 366
• Pakistan: New Housing Outlook 368
• Japan 370
• Japan: Housing Stock 370
• Japan: Historical Trends 372
• Japan: New Housing Outlook 374
• Thailand 376
• Thailand: Housing Stock 376
• Thailand: Historical Trends 378
• Thailand: New Housing Outlook 380
• South Korea 382
• South Korea: Housing Stock 382
• South Korea: Historical Trends 384
• South Korea: New Housing Outlook 386
• Philippines 388
• Philippines: Housing Stock 388
• Philippines: Historical Trends 390
• Philippines: New Housing Outlook 392
• Malaysia 394
• Malaysia: Housing Stock 394
• Malaysia: Historical Trends 396
• Malaysia: New Housing Outlook 398
• Australia 400
• Australia: Housing Stock 400
• Australia: Historical Trends 402
• Australia: New Housing Outlook 404
• Taiwan 406
• Taiwan: Housing Stock 406
• Taiwan: Historical Trends 408
• Taiwan: New Housing Outlook 410
• Hong Kong 412
• Hong Kong: Housing Stock 412
• Hong Kong: Historical Trends 414
• Hong Kong: New Housing Outlook 416
• Singapore 418
• Singapore: Housing Stock 418
• Singapore: Historical Trends 420
• Singapore: New Housing Outlook 422
• New Zealand 424
• New Zealand: Housing Stock 424
• New Zealand: Historical Trends 426
• New Zealand: New Housing Outlook 428
• Other Asia/Pacific 430
• Other Asia/Pacific: Housing Stock 430
• Other Asia/Pacific: Historical Trends 432
• Other Asia/Pacific: New Housing Outlook 434

10. Africa/Mideast 436

• Africa/Mideast: Housing Market Size 436
• Africa/Mideast: Housing Stock 438
• Africa/Mideast: Historical Trends 440
• Africa/Mideast: New Housing Outlook 442
• Nigeria 445
• Nigeria: Housing Stock 445
• Nigeria: Historical Trends 447
• Nigeria: New Housing Outlook 449
• Egypt 451
• Egypt: Housing Stock 451
• Egypt: Historical Trends 453
• Egypt: New Housing Outlook 455
• Iran 457
• Iran: Housing Stock 457
• Iran: Historical Trends 459
• Iran: New Housing Outlook 461
• Turkey 463
• Turkey: Housing Stock 463
• Turkey: Historical Trends 465
• Turkey: New Housing Outlook 467
• Saudi Arabia 469
• Saudi Arabia: Housing Stock 469
• Saudi Arabia: Historical Trends 471
• Saudi Arabia: New Housing Outlook 473
• South Africa 475
• South Africa: Housing Stock 475
• South Africa: Historical Trends 477
• South Africa: New Housing Outlook 479
• Iraq 481
• Iraq: Housing Stock 481
• Iraq: Historical Trends 483
• Iraq: New Housing Outlook 485
• United Arab Emirates 487
• United Arab Emirates: Housing Stock 487
• United Arab Emirates: Historical Trends 489
• United Arab Emirates: New Housing Outlook 491
• Israel 493
• Israel: Housing Stock 493
• Israel: Historical Trends 495
• Israel: New Housing Outlook 497
• Other Africa/Mideast 499
• Other Africa/Mideast: Housing Stock 499
• Other Africa/Mideast: Historical Trends 501
• Other Africa/Mideast: New Housing Outlook 503

11. Appendix 505

• Report Details 506
• Definitions 507
• Abbreviations 508
• Freedonia Methodology 509
• Study-Specific Methodology 523
• Sources 524
• Associations & Agencies 525
• Related Studies & Reports 527
• Country Lists by Region 529
• Macroeconomic Assumptions 533
• Economic Environment 534
• Demographic Trends 536
• Per Capita GDP 538