Global Housing Industry Report 2023: Construction of New Housing is Forecast to Advance 2.1% per Year through 2028 Following a Decline in 2023 vs 2022 - ResearchAndMarkets.com
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Thursday, February 8, 2024
Although such conditions are expected to moderate in many countries, housing affordability will remain a major hurdle in new housing construction.
Key Points:
- Although such conditions are expected to moderate in many countries, housing affordability will remain a major hurdle in new housing construction.
- Global construction of new housing is forecast to advance 2.1% per year through 2028 to 62.0 million units.
- Multifamily housing units are contained in a building or complex along with other multifamily units (e.g., apartments, condominiums, townhouses).
- Single-family dwellings accounted for 62% of the global housing stock in 2023 and are the most prevalent type of housing in rural areas.