Global Housing Outlook by Housing Type, Region and Country, 7th edition

As Quoted In DWM

Urbanization and New Household Formation in China and India to Drive Global Housing Market

Global Housing

Large urban construction projects in China and increasing rural-to-urban migration in India continue to aid new global housing construction, particularly for multifamily housing units. Additionally, new household formation and rising incomes for the under-30 population in these countries is creating a large pool of first-time homebuyers.

Key Findings in the Global Housing Study:

Strong Growth in US Single-Family Housing Completions to Bolster Demand

Through 2021, the rapid growth in new single-family housing construction in the US will boost global gains and make the North America region the fastest growing in the world. Growth will be driven in part by demand finally keeping up with new household formation following the precipitous declines in housing construction during the Great Recession.

Government Programs in Developing Countries to Combat Housing Shortages

Many developing nations in Central & South America, Africa, and the Middle East are suffering from extreme shortages of formal housing units. As a result, several of these countries' governments have enacted national housing programs, varying in scope from providing free housing to offering significant subsidies for home loans and rental units.

Several West European Countries at Risk of a New Housing Bubble

Across much of Western Europe, home prices are reaching record levels and growing at an unsustainable pace. Many governments in the region are enacting measures to curb price growth in order to avoid the potential pitfalls of similar market conditions that contributed to the global financial crisis.

Study Coverage

This study presents historical data (2006, 2011, and 2016) and forecasts for 2021 for new housing construction and housing stock by housing type (single-family and multifamily), region, and country. Regions and countries profiled in the study include:

North America:

  • United States
  • Canada
  • Mexico

Central & South America:

  • Argentina
  • Brazil
  • Chile
  • Colombia
  • Peru
  • Venezuela

Western Europe:

  • Austria
  • Belgium
  • Denmark
  • Finland
  • France
  • Germany
  • Greece
  • Ireland
  • Italy
  • Netherlands
  • Norway
  • Portugal
  • Spain
  • Sweden
  • Switzerland
  • United Kingdom

Eastern Europe:

  • Bulgaria
  • Czech Republic
  • Hungary
  • Poland
  • Romania
  • Russia
  • Slovakia
  • Slovenia
  • Ukraine


  • China
  • Hong Kong
  • India
  • Indonesia
  • Japan
  • Malaysia
  • Philippines
  • Singapore
  • South Korea
  • Taiwan
  • Thailand
  • Vietnam
  • Australia
  • New Zealand


  • Egypt
  • Nigeria
  • South Africa

Middle East:

  • Iran
  • Iraq
  • Israel
  • Saudi Arabia
  • Turkey

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