Global housing demand will rise 2.1 percent annually through 2011. The fastest unit gains will be in the Africa/Mideast region (led by Nigeria) and in Mexico, while China will lead growth in value terms. Rural-to-urban migration in developing regions will spur new housing demand to exceed new household formation.
This study analyzes the 52.2 million unit global housing industry. It presents historical demand data for the years 1996, 2001 and 2006 and forecasts for 2011 and 2016 by housing type (single-family, multifamily); world region (e.g., North America, Western Europe, Asia/Pacific); and for 22 national markets. The study also considers market environment trends and indicators.