World Housing

As Quoted In Ceramic Industry

Ongoing rural-to-urban migration and increasing household formation in developing countries will spur construction of new housing units, particularly in the Asia/Pacific and Africa/Mideast regions.

World demand to rise 3.5% annually through 2016

Demand for housing is projected to spur the construction of 60.5 million new housing units in 2016, an increase of 3.5 percent per annum. Ongoing rural-tourban migration and increases in the number of households in developing countries will spur construction of new housing units through 2016. Such urbanization and household formation will generate particularly strong demand for housing in the Asia/Pacific and Africa/ Mideast regions. The Asia/Pacific region will account for 62 percent of the world’s new housing units in 2016, with the Africa/Mideast region comprising an additional 20 percent of the world total.

Industrialized countries to see fastest growth

The strongest annual growth in construction will be in industrialized countries that had depressed housing markets in 2011. For most of these countries, the impressive growth rates will still leave the 2016 level of construction below that of a decade earlier, prior to the global financial crisis and resulting recession. In the US, for example, although new housing construction will advance over 18 percent per year to 1.5 million units in 2016, this figure will represent only 70 percent of the construction activity in 2006. Western Europe will also experience robust growth in new housing construction over the forecast period, rising 6.3 percent per annum to 1.8 million units, which will be roughly twothirds of the level in 2006.

Multifamily housing units to outpace single-family

Multifamily housing units will record faster gains in new construction through 2016 than will single-family units. Increasing urbanization in developing countries will contribute to the trend. In the Africa/Mideast region, for instance, growth in multifamily housing unit construction will accelerate to 4.4 percent per year through 2016. In that region and worldwide, however, singlefamily housing units will continue to constitute a majority of new housing construction.

World housing stock to reach 2.1 billion units

The world housing stock was approaching two billion units in 2011, roughly one percent larger than the number of households. The world stock of housing is expected to increase 1.8 percent per annum through 2016 to 2.1 billion units, a deceleration from the 2001-2011 period as new household formation slows. The most rapid increases in the housing stock will be in the Africa/ Mideast region, fueled by above-average population growth. Gains will be driven both by new household formation and by efforts to expand the availability of housing for families who currently share space in one house.

Study Scope

This study analyzes the 50.7 million unit world housing industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by type (single-family, multi-family), world region and for 22 major countries. The study also considers market environment factors such as world economic and demographic trends, and housing construction expenditures.

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  1. World Housing

    $5,500.00

    1. 1 INTRODUCTION

      $344.00

    2. 2 EXECUTIVE SUMMARY

      $241.00

      1. Table | WORLD HOUSING STOCK & NEW HOUSING UNITS BY REGION

    3. 3 MARKET ENVIRONMENT

      $1,598.00

      1. 3.1 General

        $125.00

      2. 3.2 World Economic Overview

        $564.00

        1. 3.2.1 Recent Historical Trends

          $172.00

        2. 3.2.2 World Economic Outlook

          $391.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2010 dollars)

      3. 3.3 World Demographic Overview

        $544.00

        1. 3.3.1 Population

          $126.00

          1. Table | WORLD POPULATION BY REGION (million persons)

        2. 3.3.2 Urban Population

          $171.00

          1. Table | WORLD URBAN POPULATION BY REGION (million persons)

        3. 3.3.3 Households

          $211.00

          1. Table | WORLD HOUSEHOLDS BY REGION (million units)

      4. 3.4 World Residential Building Construction Expenditures

        $189.00

        1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2010 dollars)

      5. 3.5 Legislation & Regulatory Considerations

        $175.00

    4. 4 OVERVIEW

      $865.00

      1. 4.1 General

        $82.00

      2. 4.2 Housing Stock by Region

        $263.00

        1. Table | WORLD HOUSING STOCK BY REGION (million units)

      3. 4.3 Housing Stock by Housing Type

        $166.00

        1. Table | WORLD HOUSING STOCK BY TYPE (million units)

      4. 4.4 New Housing Demand by Region

        $146.00

        1. Table | WORLD NEW HOUSING UNITS BY REGION (thousands)

      5. 4.5 New Housing Demand by Housing Type

        $240.00

        1. Table | WORLD NEW HOUSING UNITS BY TYPE (thousands)

    5. 5 NORTH AMERICA

      $1,720.00

      1. 5.1 North America: General

        $123.00

      2. 5.2 North America: Housing Stock

        $138.00

        1. Table | NORTH AMERICA: HOUSING STOCK (millions)

      3. 5.3 North America: New Housing Units

        $168.00

        1. Table | NORTH AMERICA: NEW HOUSING UNITS

      4. 5.4 United States: General

        $523.00

        1. Table | UNITED STATES: HOUSING STOCK (millions)

        2. Table | UNITED STATES: NEW HOUSING UNITS

      5. 5.5 Canada: General

        $371.00

        1. Table | CANADA: HOUSING STOCK (millions)

        2. Table | CANADA: NEW HOUSING UNITS

      6. 5.6 Mexico: General

        $398.00

        1. Table | MEXICO: HOUSING STOCK (millions)

        2. Table | MEXICO: NEW HOUSING UNITS

    6. 6 WESTERN EUROPE

      $2,395.00

      1. 6.1 Western Europe: General

        $150.00

      2. 6.2 Western Europe: Housing Stock

        $102.00

        1. Table | WESTERN EUROPE: HOUSING STOCK (millions)

      3. 6.3 Western Europe: New Housing Units

        $155.00

        1. Table | WESTERN EUROPE: NEW HOUSING UNITS

      4. 6.4 Germany: General

        $329.00

        1. Table | GERMANY: HOUSING STOCK (millions)

        2. Table | GERMANY: NEW HOUSING UNITS

      5. 6.5 France: General

        $333.00

        1. Table | FRANCE: HOUSING STOCK (millions)

        2. Table | FRANCE: NEW HOUSING UNITS

      6. 6.6 United Kingdom: General

        $329.00

        1. Table | UNITED KINGDOM: HOUSING STOCK (millions)

        2. Table | UNITED KINGDOM: NEW HOUSING UNITS

      7. 6.7 Italy: General

        $335.00

        1. Table | ITALY: HOUSING STOCK (millions)

        2. Table | ITALY: NEW HOUSING UNITS

      8. 6.8 Spain: General

        $335.00

        1. Table | SPAIN: HOUSING STOCK (millions)

        2. Table | SPAIN: NEW HOUSING UNITS

      9. 6.9 Other Western Europe: General

        $326.00

        1. Table | OTHER WESTERN EUROPE: HOUSING STOCK (millions)

        2. Table | OTHER WESTERN EUROPE: NEW HOUSING UNITS

    7. 7 ASIA/PACIFIC

      $3,873.00

      1. 7.1 Asia/Pacific: General

        $154.00

      2. 7.2 Asia/Pacific: Housing Stock

        $119.00

        1. Table | ASIA/PACIFIC: HOUSING STOCK (millions)

      3. 7.3 Asia/Pacific: New Housing Units

        $129.00

        1. Table | ASIA/PACIFIC: NEW HOUSING UNITS

      4. 7.4 China: General

        $524.00

        1. Table | CHINA: HOUSING STOCK (millions)

        2. Table | CHINA: NEW HOUSING UNITS

      5. 7.5 India: General

        $378.00

        1. Table | INDIA: HOUSING STOCK (millions)

        2. Table | INDIA: NEW HOUSING UNITS

      6. 7.6 Indonesia: General

        $318.00

        1. Table | INDONESIA: HOUSING STOCK (millions)

        2. Table | INDONESIA: NEW HOUSING UNITS

      7. 7.7 Japan: General

        $371.00

        1. Table | JAPAN: HOUSING STOCK (millions)

        2. Table | JAPAN: NEW HOUSING UNITS

      8. 7.8 Thailand: General

        $362.00

        1. Table | THAILAND: HOUSING STOCK (millions)

        2. Table | THAILAND: NEW HOUSING UNITS

      9. 7.9 South Korea: General

        $391.00

        1. Table | SOUTH KOREA: HOUSING STOCK (millions)

        2. Table | SOUTH KOREA: NEW HOUSING UNITS

      10. 7.10 Australia: General

        $327.00

        1. Table | AUSTRALIA: HOUSING STOCK (millions)

        2. Table | AUSTRALIA: NEW HOUSING UNITS

      11. 7.11 Taiwan: General

        $354.00

        1. Table | TAIWAN: HOUSING STOCK (millions)

        2. Table | TAIWAN: NEW HOUSING UNITS

      12. 7.12 Other Asia/Pacific: General

        $445.00

        1. Table | OTHER ASIA/PACIFIC: HOUSING STOCK (millions)

        2. Table | OTHER ASIA/PACIFIC: NEW HOUSING UNITS

        3. Table | OTHER ASIA/PACIFIC: HOUSING STOCK & NEW HOUSING UNITS BY COUNTRY

    8. 8 OTHER REGIONS

      $4,382.00

      1. 8.1 Central & South America

        $1,351.00

        1. Table | CENTRAL & SOUTH AMERICA: HOUSING STOCK (millions)

        2. Table | CENTRAL & SOUTH AMERICA: NEW HOUSING UNITS

        3. 8.1.1 Brazil: General

          $316.00

          1. Table | BRAZIL: HOUSING STOCK (millions)

          2. Table | BRAZIL: NEW HOUSING UNITS

        4. 8.1.2 Argentina: General

          $319.00

          1. Table | ARGENTINA: HOUSING STOCK (millions)

          2. Table | ARGENTINA: NEW HOUSING UNITS

        5. 8.1.3 Other Central & South America: General

          $343.00

          1. Table | OTHER CENTRAL & SOUTH AMERICA: HOUSING STOCK (millions)

          2. Table | OTHER CENTRAL & SOUTH AMERICA: NEW HOUSING UNITS

      2. 8.2 Eastern Europe

        $1,400.00

        1. Table | EASTERN EUROPE: HOUSING STOCK (millions)

        2. Table | EASTERN EUROPE: NEW HOUSING UNITS

        3. 8.2.1 Russia: General

          $364.00

          1. Table | RUSSIA: HOUSING STOCK (millions)

          2. Table | RUSSIA: NEW HOUSING UNITS

        4. 8.2.2 Poland: General

          $313.00

          1. Table | POLAND: HOUSING STOCK (millions)

          2. Table | POLAND: NEW HOUSING UNITS

        5. 8.2.3 Other Eastern Europe: General

          $369.00

          1. Table | OTHER EASTERN EUROPE: HOUSING STOCK (millions)

          2. Table | OTHER EASTERN EUROPE: NEW HOUSING UNITS

      3. 8.3 Africa/Mideast

        $1,629.00

        1. Table | AFRICA/MIDEAST: HOUSING STOCK (millions)

        2. Table | AFRICA/MIDEAST: NEW HOUSING UNITS

        3. 8.3.1 Turkey: General

          $356.00

          1. Table | TURKEY: HOUSING STOCK (millions)

          2. Table | TURKEY: NEW HOUSING UNITS

        4. 8.3.2 South Africa: General

          $368.00

          1. Table | SOUTH AFRICA: HOUSING STOCK (millions)

          2. Table | SOUTH AFRICA: NEW HOUSING UNITS

        5. 8.3.3 Other Africa/Mideast: General

          $513.00

          1. Table | OTHER AFRICA/MIDEAST: HOUSING STOCK (millions)

          2. Table | OTHER AFRICA/MIDEAST: NEW HOUSING UNITS

          3. Table | OTHER AFRICA/MIDEAST: HOUSING STOCK & NEW HOUSING UNITS BY COUNTRY

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