World Housing

As Quoted In Ceramic Industry

Growth in new housing units will be driven by an increasing number of households -- even as world population decelerates -- and increased rural-to-urban migration, especially in developing countries.

World new housing units to grow 3.3% annually

Worldwide construction of new housing units is expected to increase 3.3 percent per annum to 60.9 million units in 2017. Even though expansion of the world population is projected to decelerate, a declining average household size will still allow the number of households in the world to grow 1.5 percent annually. That increase in households will add to de-mand for new housing units. In addition, increased rural-to-urban migration, especially in developing countries, will spur construction of new housing units in urban areas. Such household formation and urbanization will create especially strong demand for new housing units in the Asia/Pacific and Africa/Mideast regions, which together will account for the vast majority of the world’s new housing units in 2017.

Industrialized countries to see fastest gains

Industrialized countries that experienced large declines in residential construction because of the 2009 global economic recession are projected to experience the most rapid growth in new home construction through 2017. North America is forecast to experience annual gains of 8.9 percent, while Western Europe can expect gains of 5.9 percent per year; several countries, including the United States, Italy, and Spain, will experience double-digit annual increases in new housing construction.

Multifamily units to outpace single-family homes

On a global basis, multifamily units are forecast to experience faster gains in new construction than will single-family units through 2017. The increasing urbanization in many developing countries will drive this trend. In the Asia/Pacific region, construction of multifamily units is expected to grow 3.6 percent annually through 2017, more than one and one-half times the rate of increase in single-family home construction. Nevertheless, in both that region and the world, new single-family housing units will continue to outnumber new multi-family units.

Global average housing unit size to increase

Because of sharp declines in housing construction in North America and Western Europe, where units tend to be larger, the global average size of a new housing unit declined from 2007 to 2012. On growth of close to one percent per annum, the average new unit size is projected to reach 92 square meters in 2017. This will significantly exceed the average unit size in the dwelling stock, which will reach only 84 square meters in 2017. New units are generally larger than those in the existing stock, reflecting global rising per capita incomes and standards of living.

Study coverage

This study analyzes the two billion unit world housing industry. It presents historical demand data for 2002, 2007 and 2012, and forecasts for 2017 and 2022 for housing stock and new housing units by type (single-family, multi-family), world region, and for 22 countries. The study also considers market environment factors such as world economic trends, demographics, and housing construction.

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Purchase World Housing by the Section

  1. World Housing

    $5,700.00

    1. 1 INTRODUCTION

      $352.00

    2. 2 EXECUTIVE SUMMARY

      $229.00

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

    3. 3 MARKET ENVIRONMENT

      $1,805.00

      1. 3.1 General

        $149.00

      2. 3.2 World Economic Overview

        $522.00

        1. 3.2.1 Recent Historical Trends

          $216.00

        2. 3.2.2 World Economic Outlook

          $305.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION (billion 2011 dollars)

      3. 3.3 World Demographic Overview

        $596.00

        1. 3.3.1 Population

          $147.00

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

        2. 3.3.2 Urban Population

          $191.00

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

        3. 3.3.3 Households

          $222.00

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

      4. 3.4 Per Capita GDP

        $167.00

        1. Table | WORLD PER CAPITA GROSS DOMESTIC PRODUCT BY REGION (2011 dollars)

      5. 3.5 World Residential Building Construction Expenditures

        $175.00

        1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION (billion 2011 dollars)

      6. 3.6 Legislation & Regulatory Considerations

        $195.00

    4. 4 OVERVIEW

      $1,093.00

      1. 4.1 General

        $82.00

      2. 4.2 Housing Stock by Region

        $276.00

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

      3. 4.3 Housing Stock by Housing Type

        $177.00

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

      4. 4.4 Housing Quality

        $190.00

      5. 4.5 New Housing Demand by Region

        $197.00

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

      6. 4.6 New Housing Demand by Type

        $203.00

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

    5. 5 NORTH AMERICA

      $1,661.00

      1. 5.1 North America: General

        $114.00

      2. 5.2 North America: Housing Stock

        $139.00

        1. Table | NORTH AMERICA: HOUSING STOCK

      3. 5.3 North America: New Housing Units

        $173.00

        1. Table | NORTH AMERICA: NEW HOUSING UNITS

      4. 5.4 United States

        $458.00

        1. 5.4.1 United States: General

          $139.00

        2. 5.4.2 United States: Housing Stock

          $135.00

          1. Table | UNITED STATES: HOUSING STOCK

        3. 5.4.3 United States: New Housing Units

          $183.00

          1. Table | UNITED STATES: NEW HOUSING UNITS

      5. 5.5 Canada

        $365.00

        1. 5.5.1 Canada: General

          $115.00

        2. 5.5.2 Canada: Housing Stock

          $101.00

          1. Table | CANADA: HOUSING STOCK

        3. 5.5.3 Canada: New Housing Units

          $149.00

          1. Table | CANADA: NEW HOUSING UNITS

      6. 5.6 Mexico

        $412.00

        1. 5.6.1 Mexico: General

          $136.00

        2. 5.6.2 Mexico: Housing Stock

          $111.00

          1. Table | MEXICO: HOUSING STOCK

        3. 5.6.3 Mexico: New Housing Units

          $164.00

          1. Table | MEXICO: NEW HOUSING UNITS

    6. 6 WESTERN EUROPE

      $2,443.00

      1. 6.1 Western Europe: General

        $151.00

      2. 6.2 Western Europe: Housing Stock

        $108.00

        1. Table | WESTERN EUROPE: HOUSING STOCK

      3. 6.3 Western Europe: New Housing Units

        $118.00

        1. Table | WESTERN EUROPE: NEW HOUSING UNITS

      4. 6.4 Germany

        $354.00

        1. 6.4.1 Germany: General

          $123.00

        2. 6.4.2 Germany: Housing Stock

          $98.00

          1. Table | GERMANY: HOUSING STOCK

        3. 6.4.3 Germany: New Housing Units

          $133.00

          1. Table | GERMANY: NEW HOUSING UNITS

      5. 6.5 France

        $334.00

        1. 6.5.1 France: General

          $114.00

        2. 6.5.2 France: Housing Stock

          $91.00

          1. Table | FRANCE: HOUSING STOCK

        3. 6.5.3 France: New Housing Units

          $129.00

          1. Table | FRANCE: NEW HOUSING UNITS

      6. 6.6 United Kingdom

        $364.00

        1. 6.6.1 United Kingdom: General

          $115.00

        2. 6.6.2 United Kingdom: Housing Stock

          $110.00

          1. Table | UNITED KINGDOM: HOUSING STOCK

        3. 6.6.3 United Kingdom: New Housing Units

          $139.00

          1. Table | UNITED KINGDOM: NEW HOUSING UNITS

      7. 6.7 Italy

        $304.00

        1. 6.7.1 Italy: General

          $134.00

        2. 6.7.2 Italy: Housing Stock

          $88.00

          1. Table | ITALY: HOUSING STOCK

        3. 6.7.3 Italy: New Housing Units

          $82.00

          1. Table | ITALY: NEW HOUSING UNITS

      8. 6.8 Spain

        $364.00

        1. 6.8.1 Spain: General

          $118.00

        2. 6.8.2 Spain: Housing Stock

          $103.00

          1. Table | SPAIN: HOUSING STOCK

        3. 6.8.3 Spain: New Housing Units

          $143.00

          1. Table | SPAIN: NEW HOUSING UNITS

      9. 6.9 Other Western Europe

        $345.00

        1. 6.9.1 Other Western Europe: General

          $115.00

        2. 6.9.2 Other Western Europe: Housing Stock

          $99.00

          1. Table | OTHER WESTERN EUROPE: HOUSING STOCK

        3. 6.9.3 Other Western Europe: New Housing Units

          $130.00

          1. Table | OTHER WESTERN EUROPE: NEW HOUSING UNITS

    7. 7 ASIA/PACIFIC

      $3,822.00

      1. 7.1 Asia/Pacific: General

        $134.00

      2. 7.2 Asia/Pacific: Housing Stock

        $144.00

        1. Table | ASIA/PACIFIC: HOUSING STOCK

      3. 7.3 Asia/Pacific: New Housing Units

        $131.00

        1. Table | ASIA/PACIFIC: NEW HOUSING UNITS

      4. 7.4 China

        $533.00

        1. 7.4.1 China: General

          $157.00

        2. 7.4.2 China: Housing Stock

          $172.00

          1. Table | CHINA: HOUSING STOCK

        3. 7.4.3 China: New Housing Units

          $203.00

          1. Table | CHINA: NEW HOUSING UNITS

      5. 7.5 India

        $401.00

        1. 7.5.1 India: General

          $144.00

        2. 7.5.2 India: Housing Stock

          $123.00

          1. Table | INDIA: HOUSING STOCK

        3. 7.5.3 India: New Housing Units

          $134.00

          1. Table | INDIA: NEW HOUSING UNITS

      6. 7.6 Indonesia

        $308.00

        1. 7.6.1 Indonesia: General

          $138.00

        2. 7.6.2 Indonesia: Housing Stock

          $82.00

          1. Table | INDONESIA: HOUSING STOCK

        3. 7.6.3 Indonesia: New Housing Units

          $90.00

          1. Table | INDONESIA: NEW HOUSING UNITS

      7. 7.7 Japan

        $334.00

        1. 7.7.1 Japan: General

          $127.00

        2. 7.7.2 Japan: Housing Stock

          $91.00

          1. Table | JAPAN: HOUSING STOCK

        3. 7.7.3 Japan: New Housing Units

          $115.00

          1. Table | JAPAN: NEW HOUSING UNITS

      8. 7.8 Thailand

        $369.00

        1. 7.8.1 Thailand: General

          $158.00

        2. 7.8.2 Thailand: Housing Stock

          $93.00

          1. Table | THAILAND: HOUSING STOCK

        3. 7.8.3 Thailand: New Housing Units

          $118.00

          1. Table | THAILAND: NEW HOUSING UNITS

      9. 7.9 South Korea

        $375.00

        1. 7.9.1 South Korea: General

          $128.00

        2. 7.9.2 South Korea: Housing Stock

          $106.00

          1. Table | SOUTH KOREA: HOUSING STOCK

        3. 7.9.3 South Korea: New Housing Units

          $140.00

          1. Table | SOUTH KOREA: NEW HOUSING UNITS

      10. 7.10 Australia

        $317.00

        1. 7.10.1 Australia: General

          $110.00

        2. 7.10.2 Australia: Housing Stock

          $101.00

          1. Table | AUSTRALIA: HOUSING STOCK

        3. 7.10.3 Australia: New Housing Units

          $106.00

          1. Table | AUSTRALIA: NEW HOUSING UNITS

      11. 7.11 Taiwan

        $326.00

        1. 7.11.1 Taiwan: General

          $146.00

        2. 7.11.2 Taiwan: Housing Stock

          $83.00

          1. Table | TAIWAN: HOUSING STOCK

        3. 7.11.3 Taiwan: New Housing Units

          $97.00

          1. Table | TAIWAN: NEW HOUSING UNITS

      12. 7.12 Other Asia/Pacific

        $450.00

        1. 7.12.1 Other Asia/Pacific: General

          $132.00

        2. 7.12.2 Other Asia/Pacific: Housing Stock

          $103.00

          1. Table | OTHER ASIA/PACIFIC: HOUSING STOCK

        3. 7.12.3 Other Asia/Pacific: New Housing Units

          $121.00

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

        4. 7.12.4 Other Asia/Pacific: Housing Stock & New Housing Units by Country

          $94.00

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

    8. 8 OTHER REGIONS

      $4,572.00

      1. 8.1 Central & South America

        $1,493.00

        1. 8.1.1 Central & South America: General

          $149.00

        2. 8.1.2 Central & South America: Housing Stock

          $144.00

          1. Table | CENTRAL & SOUTH AMERICA: HOUSING STOCK

        3. 8.1.3 Central & South America: New Housing Units

          $125.00

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

        4. 8.1.4 Brazil

          $346.00

          1. Table | BRAZIL: HOUSING STOCK

          2. Table | BRAZIL: NEW HOUSING UNITS

        5. 8.1.5 Argentina

          $352.00

          1. Table | ARGENTINA: HOUSING STOCK

          2. Table | ARGENTINA: NEW HOUSING UNITS

        6. 8.1.6 Other Central & South America

          $376.00

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

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

      2. 8.2 Eastern Europe

        $1,409.00

        1. 8.2.1 Eastern Europe: General

          $130.00

        2. 8.2.2 Eastern Europe: Housing Stock

          $96.00

          1. Table | EASTERN EUROPE: HOUSING STOCK

        3. 8.2.3 Eastern Europe: New Housing Units

          $125.00

          1. Table | EASTERN EUROPE: NEW HOUSING UNITS

        4. 8.2.4 Russia

          $355.00

          1. Table | RUSSIA: HOUSING STOCK

          2. Table | RUSSIA: NEW HOUSING UNITS

        5. 8.2.5 Poland

          $334.00

          1. Table | POLAND: HOUSING STOCK

          2. Table | POLAND: NEW HOUSING UNITS

        6. 8.2.6 Other Eastern Europe

          $369.00

          1. Table | OTHER EASTERN EUROPE: HOUSING STOCK

          2. Table | OTHER EASTERN EUROPE: NEW HOUSING UNITS

      3. 8.3 Africa/Mideast

        $1,669.00

        1. 8.3.1 Africa/Mideast: General

          $132.00

        2. 8.3.2 Africa/Mideast: Housing Stock

          $102.00

          1. Table | AFRICA/MIDEAST: HOUSING STOCK

        3. 8.3.3 Africa/Mideast: New Housing Units

          $139.00

          1. Table | AFRICA/MIDEAST: NEW HOUSING UNITS

        4. 8.3.4 Turkey

          $408.00

          1. Table | TURKEY: HOUSING STOCK

          2. Table | TURKEY: NEW HOUSING UNITS

        5. 8.3.5 South Africa

          $371.00

          1. Table | SOUTH AFRICA: HOUSING STOCK

          2. Table | SOUTH AFRICA: NEW HOUSING UNITS

        6. 8.3.6 Other Africa/Mideast

          $516.00

          1. Table | OTHER AFRICA/MIDEAST: HOUSING STOCK

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

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

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