World Housing

As Quoted In Stone Ideas

New housing demand will be driven by declines in average household size that will offset slowing population growth, and by changes in population distribution such as rural-to-urban migration.

World demand to grow 2.9% annually through 2018

Worldwide construction of new housing units is projected to reach 61.3 million in 2018 on 2.9 percent yearly advances. Although global population growth is expected to decelerate slightly over the forecast period, declines in average household size will support 1.6 percent annual growth in the number of households, which will in turn boost demand for new housing. Rural-to-urban migration, will also bolster demand for new housing units, particularly in urban areas.

Asia/Pacific, Africa/Mideast regions to see best gains

Higher income countries that suffered dramatic declines in residential construction during the 2008-2013 period are forecast to see some of the fastest gains in construction of new housing units through 2018. Nevertheless, the largest gains in construction of new housing units are expected in the Asia/Pacific and Africa/Mideast regions. New housing units in the Asia/Pacific region will account for over three-fifths of the world total, even at a below-average rate of growth. A declining average household size, as well as rising demand for housing in urban areas, will support the continued high level of construction, particularly in developing countries in the region. Rapid advances in new dwelling construction in the Africa/Mideast region will be driven by above average population growth and household formation.

Multifamily units to outpace single-family types

Through 2018, growth in construction of multifamily housing units is projected to outpace that of single-family housing units. Rural-to-urban migration will be particularly strong in the two most populous regions -- the Asia/Pacific and Africa/Mideast -- and those new urban residents will boost demand for multifamily housing in urban areas. Worldwide, the vast majority of new multifamily units will be built in the Asia/Pacific and Africa/Mideast regions. Nevertheless, in those regions -- and worldwide -- single-family dwellings will continue to make up the majority of new housing units.

Average size of new housing units to increase

The average size of a new housing unit was lower in 2008 and 2013 than it was in 2003, a result of sharp declines in new unit completions in North America and Western Europe, where units tend to be larger. The average new dwelling size is forecast to expand to 92 square meters in 2018. Two factors will support this growth: rising personal incomes, particularly in developing countries; and rebounds in residential construction in a number of high income countries. In most countries worldwide, new units will be larger than existing units, reflecting rising standards of living.

Study coverage

This study analyzes the two billion unit world housing industry. It presents historical demand data for 2003, 2008 and 2013, and forecasts for 2018 and 2023 for housing stock and new housing units by type (single family, multifamily), world region, and for 22 countries. The study also considers economic trends, demographics and other market factors.

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  1. World Housing

    $5,800.00

    1. 1 INTRODUCTION

      $303.00

    2. 2 EXECUTIVE SUMMARY

      $222.00

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

    3. 3 MARKET ENVIRONMENT

      $1,681.00

      1. 3.1 General

        $145.00

      2. 3.2 World Economic Overview

        $408.00

        1. 3.2.1 Recent Historical Trends

          $120.00

        2. 3.2.2 World Economic Outlook

          $287.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

      3. 3.3 World Demographic Overview

        $580.00

        1. 3.3.1 Population

          $168.00

          1. Table | WORLD POPULATION BY REGION

        2. 3.3.2 Urban Population

          $190.00

          1. Table | WORLD URBAN POPULATION BY REGION

        3. 3.3.3 Households

          $186.00

          1. Table | WORLD HOUSEHOLDS BY REGION

      4. 3.4 Per Capita GDP

        $132.00

        1. Table | WORLD PER CAPITA GROSS DOMESTIC PRODUCT BY REGION

      5. 3.5 World Residential Building Construction Expenditures

        $228.00

        1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

      6. 3.6 Legislation & Regulatory Considerations

        $188.00

    4. 4 OVERVIEW

      $1,328.00

      1. 4.1 General

        $82.00

      2. 4.2 Housing Stock by Region

        $264.00

        1. Table | WORLD HOUSING STOCK BY REGION

        2. CHART III-1 WORLD HOUSING STOCK BY REGION, 2013

        3. CHART III-2 WORLD GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

      3. 4.3 Housing Stock by Housing Type

        $172.00

        1. Table | WORLD HOUSING STOCK BY TYPE

      4. 4.4 Housing Quality

        $508.00

        1. 4.4.1 Informal Housing

          $152.00

          1. CHART III-3 WORLD URBAN SLUM POPULATION, 2003-2013

        2. 4.4.2 Access to Water & Sewage Facilities

          $165.00

          1. CHART III-4 PERCENT OF POPULATION WITH ACCESS TO IMPROVED WATER SUPPLIES, 2013

          2. CHART III-5 PERCENT OF POPULATION WITH ACCESS TO IMPROVED SANITATION FACILITIES, 2013

          3. CHART III-6 DISPARITY BETWEEN URBAN & RURAL ACCESS TO IMPROVED WATER SUPPLIES, 2013

          4. CHART III-7 DISPARITY BETWEEN URBAN & RURAL ACCESS TO IMPROVED SANITATION FACILITIES, 2013

        3. 4.4.3 Access to Electricity

          $99.00

          1. CHART III-8 PERCENT OF POPULATION WITH ELECTRICAL POWER IN THEIR HOMES, 2013

      5. 4.5 New Housing Demand by Region

        $169.00

        1. Table | WORLD NEW HOUSING UNITS BY REGION

        2. CHART III-9 WORLD NEW HOUSING UNITS BY REGION, 2018

      6. 4.6 New Housing Demand by Type

        $171.00

        1. Table | WORLD NEW HOUSING UNITS BY TYPE

    5. 5 NORTH AMERICA

      $1,608.00

      1. 5.1 North America: General

        $100.00

      2. 5.2 North America: Housing Stock

        $146.00

        1. Table | NORTH AMERICA: HOUSING STOCK

        2. CHART IV-1 NORTH AMERICA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

      3. 5.3 North America: New Housing Units

        $171.00

        1. Table | NORTH AMERICA: NEW HOUSING UNITS

      4. 5.4 United States

        $435.00

        1. 5.4.1 United States: General

          $106.00

        2. 5.4.2 United States: Housing Stock

          $161.00

          1. Table | UNITED STATES: HOUSING STOCK

          2. CHART IV-2 UNITED STATES: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 5.4.3 United States: New Housing Units

          $167.00

          1. Table | UNITED STATES: NEW HOUSING UNITS

      5. 5.5 Canada

        $357.00

        1. 5.5.1 Canada: General

          $112.00

        2. 5.5.2 Canada: Housing Stock

          $100.00

          1. Table | CANADA: HOUSING STOCK

          2. CHART IV-3 CANADA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 5.5.3 Canada: New Housing Units

          $144.00

          1. Table | CANADA: NEW HOUSING UNITS

      6. 5.6 Mexico

        $400.00

        1. 5.6.1 Mexico: General

          $116.00

        2. 5.6.2 Mexico: Housing Stock

          $111.00

          1. Table | MEXICO: HOUSING STOCK

          2. CHART IV-4 MEXICO: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 5.6.3 Mexico: New Housing Units

          $173.00

          1. Table | MEXICO: NEW HOUSING UNITS

    6. 6 WESTERN EUROPE

      $2,566.00

      1. 6.1 Western Europe: General

        $140.00

      2. 6.2 Western Europe: Housing Stock

        $111.00

        1. Table | WESTERN EUROPE: HOUSING STOCK

        2. CHART V-1 WESTERN EUROPE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

      3. 6.3 Western Europe: New Housing Units

        $147.00

        1. Table | WESTERN EUROPE: NEW HOUSING STOCK

      4. 6.4 Germany

        $371.00

        1. 6.4.1 Germany: General

          $98.00

        2. 6.4.2 Germany: Housing Stock

          $112.00

          1. Table | GERMANY: HOUSING STOCK

          2. CHART V-2 GERMANY: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 6.4.3 Germany: New Housing Units

          $160.00

          1. Table | GERMANY: NEW HOUSING UNITS

      5. 6.5 France

        $366.00

        1. 6.5.1 France: General

          $95.00

        2. 6.5.2 France: Housing Stock

          $87.00

          1. Table | FRANCE: HOUSING STOCK

          2. CHART V-3 FRANCE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 6.5.3 France: New Housing Units

          $184.00

          1. Table | FRANCE: NEW HOUSING UNITS

      6. 6.6 United Kingdom

        $348.00

        1. 6.6.1 United Kingdom: General

          $96.00

        2. 6.6.2 United Kingdom: Housing Stock

          $109.00

          1. Table | UNITED KINGDOM: HOUSING STOCK

          2. CHART V-4 UNITED KINGDOM: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 6.6.3 United Kingdom: New Housing Units

          $142.00

          1. Table | UNITED KINGDOM: NEW HOUSING UNITS

      7. 6.7 Italy

        $311.00

        1. 6.7.1 Italy: General

          $121.00

        2. 6.7.2 Italy: Housing Stock

          $87.00

          1. Table | ITALY: HOUSING STOCK

          2. CHART V-5 ITALY: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 6.7.3 Italy: New Housing Units

          $103.00

          1. Table | ITALY: NEW HOUSING UNITS

      8. 6.8 Spain

        $400.00

        1. 6.8.1 Spain: General

          $122.00

        2. 6.8.2 Spain: Housing Stock

          $112.00

          1. Table | SPAIN: HOUSING STOCK

          2. CHART V-6 SPAIN: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 6.8.3 Spain: New Housing Units

          $166.00

          1. Table | SPAIN: NEW HOUSING UNITS

      9. 6.9 Other Western Europe

        $373.00

        1. 6.9.1 Other Western Europe: General

          $116.00

        2. 6.9.2 Other Western Europe: Housing Stock

          $89.00

          1. Table | OTHER WESTERN EUROPE: HOUSING STOCK

          2. CHART V-7 OTHER WESTERN EUROPE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 6.9.3 Other Western Europe: New Housing Units

          $166.00

          1. Table | OTHER WESTERN EUROPE: NEW HOUSING UNITS

    7. 7 ASIA/PACIFIC

      $3,962.00

      1. 7.1 Asia/Pacific: General

        $124.00

      2. 7.2 Asia/Pacific: Housing Stock

        $141.00

        1. Table | ASIA/PACIFIC: HOUSING STOCK

        2. CHART VI-1 ASIA/PACIFIC: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

      3. 7.3 Asia/Pacific: New Housing Units

        $163.00

        1. Table | ASIA/PACIFIC: NEW HOUSING UNITS

      4. 7.4 China

        $549.00

        1. 7.4.1 China: General

          $139.00

        2. 7.4.2 China: Housing Stock

          $149.00

          1. Table | CHINA: HOUSING STOCK

          2. CHART VI-2 CHINA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.4.3 China: New Housing Units

          $261.00

          1. Table | CHINA: NEW HOUSING UNITS

      5. 7.5 India

        $436.00

        1. 7.5.1 India: General

          $132.00

        2. 7.5.2 India: Housing Stock

          $137.00

          1. Table | INDIA: HOUSING STOCK

          2. CHART VI-3 INDIA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.5.3 India: New Housing Units

          $168.00

          1. Table | INDIA: NEW HOUSING UNITS

      6. 7.6 Indonesia

        $339.00

        1. 7.6.1 Indonesia: General

          $121.00

        2. 7.6.2 Indonesia: Housing Stock

          $105.00

          1. Table | INDONESIA: HOUSING STOCK

          2. CHART VI-4 INDONESIA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.6.3 Indonesia: New Housing Units

          $113.00

          1. Table | INDONESIA: NEW HOUSING UNITS

      7. 7.7 Japan

        $367.00

        1. 7.7.1 Japan: General

          $121.00

        2. 7.7.2 Japan: Housing Stock

          $89.00

          1. Table | JAPAN: HOUSING STOCK

          2. CHART VI-5 JAPAN: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.7.3 Japan: New Housing Units

          $157.00

          1. Table | JAPAN: NEW HOUSING UNITS

      8. 7.8 Thailand

        $353.00

        1. 7.8.1 Thailand: General

          $113.00

        2. 7.8.2 Thailand: Housing Stock

          $116.00

          1. Table | THAILAND: HOUSING STOCK

          2. CHART VI-6 THAILAND: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.8.3 Thailand: New Housing Units

          $123.00

          1. Table | THAILAND: NEW HOUSING UNITS

      9. 7.9 South Korea

        $387.00

        1. 7.9.1 South Korea: General

          $115.00

        2. 7.9.2 South Korea: Housing Stock

          $158.00

          1. Table | SOUTH KOREA: HOUSING STOCK

          2. CHART VI-7 SOUTH KOREA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.9.3 South Korea: New Housing Units

          $113.00

          1. Table | SOUTH KOREA: NEW HOUSING UNITS

      10. 7.10 Australia

        $313.00

        1. 7.10.1 Australia: General

          $89.00

        2. 7.10.2 Australia: Housing Stock

          $111.00

          1. Table | AUSTRALIA: HOUSING STOCK

          2. CHART VI-8 AUSTRALIA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.10.3 Australia: New Housing Units

          $113.00

          1. Table | AUSTRALIA: NEW HOUSING UNITS

      11. 7.11 Taiwan

        $308.00

        1. 7.11.1 Taiwan: General

          $126.00

        2. 7.11.2 Taiwan: Housing Stock

          $87.00

          1. Table | TAIWAN: HOUSING STOCK

          2. CHART VI-9 TAIWAN: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.11.3 Taiwan: New Housing Units

          $95.00

          1. Table | TAIWAN: NEW HOUSING UNITS

      12. 7.12 Other Asia/Pacific

        $482.00

        1. 7.12.1 Other Asia/Pacific: General

          $117.00

        2. 7.12.2 Other Asia/Pacific: Housing Stock

          $131.00

          1. Table | OTHER ASIA/PACIFIC: HOUSING STOCK

          2. CHART VI-10 OTHER ASIA/PACIFIC: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 7.12.3 Other Asia/Pacific: New Housing Units

          $137.00

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

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

          $96.00

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

    8. 8 OTHER REGIONS

      $4,588.00

      1. 8.1 Central & South America

        $1,544.00

        1. 8.1.1 Central & South America: General

          $121.00

        2. 8.1.2 Central & South America: Housing Stock

          $138.00

          1. Table | CENTRAL & SOUTH AMERICA: HOUSING STOCK

          2. CHART VII-1 CENTRAL & SOUTH AMERICA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 8.1.3 Central & South America: New Housing Units

          $133.00

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

        4. 8.1.4 Brazil

          $416.00

          1. Table | BRAZIL: HOUSING STOCK

          2. CHART VII-2 BRAZIL: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

          3. Table | BRAZIL: NEW HOUSING UNITS

        5. 8.1.5 Argentina

          $372.00

          1. Table | ARGENTINA: HOUSING STOCK

          2. CHART VII-3 ARGENTINA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

          3. Table | ARGENTINA: NEW HOUSING UNITS

        6. 8.1.6 Other Central & South America

          $362.00

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

          2. CHART VII-4 OTHER CENTRAL & SOUTH AMERICA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

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

      2. 8.2 Eastern Europe

        $1,371.00

        1. 8.2.1 Eastern Europe: General

          $114.00

        2. 8.2.2 Eastern Europe: Housing Stock

          $97.00

          1. Table | EASTERN EUROPE: HOUSING STOCK

          2. CHART VII-5 EASTERN EUROPE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 8.2.3 Eastern Europe: New Housing Units

          $136.00

          1. Table | EASTERN EUROPE: NEW HOUSING UNITS

        4. 8.2.4 Russia

          $380.00

          1. Table | RUSSIA: HOUSING STOCK

          2. CHART VII-6 RUSSIA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

          3. Table | RUSSIA: NEW HOUSING UNITS

        5. 8.2.5 Poland

          $304.00

          1. Table | POLAND: HOUSING STOCK

          2. CHART VII-7 POLAND: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

          3. Table | POLAND: NEW HOUSING UNITS

        6. 8.2.6 Other Eastern Europe

          $340.00

          1. Table | OTHER EASTERN EUROPE: HOUSING STOCK

          2. CHART VII-8 OTHER EASTERN EUROPE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

          3. Table | OTHER EASTERN EUROPE: NEW HOUSING UNITS

      3. 8.3 Africa/Mideast

        $1,674.00

        1. 8.3.1 Africa/Mideast: General

          $126.00

        2. 8.3.2 Africa/Mideast: Housing Stock

          $103.00

          1. Table | AFRICA/MIDEAST: HOUSING STOCK

          2. CHART VII-9 AFRICA/MIDEAST: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

        3. 8.3.3 Africa/Mideast: New Housing Units

          $182.00

          1. Table | AFRICA/MIDEAST: NEW HOUSING UNITS

        4. 8.3.4 Turkey

          $395.00

          1. Table | TURKEY: HOUSING STOCK

          2. CHART VII-10 TURKEY: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

          3. Table | TURKEY: NEW HOUSING UNITS

        5. 8.3.5 South Africa

          $356.00

          1. Table | SOUTH AFRICA: HOUSING STOCK

          2. CHART VII-11 SOUTH AFRICA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

          3. Table | SOUTH AFRICA: NEW HOUSING UNITS

        6. 8.3.6 Other Africa/Mideast

          $510.00

          1. Table | OTHER AFRICA/MIDEAST: HOUSING STOCK

          2. CHART VII-12 OTHER AFRICA/MIDEAST: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2003-2023

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

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

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