World Housing

As Quoted In TradeArabia

News Update: Chinese Housing Market Regulations Tighten

Housing market regulations in Wuhan, the capital of Hubei province and China’s sixth largest city, are tightening as the country seeks to restrain rampant growth in its property market. The new rules, announced in November 2016, require first-time purchasers of homes to put down a 30 percent down payment, up from the previous requirement of 25 percent. Down payments for second homes are set to rise by an even higher percentage. In addition to the stricter down payment regulations, the local government expects to increase the land supply and to restrain land prices.

These regulations come at a dangerous time for the Chinese housing market. Year-to-year property prices in the country rose at the fastest pace on record in September 2016. While rapidly rising property prices are to be expected to some extent in China, moderating economic growth and rising leverage signify potential problems that have prompted action such as that seen in Wuhan.

Key Findings in the Global Housing Study

Global housing construction on the rise

Global construction of new housing units is forecast to increase 3.0 percent annually to 62.6 million units in 2019. While global population growth is expected to decelerate, declines in average household size will still allow the number of households to increase 1.6 percent annually, boosting demand for new housing. In addition, increased rural-to-urban migration, especially in developing countries, will spur construction of new housing units in urban areas.

Developed countries expected to drive gains

North America and Western Europe are expected to experience the most rapid growth in new housing units through 2019. In both cases, gains will be off a depressed 2014 base, with many countries recovering from the collapse of housing bubbles. Several of the countries that experienced the most severe downturns, including the United States, Ireland, Italy, Portugal, and Spain, will experience double-digit annual increases in new housing units, although in most cases 2019 levels will remain substantially below those in 2004.

Multifamily housing units to outpace single family homes

On a global basis, multifamily units are forecast to experience faster gains in new construction than are single-family units, the result of increasing urbanization in developing countries. 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. Construction of new multifamily units worldwide is forecast to advance 3.7 percent per annum through 2019; in that year, more than 80 percent of new housing units will be built in the Asia/Pacific and Africa/Mideast regions.

Rising incomes to bolster global housing stock

In 2014, the global housing stock was 2.1 billion units. Growth in the housing stock is expected to outpace household formation through the forecast period, reaching over 2.2 billion units in 2019. Rising income levels over the forecast period will support the increases in housing stock per household through two means. First, some lower-income households will be able to move out of shared living quarters into their own housing units. Second, some affluent households will be able to afford the purchase of a second, leisure-time housing unit, either in their home country or abroad. The Asia/Pacific region will continue to account for slightly over half of the global’s housing stock during this time. The Africa/Mideast region, which had the second largest regional housing stock in 2014 at 17 percent of the global total, is expected to register the fastest regional housing stock growth, spurred by declining household sizes and rural-to-urban migration.

Study coverage

This Freedonia industry study analyzes the global housing market. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by housing type and global region, as well as for 22 countries.

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Purchase World Housing by the Section

  1. World Housing

    $5,900.00

    1. 1 INTRODUCTION

      $312.00

    2. 2 EXECUTIVE SUMMARY

      $205.00

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

    3. 3 MARKET ENVIRONMENT

      $1,545.00

      1. 3.1 General

        $138.00

      2. 3.2 World Economic Overview

        $366.00

        1. 3.2.1 Recent Historical Trends

          $120.00

        2. 3.2.2 World Economic Outlook

          $245.00

          1. Table | WORLD GROSS DOMESTIC PRODUCT BY REGION

      3. 3.3 World Demographic Overview

        $489.00

        1. 3.3.1 Population

          $168.00

          1. Table | WORLD POPULATION BY REGION

        2. 3.3.2 Urban Population

          $164.00

          1. Table | WORLD URBAN POPULATION BY REGION

        3. 3.3.3 Households

          $156.00

          1. Table | WORLD HOUSEHOLDS BY REGION

      4. 3.4 Per Capita GDP

        $142.00

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

      5. 3.5 World Residential Building Construction Expenditures

        $216.00

        1. Table | WORLD RESIDENTIAL BUILDING CONSTRUCTION EXPENDITURES BY REGION

      6. 3.6 Legislation & Regulatory Considerations

        $194.00

    4. 4 OVERVIEW

      $1,274.00

      1. 4.1 General

        $82.00

      2. 4.2 Housing Stock by Region

        $262.00

        1. Table | WORLD HOUSING STOCK BY REGION

        2. CHART III-1 WORLD HOUSING STOCK BY REGION, 2014

        3. CHART III-2 WORLD GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

      3. 4.3 Housing Stock by Housing Type

        $172.00

        1. Table | WORLD HOUSING STOCK BY TYPE

      4. 4.4 Housing Quality

        $473.00

        1. 4.4.1 Informal Housing

          $138.00

          1. CHART III-3 WORLD URBAN SLUM POPULATION, 2004-2014

        2. 4.4.2 Access to Water & Sewage Facilities

          $157.00

          1. CHART III-4 PERCENT OF POPULATION WITH ACCESS TO IMPROVED WATER SUPPLIES, 2014

          2. CHART III-5 PERCENT OF POPULATION WITH ACCESS TO IMPROVED SANITATION FACILITIES, 2014

          3. CHART III-6 DISPARITY BETWEEN URBAN & RURAL ACCESS TO IMPROVED WATER SUPPLIES, 2014

          4. CHART III-7 DISPARITY BETWEEN URBAN & RURAL ACCESS TO IMPROVED SANITATION FACILITIES, 2014

        3. 4.4.3 Access to Electricity

          $96.00

          1. CHART III-8 PERCENT OF POPULATION WITH ELECTRICAL POWER IN THEIR HOMES, 2014

      5. 4.5 New Housing Demand by Region

        $154.00

        1. Table | WORLD NEW HOUSING UNITS BY REGION

        2. CHART III-9 WORLD NEW HOUSING UNITS BY REGION, 2019

      6. 4.6 New Housing Demand by Type

        $167.00

        1. Table | WORLD NEW HOUSING UNITS BY TYPE

    5. 5 NORTH AMERICA

      $1,869.00

      1. 5.1 North America: General

        $123.00

      2. 5.2 North America: Housing Stock

        $137.00

        1. Table | NORTH AMERICA: HOUSING STOCK

        2. CHART IV-1 NORTH AMERICA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

      3. 5.3 North America: New Housing Units

        $165.00

        1. Table | NORTH AMERICA: NEW HOUSING UNITS

      4. 5.4 United States

        $696.00

        1. 5.4.1 United States: General

          $121.00

        2. 5.4.2 United States: Housing Stock

          $213.00

          1. Table | UNITED STATES: HOUSING STOCK

          2. CHART IV-2 UNITED STATES: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 5.4.3 United States: New Housing Units

          $362.00

          1. Table | UNITED STATES: NEW HOUSING UNITS

      5. 5.5 Canada

        $360.00

        1. 5.5.1 Canada: General

          $119.00

        2. 5.5.2 Canada: Housing Stock

          $94.00

          1. Table | CANADA: HOUSING STOCK

          2. CHART IV-3 CANADA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 5.5.3 Canada: New Housing Units

          $147.00

          1. Table | CANADA: NEW HOUSING UNITS

      6. 5.6 Mexico

        $387.00

        1. 5.6.1 Mexico: General

          $128.00

        2. 5.6.2 Mexico: Housing Stock

          $97.00

          1. Table | MEXICO: HOUSING STOCK

          2. CHART IV-4 MEXICO: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 5.6.3 Mexico: New Housing Units

          $161.00

          1. Table | MEXICO: NEW HOUSING UNITS

    6. 6 WESTERN EUROPE

      $2,723.00

      1. 6.1 Western Europe: General

        $151.00

      2. 6.2 Western Europe: Housing Stock

        $107.00

        1. Table | WESTERN EUROPE: HOUSING STOCK

        2. CHART V-1 WESTERN EUROPE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

      3. 6.3 Western Europe: New Housing Units

        $146.00

        1. Table | WESTERN EUROPE: NEW HOUSING UNITS

      4. 6.4 Germany

        $375.00

        1. 6.4.1 Germany: General

          $127.00

        2. 6.4.2 Germany: Housing Stock

          $103.00

          1. Table | GERMANY: HOUSING STOCK

          2. CHART V-2 GERMANY: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 6.4.3 Germany: New Housing Units

          $145.00

          1. Table | GERMANY: NEW HOUSING UNITS

      5. 6.5 France

        $416.00

        1. 6.5.1 France: General

          $165.00

        2. 6.5.2 France: Housing Stock

          $84.00

          1. Table | FRANCE: HOUSING STOCK

          2. CHART V-3 FRANCE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 6.5.3 France: New Housing Units

          $166.00

          1. Table | FRANCE: NEW HOUSING UNITS

      6. 6.6 United Kingdom

        $369.00

        1. 6.6.1 United Kingdom: General

          $128.00

        2. 6.6.2 United Kingdom: Housing Stock

          $99.00

          1. Table | UNITED KINGDOM: HOUSING STOCK

          2. CHART V-4 UNITED KINGDOM: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 6.6.3 United Kingdom: New Housing Units

          $141.00

          1. Table | UNITED KINGDOM: NEW HOUSING UNITS

      7. 6.7 Italy

        $357.00

        1. 6.7.1 Italy: General

          $172.00

        2. 6.7.2 Italy: Housing Stock

          $82.00

          1. Table | ITALY: HOUSING STOCK

          2. CHART V-5 ITALY: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 6.7.3 Italy: New Housing Units

          $104.00

          1. Table | ITALY: NEW HOUSING UNITS

      8. 6.8 Spain

        $399.00

        1. 6.8.1 Spain: General

          $138.00

        2. 6.8.2 Spain: Housing Stock

          $107.00

          1. Table | SPAIN: HOUSING STOCK

          2. CHART V-6 SPAIN: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 6.8.3 Spain: New Housing Units

          $153.00

          1. Table | SPAIN: NEW HOUSING UNITS

      9. 6.9 Other Western Europe

        $402.00

        1. 6.9.1 Other Western Europe: General

          $153.00

        2. 6.9.2 Other Western Europe: Housing Stock

          $83.00

          1. Table | OTHER WESTERN EUROPE: HOUSING STOCK

          2. CHART V-7 OTHER WESTERN EUROPE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 6.9.3 Other Western Europe: New Housing Units

          $165.00

          1. Table | OTHER WESTERN EUROPE: NEW HOUSING UNITS

    7. 7 ASIA/PACIFIC

      $3,976.00

      1. 7.1 Asia/Pacific: General

        $127.00

      2. 7.2 Asia/Pacific: Housing Stock

        $135.00

        1. Table | ASIA/PACIFIC: HOUSING STOCK

        2. CHART VI-1 ASIA/PACIFIC: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

      3. 7.3 Asia/Pacific: New Housing Units

        $159.00

        1. Table | ASIA/PACIFIC: NEW HOUSING UNITS

      4. 7.4 China

        $561.00

        1. 7.4.1 China: General

          $167.00

        2. 7.4.2 China: Housing Stock

          $144.00

          1. Table | CHINA: HOUSING STOCK

          2. CHART VI-2 CHINA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.4.3 China: New Housing Units

          $249.00

          1. Table | CHINA: NEW HOUSING UNITS

      5. 7.5 India

        $457.00

        1. 7.5.1 India: General

          $156.00

        2. 7.5.2 India: Housing Stock

          $131.00

          1. Table | INDIA: HOUSING STOCK

          2. CHART VI-3 INDIA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.5.3 India: New Housing Units

          $170.00

          1. Table | INDIA: NEW HOUSING UNITS

      6. 7.6 Indonesia

        $336.00

        1. 7.6.1 Indonesia: General

          $137.00

        2. 7.6.2 Indonesia: Housing Stock

          $99.00

          1. Table | INDONESIA: HOUSING STOCK

          2. CHART VI-4 INDONESIA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.6.3 Indonesia: New Housing Units

          $100.00

          1. Table | INDONESIA: NEW HOUSING UNITS

      7. 7.7 Japan

        $407.00

        1. 7.7.1 Japan: General

          $145.00

        2. 7.7.2 Japan: Housing Stock

          $84.00

          1. Table | JAPAN: HOUSING STOCK

          2. CHART VI-5 JAPAN: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.7.3 Japan: New Housing Units

          $178.00

          1. Table | JAPAN: NEW HOUSING UNITS

      8. 7.8 Thailand

        $336.00

        1. 7.8.1 Thailand: General

          $115.00

        2. 7.8.2 Thailand: Housing Stock

          $108.00

          1. Table | THAILAND: HOUSING STOCK

          2. CHART VI-6 THAILAND: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.8.3 Thailand: New Housing Units

          $113.00

          1. Table | THAILAND: NEW HOUSING UNITS

      9. 7.9 South Korea

        $388.00

        1. 7.9.1 South Korea: General

          $137.00

        2. 7.9.2 South Korea: Housing Stock

          $139.00

          1. Table | SOUTH KOREA: HOUSING STOCK

          2. CHART VI-7 SOUTH KOREA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.9.3 South Korea: New Housing Units

          $112.00

          1. Table | SOUTH KOREA: NEW HOUSING UNITS

      10. 7.10 Australia

        $312.00

        1. 7.10.1 Australia: General

          $103.00

        2. 7.10.2 Australia: Housing Stock

          $102.00

          1. Table | AUSTRALIA: HOUSING STOCK

          2. CHART VI-8 AUSTRALIA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.10.3 Australia: New Housing Units

          $106.00

          1. Table | AUSTRALIA: NEW HOUSING UNITS

      11. 7.11 Taiwan

        $300.00

        1. 7.11.1 Taiwan: General

          $138.00

        2. 7.11.2 Taiwan: Housing Stock

          $82.00

          1. Table | TAIWAN: HOUSING STOCK

          2. CHART VI-9 TAIWAN: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.11.3 Taiwan: New Housing Units

          $86.00

          1. Table | TAIWAN: NEW HOUSING UNITS

      12. 7.12 Other Asia/Pacific

        $458.00

        1. 7.12.1 Other Asia/Pacific: General

          $119.00

        2. 7.12.2 Other Asia/Pacific: Housing Stock

          $119.00

          1. Table | OTHER ASIA/PACIFIC: HOUSING STOCK

          2. CHART VI-10 OTHER ASIA/PACIFIC: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 7.12.3 Other Asia/Pacific: New Housing Units

          $128.00

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

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

          $91.00

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

    8. 8 OTHER REGIONS

      $4,634.00

      1. 8.1 Central & South America

        $1,535.00

        1. 8.1.1 Central & South America: General

          $128.00

        2. 8.1.2 Central & South America: Housing Stock

          $120.00

          1. Table | CENTRAL & SOUTH AMERICA: HOUSING STOCK

          2. CHART VII-1 CENTRAL & SOUTH AMERICA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 8.1.3 Central & South America: New Housing Units

          $131.00

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

        4. 8.1.4 Brazil

          $425.00

          1. Table | BRAZIL: HOUSING STOCK

          2. CHART VII-2 BRAZIL: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

          3. Table | BRAZIL: NEW HOUSING UNITS

        5. 8.1.5 Argentina

          $379.00

          1. Table | ARGENTINA: HOUSING STOCK

          2. CHART VII-3 ARGENTINA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

          3. Table | ARGENTINA: NEW HOUSING UNITS

        6. 8.1.6 Other Central & South America

          $349.00

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

          2. CHART VII-4 OTHER CENTRAL & SOUTH AMERICA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

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

      2. 8.2 Eastern Europe

        $1,388.00

        1. 8.2.1 Eastern Europe: General

          $131.00

        2. 8.2.2 Eastern Europe: Housing Stock

          $90.00

          1. Table | EASTERN EUROPE: HOUSING STOCK

          2. CHART VII-5 EASTERN EUROPE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 8.2.3 Eastern Europe: New Housing Units

          $137.00

          1. Table | EASTERN EUROPE: NEW HOUSING UNITS

        4. 8.2.4 Russia

          $379.00

          1. Table | RUSSIA: HOUSING STOCK

          2. CHART VII-6 RUSSIA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

          3. Table | RUSSIA: NEW HOUSING UNITS

        5. 8.2.5 Poland

          $299.00

          1. Table | POLAND: HOUSING STOCK

          2. CHART VII-7 POLAND: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

          3. Table | POLAND: NEW HOUSING UNITS

        6. 8.2.6 Other Eastern Europe

          $350.00

          1. Table | OTHER EASTERN EUROPE: HOUSING STOCK

          2. CHART VII-8 OTHER EASTERN EUROPE: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

          3. Table | OTHER EASTERN EUROPE: NEW HOUSING UNITS

      3. 8.3 Africa/Mideast

        $1,711.00

        1. 8.3.1 Africa/Mideast: General

          $142.00

        2. 8.3.2 Africa/Mideast: Housing Stock

          $93.00

          1. Table | AFRICA/MIDEAST: HOUSING STOCK

          2. CHART VII-9 AFRICA/MIDEAST: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

        3. 8.3.3 Africa/Mideast: New Housing Units

          $181.00

          1. Table | AFRICA/MIDEAST: NEW HOUSING UNITS

        4. 8.3.4 Turkey

          $411.00

          1. Table | TURKEY: HOUSING STOCK

          2. CHART VII-10 TURKEY: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

          3. Table | TURKEY: NEW HOUSING UNITS

        5. 8.3.5 South Africa

          $353.00

          1. Table | SOUTH AFRICA: HOUSING STOCK

          2. CHART VII-11 SOUTH AFRICA: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

          3. Table | SOUTH AFRICA: NEW HOUSING UNITS

        6. 8.3.6 Other Africa/Mideast

          $530.00

          1. Table | OTHER AFRICA/MIDEAST: HOUSING STOCK

          2. CHART VII-12 OTHER AFRICA/MIDEAST: GROWTH IN HOUSEHOLDS & HOUSING STOCK, 2004-2024

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

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

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