Freedonia In The News

Article Title: Worldwide construction of new housing expected to grow by yearly 3.2% until 2018
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Publication: Stone Ideas, 7/30/2014
Freedonia Study: World Housing (3184)

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Worldwide construction of new housing units is projected to reach 62.0 million in 2018 on 3.2 percent yearly advances from 2013. The Asia/Pacific region will own the most new housing units, while the Africa/Mideast housing stock region will grow the fastest. Multifamily housing construction will continue to outpace that of single-family types. Changes in population distribution, mainly due to rural-to-urban migration, will also bolster demand for new housing units, particularly in urban areas. These and other trends are presented in a new study named „World Housing“ from The Freedonia Group, Inc., a Cleveland-based market research firm.
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Article Title: Global residential construction to reach 61.3 million units in 2018
By: Chris Sleight
Publication: International Construction, 7/3/2014
Freedonia Study: World Housing (3184)

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Worldwide construction of new housing units is forecast to reach 61.3 million units in 2018, according to a new report by market research company The Freedonia Group. It said annual growth in the residential construction sector would average +2.9% over the forecast period. According to the World Housing study, although global population growth is expected to decelerate over the forecast period, Freedonia said declines in average household size would support +1.6% annual growth in the number of households, which would in turn boost demand for new housing. Changes in population distribution, mainly due to rural-to-urban migration, are also expected to bolster demand for new housing, particularly in urban areas.
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