World Housing By Freedonia Group Inc

1. World Housing
Freedonia Group Inc
Report Highlight

2. Majority of new housing to be in developing regions
Through 2017, more than 80 percent of new housing construction is projected to take
place in the Asia/Pacific and Africa/ Mideast regions. Developing economies in both
regions and above-average population growth in the Africa/Mideast region will spur
demand for new units. While the Asia/Pacific region will spur the most new housing
units, the pace of housing construction is expected to decelerate from that of the 2007-
2012 period because of weaker growth in China. Nevertheless, China will still have the
world’s largest housing stock and is forecast to remain the world’s largest market for
new housing units through 2017.
While developing regions will be the largest markets for new housing construction
through 2017, North America and Western Europe are expected to have the fastest
growth in construction of new units. Many countries in these regions, including the US,
Spain, and Italy, are forecast to post double-digit annual increases in new housing
construction from depressed 2012 levels. Despite the rapid gains, new housing
construction in 2017 in both North America and Western Europe will remain below
2007 levels.

3. World housing stock to reach 2.2 billion units by 2017
The global housing stock was nearly two billion units in 2012 and is projected to grow to 2.2 billion
units in 2017. The Africa/Mideast region will experience the fastest overall rate of growth in its
regional housing stock, spurred by the region’s population growth. Nevertheless, the Asia/Pacific
region is expected to continue to account for over one-half of the global housing stock through
2017.
Construction of multifamily units to grow fastest
Worldwide, multifamily units are forecast to exhibit faster gains in new construction than will
single-family units through 2017. Increasing urbanization in many developing countries will drive
this trend. In the Asia/Pacific region, construction of multifamily units is expected to rise over one
and one-half times the growth rate in single-family home construction through 2017. Nevertheless,
in both that region and the world overall, new single-family housing units will continue to account
for the majority of new housing units.
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.
By 2017, the average size of new housing units is projected to increase nearly one percent per
annum to 92 square meters. This exceeds the average new unit size in the dwelling stock, which will
be only 84 square meters in 2017. New units are generally larger than those in the existing stock,
reflecting rising global per capita incomes and standards of living.

4. About the Publisher
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The Freedonia Group is a leading international industrial research company
publishing more than 100 studies annually. Since 1985 we have provided
research to customers ranging in size from global conglomerates to one-person
consulting firms. More than 90% of the industrial companies in the Fortune
500 use Freedonia Group research to help with their strategic planning. Each
study includes product and market analyses and forecasts, in-depth discussions
of important industry trends, market share information and profiles of the
leading industry players.

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