World Housing Market

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Oct 30, 2013, 10:00 ET

NEW YORK, Oct. 30, 2013 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue:

World Housing Market
http://www.reportlinker.com/p0701944/World-Housing-Market.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Real_Estate

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.

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.

Study coverage

World Housing, an upcoming Freedonia industry study priced at $5700, presents details on these and other key findings. It provides historical demand data (2002, 2007, 2012) plus forecasts for 2017 and 2022 by housing type in 6 regions and for 22 countries. The study also considers market environment factors and evaluates regulatory conditions.

TABLE OF CONTENTS

INTRODUCTION viii

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
World Economic Overview 5
Recent Historical Trends 5
World Economic Outlook 7
World Demographic Overview 11
Population 11
Urban Population 13
Households 15
Per Capita GDP 18
World Residential Building Construction Expenditures 20
Legislation & Regulatory Considerations 22

III. OVERVIEW 25

General 25
Housing Stock by Region 25
Housing Stock by Housing Type 30
Housing Quality 32
New Housing Demand by Region 34
New Housing Demand by Type 37

IV. NORTH AMERICA 40

General 40
Housing Stock 41
New Housing Units 43
United States 45
Canada 51
Mexico 57

V. WESTERN EUROPE 64

General 64
Housing Stock 65
New Housing Units 67
Germany 68
France 74
United Kingdom 79
Italy 85
Spain 90
Other Western Europe 96

VI. ASIA/PACIFIC 102

General 102
Housing Stock 103
New Housing Units 106
China 108
India 114
Indonesia 120
Japan 124
Thailand 129
South Korea 135
Australia 140
Taiwan 144
Other Asia/Pacific 149

VII. OTHER REGIONS 157

Central & South America 157
Brazil 163
Argentina 167
Other Central & South America 172
Eastern Europe 177
Russia 183
Poland 187
Other Eastern Europe 192
Africa/Mideast 197
Turkey 202
South Africa 208
Other Africa/Mideast 214

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 World Gross Domestic Product by Region 10
2 World Population by Region 13
3 World Urban Population by Region 15
4 World Households by Region 18
5 World Per Capita Gross Domestic Product by Region 20
6 World Residential Building Construction Expenditures
by Region 22

SECTION III -- OVERVIEW

1 World Housing Stock by Region 28
2 World Housing Stock by Type 32
3 World New Housing Units by Region 36
4 World New Housing Units by Type 39

SECTION IV -- NORTH AMERICA

1 North America: Housing Stock 42
2 North America: New Housing Units 45
3 United States: Housing Stock 48
4 United States: New Housing Units 51
5 Canada: Housing Stock 54
6 Canada: New Housing Units 57
7 Mexico: Housing Stock 60
8 Mexico: New Housing Units 63

SECTION V -- WESTERN EUROPE

1 Western Europe: Housing Stock 66
2 Western Europe: New Housing Units 68
3 Germany: Housing Stock 71
4 Germany: New Housing Units 73
5 France: Housing Stock 76
6 France: New Housing Units 79
7 United Kingdom: Housing Stock 82
8 United Kingdom: New Housing Units 85
9 Italy: Housing Stock 88
10 Italy: New Housing Units 90
11 Spain: Housing Stock 93
12 Spain: New Housing Units 96
13 Other Western Europe: Housing Stock 99
14 Other Western Europe: New Housing Units 101

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Housing Stock 105
2 Asia/Pacific: New Housing Units 107
3 China: Housing Stock 111
4 China: New Housing Units 114
5 India: Housing Stock 117
6 India: New Housing Units 119
7 Indonesia: Housing Stock 122
8 Indonesia: New Housing Units 124
9 Japan: Housing Stock 127
10 Japan: New Housing Units 129
11 Thailand: Housing Stock 132

12 Thailand: New Housing Units 134
13 South Korea: Housing Stock 137
14 South Korea: New Housing Units 140
15 Australia: Housing Stock 142
16 Australia: New Housing Units 144
17 Taiwan: Housing Stock 147
18 Taiwan: New Housing Units 149
19 Other Asia/Pacific: Housing Stock 152
20 Other Asia/Pacific: New Housing Units 154
21 Other Asia/Pacific: Housing Stock & New Housing Units
by Country 156

SECTION VII -- OTHER REGIONS

1 Central & South America: Housing Stock 160
2 Central & South America: New Housing Units 162
3 Brazil: Housing Stock 165
4 Brazil: New Housing Units 167
5 Argentina: Housing Stock 169
6 Argentina: New Housing Units 172
7 Other Central & South America: Housing Stock 174
8 Other Central & South America: New Housing Units 177
9 Eastern Europe: Housing Stock 180
10 Eastern Europe: New Housing Units 182
11 Russia: Housing Stock 185
12 Russia: New Housing Units 187
13 Poland: Housing Stock 189

14 Poland: New Housing Units 191
15 Other Eastern Europe: Housing Stock 194
16 Other Eastern Europe: New Housing Units 196
17 Africa/Mideast: Housing Stock 199
18 Africa/Mideast: New Housing Units 202
19 Turkey: Housing Stock 205
20 Turkey: New Housing Units 208
21 South Africa: Housing Stock 211
22 South Africa: New Housing Units 213
23 Other Africa/Mideast: Housing Stock 216
24 Other Africa/Mideast: New Housing Units 218
25 Other Africa/Mideast: Housing Stock & New Housing Units
by Country 220

LIST OF CHARTS

SECTION III -- OVERVIEW

1 World Housing Stock by Region, 2012 29
2 World Growth in Households & Housing Stock, 2002-2022 29
3 World Urban Slum Population, 2002-2012 34
4 World New Housing Units by Region, 2017 37

SECTION IV -- NORTH AMERICA

1 North America: Growth in Households & Housing Stock,
2002-2022 43
2 United States: Growth in Households & Housing Stock,
2002-2012 49
3 Canada: Growth in Households & Housing Stock, 2002-2022 55
4 Mexico: Growth in Households & Housing Stock, 2002-2012 61

SECTION V -- WESTERN EUROPE

1 Western Europe: Growth in Households & Housing Stock,
2002-2022 67
2 Germany: Growth in Households & Housing Stock,
2002-2022 72
3 France: Growth in Households & Housing Stock, 2002-2022 77
4 United Kingdom: Growth in Households & Housing Stock
2002-2022 83
5 Italy: Growth in Households & Housing Stock, 2002-2022 89
6 Spain: Growth in Households & Housing Stock, 2002-2022 94
7 Other Western Europe: Growth in Households
& Housing Stock, 2002-2022 100

SECTION VI -- ASIA/PACIFIC

1 Asia/Pacific: Growth in Households & Housing Stock,
2002-2022 106
2 China: Growth in Households & Housing Stock, 2002-2022 112
3 India: Growth in Households & Housing Stock, 2002-2022 118
4 Indonesia: Growth in Households & Housing Stock,
2002-2022 123
5 Japan: Growth in Households & Housing Stock, 2002-2022 128
6 Thailand: Growth in Households & Housing Stock,
2002-2022 133
7 South Korea: Growth in Households & Housing Stock,
2002-2022 138
8 Australia: Growth in Households & Housing Stock,
2002-2022 143
9 Taiwan: Growth in Households & Housing Stock, 2002-2022 148
10 Other Asia/Pacific: Growth in Households & Housing Stock,
2002-2022 153

SECTION VII -- OTHER REGIONS

1 Central & South America: Growth in Households
& Housing Stock, 2002-2022 161
2 Brazil: Growth in Households & Housing Stock, 2002-2022 166
3 Argentina: Growth in Households & Housing Stock,
2002-2022 170
4 Other Central & South America: Growth in Households
& Housing Stock, 2002-2022 175
5 Eastern Europe: Growth in Households & Housing Stock,
2002-2022 181
6 Russia: Growth in Households & Housing Stock, 2002-2022 186
7 Poland: Growth in Households & Housing Stock, 2002-2022 190
8 Other Eastern Europe: Growth in Households
& Housing Stock, 2002-2022 195
9 Africa/Mideast: Growth in Households & Housing Stock,
2002-2022 200
10 Turkey: Growth in Households & Housing Stock, 2002-2022 206
11 South Africa: Growth in Households & Housing Stock,
2002-2022 212
12 Other Africa/Mideast: Growth in Households
& Housing Stock, 2002-2022 217