Abstract
World demand to rise 2.5% annually through 2011
Global demand for housing is expected to increase about 2.5 percent per annum
through 2011, generating the construction of approximately 60 million new
housing units. The fastest gains will be in the Africa/Mideast region, spurred
by the most rapid increases in population and household formation of any
region. Yet a significant share of the new housing constructed in the
Africa/Mideast will be to satisfy little more than basic needs for shelter,
and the growth in the value of new housing construction will be eclipsed by
that in other parts of the world.
Housing demand to outpace new household formations
Throughout the developing regions, ruralto- urban migration will stimulate
demand for new housing even beyond that required simply by new household
formation. Such internal population flows will test the ability of government
planning agencies to respond to the need for urban housing. As a result, some
of the construction needs will be met by housing of lower than average
quality, often on land to which the dweller has unclear or no legal title.
Study coverage
It presents historic demand data (1996, 2001, 2006) plus forecasts (2011,
2016) for housing stock and demand by world region (e.g., Asia/Pacific, North
America, Western Europe) and major national market. The study also considers
market environment trends and indicators.
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