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Follow on Google News | World Housing forecasts for 2011 & 2016World demand to rise 2.5% annually through 2011
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. China to see biggest increase in value terms Measured in terms of the inflationadjusted value of residential construction, China is forecast to post the largest advances over the forecast period. Real residential construction expenditures in China will expand eight percent per year through 2011. China’s continuing population flows from rural to urban areas will help stimulate increases in new housing construction. Population growth in China over the forecast period will be substantially below the world average, and the annual growth in new housing units will be moderate. With the country’s rising personal income levels, however, purchasers of new housing units will be able to afford larger or better-constructed units than in the past, boosting the average value of the new housing units. New construction to drive 2% yearly gains in housing stock In 2006, the existing global stock of housing was in excess of 1.8 billion units, marginally higher than the number of households. China accounted for more than one-fifth of the total. More than onehalf of the world housing stock was in Latin America, Eastern Europe, the Africa/Mideast region, and developing countries in Asia other than China. Through 2011, new housing construction will help drive two percent annual increases in the housing stock. Of the existing housing, about three-fifths is designed for single-family occupancy. That form of housing is most common in rural areas and in developed countries with lower population densities, such as Canada and the United States. 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. Table of Content Introduction Executive Summary Market Environment World Economic Overview Recent Historical Trends Macroeconomic Outlook World Demographic Overview Population Households World Residential Building Construction Expenditures Legislation & Regulatory Considerations Materials & Technology Trends OvERvIEW Housing Stock by Region Housing Stock by Housing Type Single-Family Multifamily Housing Demand by Region Housing Demand by Housing Type Single-Family Multifamily NORTH amERICa North America United States Canada Mexico WESTERN EuROPE Western Europe Germany France United Kingdom Italy Spain Other Western Europe aSIa/PaCIFIC Asia/Pacific China Japan India Indonesia Australia Thailand South Korea Taiwan Other Asia/Pacific OTHER REGIONS Latin America Brazil Argentina Other Latin America Eastern Europe Russia Poland Other Eastern Europe Africa/Mideast Turkey South Africa Other Africa/Mideast List of Tables & Charts Executive Summary 1 Summary Table Market Environment 1 World Gross Domestic Product by Region 2 World Population by Region 3 World Households by Region 4 World Residential Construction Expenditures by Region Overview 1 World Housing Stock by Region Cht World Housing Stock by Region, 2005 2 World Housing Stock by Type 3 World Housing Starts by Region Cht World Housing Starts by Region, 2005 4 World Housing Starts by Type NORTH America 1-2 North America 3-4 US 5-6 Canada 7-8 Mexico WESTERN EuROPE 1-2 Western Europe 3-4 Germany 5-6 France 7-8 United Kingdom 9-10 Italy 11-12 Spain 13-14 Other Western Europe aSIa/PaCIFIC 1-2 Asia/Pacific 3-4 China 5-6 Japan 7-8 India 9-10 Indonesia 11-12 Australia 13-14 Thailand 15-16 South Korea 17-18 Taiwan 19-20 Other Asia/Pacific OTHER REGIONS 1-2 Latin America 3-4 Brazil 5-6 Argentina 7-8 Other Latin America 9-10 Eastern Europe 11-12 Russia 13-14 Poland 15-16 Other Eastern Europe 17-18 Africa/Mideast 19-20 Turkey 21-22 South Africa 23-24 Other Africa/Mideast For more information Kindly visit: http://www.bharatbook.com/ Website: www.bharatbook.com End
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