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Global demand for new housing to reach 53 million new housing units in 2014

Post Time:Sep 10,2010Classify:Industry NewsView:135

The global recession of 2009 dealt a severe blow to housing markets in much of the world, most noticeably in the industrialized countries.New housing construction dropped so sharply in North America, Western Europe and Japan that those countries are expected to enjoy the fastest growth in housing construction through 2014.Despite the impressive recoveries -- for example, new housing activity in the United States is forecast to increase 24 percent annually -- the level of activity in 2014 will generally remain below that achieved a decade earlier. These and other trends are presented in "World Housing," a new study from The Freedonia Group Inc., a Cleveland-based industry market research firm.

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Source: http://www.glassmagazine.com/news-item/commercial/global-demand-new-housing-reach-53-million-new-housing-units-2014-106742Author:

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