Global Residential Construction by Region, Market Trends, Opportunities and Forecast to 2029

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This report provides a detailed analysis of the prospects for the global residential construction sector up to 2029.

Global residential construction is entering a period of steady but uneven growth, shaped by demographic shifts, evolving government policies, and heightened geopolitical uncertainty. Between 2026 and 2029, output is forecast to rise across most regions, with emerging markets’ average annual growth rate (AAGR) of 3.5%, delivering higher relative growth compared with advanced markets’ 2.0% AAGR, which is providing stability and scale.

Scope

An overview of the outlook for the global residential construction sector to 2029.

Analysis of the outlook for the residential construction sector in major global regions: North America, Latin America, Western Europe, Eastern Europe, South Asia, South-East Asia, North-East Asia, Australasia, the Middle East and North Africa, and Sub-Saharan Africa.

Analysis of the latest data on residential construction output trends in key markets.

Reasons to Buy

Evaluate regional residential construction trends from insight on output values and forecast data to 2029.

Identify the fastest growers to enable assessment and targeting of commercial opportunities in the markets best suited to strategic focus.

Identify the drivers in the global residential construction sector and consider growth in emerging and developed economies.

Table of Contents

1 Executive Summary

2 North America

2.1 Overview

2.2 US

2.3 Canada

3 Latin America

3.1 Overview

3.2 Mexico

3.3 Argentina

3.4 Dominican Republic

4 Western Europe

4.1 Overview

4.2 Germany

4.3 France

4.4 Spain

4.5 Ireland

4.6 Netherlands

5 Eastern Europe

5.1 Overview

5.2 Poland

5.3 Bulgaria

5.4 Romania

5.5 Hungary

5.6 Czech Republic

6 Middle East and North Africa

6.1 Overview

6.2 Egypt

6.3 Saudi Arabia

6.4 United Arab Emirates

7 Sub-Saharan Africa

7.1 Overview

7.2 Ethiopia

7.3 Tanzania

7.4 Nigeria

8 South and South-East Asia

8.1 Overview

8.2 India

8.3 Vietnam

8.4 Philippines

9 North-East Asia

9.1 Overview

9.2 China

9.3 South Korea

9.4 Japan

10 Australasia

10.1 Overview

10.2 Australia

10.3 New Zealand

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Table

Table 1: Global Residential Output Growth (Real, % Change), 2022–2029

Table 2: North America Residential Real Output ($ Billion, % Change), 2022–2029

Table 3: Latin America Residential Real Output ($ Billion, % Change), 2022–2029

Table 4: Western Europe Residential Real Output ($ Billion, % Change), 2022–2029

Table 5: Eastern Europe Residential Real Output ($ Billion, % Change), 2022–2029

Table 6: Middle East and North Africa Residential Real Output ($ Billion, % Change), 2022–2029

Table 7: Sub-Saharan Africa Residential Real Output ($ Billion, % Change), 2022–2029

Table 8: Sub-Saharan Africa Residential Real Output ($ Billion, % Change), 2022–2029

Table 9: North-East Asia Residential Real Output ($ Billion, % Change), 2022–2029

Table 10: Australasia Residential Real Output ($ Billion, % Change), 2022–2029

Figures

Figure 1: Global Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 2: Global Residential Market Size by Region (2025) ($ Billion)

Figure 3: Residential Output Performance by Region (2022=100) (2022-2027)

Figure 4: North America Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 5: North America Residential Market Size by Nation (2025) ($ Billions)

Figure 6: North America Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 7: The US, Total Residential Construction Value Put in Place (US$ Million, Non-Seasonally Adjusted)

Figure 8: Canada, Investment on Residential Building Construction (CAD Million, Seasonally Adjusted Terms)

Figure 9: Latin America Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 10: Latin America Residential Market Size by Nation (2025) ($ Billions)

Figure 11: Latin America Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 12: Mexico, Gross Fixed Investment on Residential Buildings, 2018=100

Figure 13: Argentina, Real Estate, Business, and Rental Activities Value-add (ARS Million, 2004 Constant Prices)

Figure 14: Dominican Republic, Index of Direct Costs of Home Construction (2010=100)

Figure 15: Western Europe Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 16: Western Europe Residential Market Size by Nation (2025) ($ Billions)

Figure 17: Western Europe Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 18: Germany, Total Number of Residential Building Permits Approved

Figure 19: France, House Price Index (2015=100)

Figure 20: Spain, Housing Sales (in Number)

Figure 21: Ireland, Total Residential Property Transactions

Figure 22: Netherlands, Total Residential Building Index (2021=100)

Figure 23: Eastern Europe Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 24: Eastern Europe Residential Market Size by Nation (2025) ($ Billions)

Figure 25: Eastern Europe Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 26: Poland, Real Estate Value-add (PLN Million, 2020 Chained Prices)

Figure 27: Bulgaria, Loans for the Real Estate Sector (BGN Million)

Figure 28: Romania, Total Residential Permit

Figure 29: Hungary, Real Estate Value Add (HUF million, average prices of 2021)

Figure 30: The Czech Republic, Total Number of Residential Dwellings Completed (Excluding Extension Work)

Figure 31: Middle East and North Africa Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 32: Middle East and North Africa Residential Market Size by Nation (2025) ($ Billions)

Figure 33: Middle East and North Africa Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 34: Egypt, Real Estate Value-Add (EGP Million, 2021-2022 Constant Prices)

Figure 35: Saudi Arabia, Residential Real Estate Price Index (2023=100)

Figure 36: The UAE, Total Bank Credit to Construction and Real Estates (AED Million)

Figure 37: Sub Saharan Africa Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 38: Sub Saharan Africa Residential Market Size by Nation (2025) ($ Billions)

Figure 39: Sub Saharan Africa Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 40: Ethiopia, Real Estate Value-Add, Constant Prices, ETB Million

Figure 41: Tanzania, Real Estate Value Add (TZS Billion, 2015 Constant Prices)

Figure 42: Nigeria, Construction Value-Add, Current prices, NGN Million

Figure 43: South and South-East Asia Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 44: South and South-East Asia Residential Market Size by Nation (2025) ($ Billions)

Figure 45: South and South-East Asia Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 46: India, Financial, Real Estate, and Professional Services Value-Add (Constant 2011–12 Prices, INR Billion)

Figure 47: Vietnam, Real Estate Business Value Add (2010 Constant Prices, VND Billion)

Figure 48: The Philippines, Approved Residential Building Permits (PHP Billion)

Figure 49: North-East Asia Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 50: North-East Asia Residential Market Size by Nation (2025) ($ Billions)

Figure 51: North-East Asia Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 52: China, Investment in Residential Real Estate Development (CNY Billion)

Figure 53: South Korea, Residential Construction Permits (Total Number)

Figure 54: Japan, Number of New Construction Starts of Dwellings (in Thousands)

Figure 55: Australasia Residential Output (Single/Multi-family) (2022-2029) ($ Billions)

Figure 56: Australasia Residential Market Size by Nation (2025) ($ Billions)

Figure 57: Australasia Fastest Growing Forecasted Residential Markets (2025-2029)

Figure 58: Australia, Total Number of Dwelling Units Approved

Figure 59: New Zealand, Total Value of Residential Building Consents Issued ($ Million)

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