Construction

The outlook from the 101st EUROCONSTRUCT Conference for the European construction sector remains cautiously positive, but growth is forecast to be slower than previously expected.

Positive forecasts for 2025 (+4.1%) and steady moderate growth through 2029 (+4.2%).

In 2025 total U.S. housing starts were 1.34 million, down 1.7% on 2024, while the remodeling sector experienced growth.

After two consecutive years of contraction, Europe’s construction sector is entering a phase of cautious stabilisation.

Falling inflation, EU funding and geopolitical challenges are set to reshape the sector in the coming years.

The country is launching a major new public housing programme called AADL3 with a special care to sustainable construction.

In 2024 the U.S. residential construction decreased for the third consecutive year. Total new home starts were 1.36 million, down 3.9% on 2023. The outlook is negative also for the year 2025.

By 2030, the Indian construction sector is expected to account for 15% of the country’s GDP and employ more than 70 million people.

Euroconstruct estimates a 2.4% decline for the construction activity in Europe in 2024, followed by a slight growth of just +0.6% in 2025.

The luxury real estate market is expected to reach US $1,173 billion (+102%).

During the 97th Euroconstruct conference the new forecasts for the European construction sectors.

The recovery is driven by the Hotel and Living sectors.

In the third quarter of 2023, the construction sector grew by 13.3% on the same period in 2022, while forecasts for the whole 2023 reveal a robust 9.6% real-term expansion.

There are great expectations for Batimatec 2024 in Algiers in May, as the construction industry is benefiting from strong housing demand driven by population growth and rapid urbanisation.

In 2023 the U.S. residential construction decreased for the second consecutive year. 1.41 million new houses were built last year, down 9% on 2022. The outlook is negative also for the year 2024.

Euroconstruct has revised down its 2023 estimates (-1.7%) and 2024 forecasts (-2.1%). The construction sector is expected to resume growth from 2025 onwards.

The sector is grappling with critical issues that will be overcome in 2024 with the economy's gradual recovery and the growth of investment.

Euroconstruct confirms a +3% growth in 2022, while revising downward the new forecast for 2023 (-1.1%) and 2024 (-0.7%).

According to the recent GlobalData report, Algeria’s construction industry in 2023 will be driven by major ongoing projects in the residential, transport and renewable energy infrastructure sectors.

Despite the uncertainties of the current macroeconomic environment, the sector as a whole remains buoyant.