Residential Construction Trends 2022

Construction markets are set to shift in 2022. Residential construction activity has sustained a red-hot pace from mid-2020 through the majority of 2021 while nonresidential construction activity has remained depressed. Heres a quick review of the top trends for 2022. However these market trends are shifting.

Construction Spending Is Projected To Increase By More Than 11 Through 2022 Building Design Construction

2022 Residential CA 779 bil FMI 567 bil CCon 781 bil.

Residential Construction Trends 2022. Freddie Mac predicts that home prices will rise 66 in 2021 slowing down to 44 in 2022 while it expects new and existing home sales to reach 71 million in 2021 and then decline to 67 million homes in 2022. Even with rising mortgage rates and higher prices the housing market should remain strong due to very tight inventories and increasing demand as more millennials are projected to buy houses this. Meanwhile single-family home remodelers had 15 of the market in 2019 and are expected to gain 23 of the share in 2022.

What construction industry trends will 2022 bring. Census Bureau is pleased to announce a new look for our Economic Briefing RoomCheck out the new mobile-friendly format. By 2022 it is predicted to reach 40.

In this webinar we will take a deep dive into the construction industry including single- and multi-family residential market trends regional variations in market performance nonresidential market trends material pricing and supply chain expectations for 2022 and market risks and opportunities. February 01 2019. For each principal economic indicator find a card with a data summary the percent change from the prior month and prior year the date of the most recent release and the next release and links to more information.

Forecast Construction Analytics