Demand for New Housing is Projected to Advance 3% Annually Through 2014
Summary
Rockville, MD, September 24, 2010 --( The global recession of 2009 dealt a severe blow to housing markets in much of the world, most noticeably in the industrialized countries.Central and South America will also record housing stock growth in excess of the world average, with increases of 2.1 percent per year through 2014 to 141 million units.For more information, visit http://www.marketresearch.com/product/display.asp?ProductID=2807392.The global recession of 2009 dealt a severe blow to housing markets in much of the world, most noticeably in the industrialized countries.The most rapid increases in the housing stock will be in the Africa/ Mideast region, states the report, where population growth will be well in excess of the global average.Central and South America will also record housing stock growth in excess of the world average, with increases of 2.1 percent per year through 2014 to 141 million units.