Informations Rapides · 27 July 2021 · n° 192

In July 2021, real estate developers’ opinion on demand for new housing is virtually unchanged Quaterly business survey in the real-estate development - July 2021

In July 2021, the opinion of real estate developers on demand for new housing remains positive: the corresponding balance is virtually stable compared to April 2021, above its long-term average.

In July 2021, slightly more developers than in April have expected a rise in housing starts over the next three months. The corresponding balance of opinion has risen and has exceeded more clearly its long-term average. This rise affects both housing for sale and housing for rent.

At the same time, fewer developers than in April have reported an increase in their unsold dwelling stock. The corresponding balance has fallen back and has returned below its long-term average.

In July 2021, many more real estate developers than in April have reported an increase in the housing average price for sale. The corresponding balance has increased for the fourth consecutive quarter and has reached its highest level since April 2006. Regarding financing, more developers than in April have deemed that downpayment to purchase new housing has increased over the last three months. The corresponding balance of opinion has grown again and stands well above its long-term average. Finally, many more developers than in the previous quarter have considered that the financing resources devoted to new home purchases will increase over the next three months. The corresponding balance has increased for the third consecutive quarter and has further exceeded its long-term average.