Informations Rapides ·
25 January 2022 · n° 22
In January 2022, the real estate developers’ opinion on the demand for new housing
has slightly deteriorated Quaterly business survey in the real-estate development - January 2022
In January 2022, somewhat fewer real estate developers than in the previous quarter consider the demand for new housing addressed to them to be strong: the corresponding balance has slightly decreased in comparison with October 2021, but remains nevertheless above its long-term average.
In January 2022, somewhat fewer real estate developers than in the previous quarter consider the demand for new housing addressed to them to be strong: the corresponding balance has slightly decreased in comparison with October 2021, but remains nevertheless above its long-term average.
The prospects for housing starts have increased strongly compared to October 2021
In January 2022, many more developers than in October expect a rise in housing starts over the next three months. The corresponding balance of opinion has recovered strongly and exceeds its long-term average. This rise is just as marked for homes for sale as for those to rent.
At the same time, more developers than in October have reported an increase in their unsold dwellings stock. The corresponding balance has returned above its long-term average.
The average price of homes for sale is more often deemed to be on the rise
In January 2022, more real estate developers than in October have reported an increase in the average price of new housing for sale. The corresponding balance has been standing at a very high level since July 2021.
Regarding financing, the opinion of developers on the trend in downpayment brought by applicants for the acquisition of a new dwelling is unchanged. The corresponding balance of opinion stands well above its long-term average. Finally, slightly more developers than in the previous quarter think that the financial means dedicated to purchasing new housing will increase over the next three months. The corresponding balance of opinion has bounced back a little; it has been fluctuating since spring 2021 well above its long-term average.
tableauReal-estate development economic outlook
| Mean* | Apr. 21 | July 21 | Oct. 21 | Jan. 22 | |
|---|---|---|---|---|---|
| New dwelling demand | -9 | 2 | -1 | -2 | -4 |
| Expected housing starts | -7 | -3 | -3 | -7 | 10 |
| - for sale | -15 | -13 | -13 | -18 | 0 |
| - for rent | 1 | 14 | 15 | 13 | 26 |
| Unsold dwelling stock tendency | -26 | -24 | -29 | -30 | -24 |
| Housing average price for sale | 7 | 25 | 44 | 39 | 47 |
| Downpayment | -19 | 1 | 7 | -1 | -1 |
| Financing capacity | -20 | -4 | 9 | -2 | 0 |
- * Mean since July 1991.
- NA : not available
- Source: French business survey on real-estate development - INSEE
tableauNew dwelling demand tendency
| New dwelling demand tendency | |
|---|---|
| 2022-Q1 | -3.8 |
| 2021-Q4 | -1.9 |
| 2021-Q3 | -0.9 |
| 2021-Q2 | 1.7 |
| 2021-Q1 | -15.0 |
| 2020-Q4 | -17.5 |
| 2020-Q3 | -13.2 |
| 2020-Q2 | NaN |
| 2020-Q1 | -4.5 |
| 2019-Q4 | -8.6 |
| 2019-Q3 | -12.0 |
| 2019-Q2 | -19.8 |
| 2019-Q1 | -25.2 |
| 2018-Q4 | -20.1 |
| 2018-Q3 | -15.5 |
| 2018-Q2 | -11.1 |
| 2018-Q1 | -7.0 |
| 2017-Q4 | -4.3 |
| 2017-Q3 | -2.5 |
| 2017-Q2 | -3.6 |
| 2017-Q1 | -1.8 |
| 2016-Q4 | -5.1 |
| 2016-Q3 | -9.7 |
| 2016-Q2 | -11.9 |
| 2016-Q1 | -26.1 |
| 2015-Q4 | -26.0 |
| 2015-Q3 | -28.1 |
| 2015-Q2 | -36.7 |
| 2015-Q1 | -46.0 |
| 2014-Q4 | -51.8 |
| 2014-Q3 | -53.3 |
| 2014-Q2 | -45.7 |
| 2014-Q1 | -44.4 |
| 2013-Q4 | -42.1 |
| 2013-Q3 | -42.8 |
| 2013-Q2 | -47.7 |
| 2013-Q1 | -47.7 |
| 2012-Q4 | -47.7 |
| 2012-Q3 | -42.1 |
| 2012-Q2 | -33.6 |
| 2012-Q1 | -24.6 |
| 2011-Q4 | -22.7 |
| 2011-Q3 | -20.8 |
| 2011-Q2 | -15.1 |
| 2011-Q1 | -10.2 |
| 2010-Q4 | -0.3 |
| 2010-Q3 | -6.5 |
| 2010-Q2 | -8.5 |
| 2010-Q1 | -3.9 |
| 2009-Q4 | -8.6 |
| 2009-Q3 | -10.6 |
| 2009-Q2 | -13.8 |
| 2009-Q1 | -26.7 |
| 2008-Q4 | -33.1 |
| 2008-Q3 | -13.4 |
| 2008-Q2 | -13.7 |
| 2008-Q1 | -7.0 |
| 2007-Q4 | -1.8 |
| 2007-Q3 | 3.1 |
| 2007-Q2 | 1.4 |
| 2007-Q1 | 9.2 |
- Data for the second quarter of 2020 are not available as the survey was canceled in the context of the health crisis.
graphiqueNew dwelling demand tendency
- Data for the second quarter of 2020 are not available as the survey was canceled in the context of the health crisis.
- Source: INSEE.
For further information
A balance of opinion is calculated as the difference between the percentage of “increase” responses and the percentage of “decrease” responses.
The responses to this survey have been collected between 27 December 2021 and 20 January 2022.
Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the “Documentation” tab of this page.
Next issue: 26 April 2022 at 12:00 am
Pour en savoir plus
A balance of opinion is calculated as the difference between the percentage of “increase” responses and the percentage of “decrease” responses.
The responses to this survey have been collected between 27 December 2021 and 20 January 2022.
Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the “Documentation” tab of this page.
Next issue: 26 April 2022 at 12:00 am