Informations Rapides · 26 October 2021 · n° 277

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

In October 2021, as many real estate developers as in the previous quarter consider that demand for new housing addressed to them is strong: the corresponding balance of opinion is stable in comparison to July 2021, above its long-term average.

In October 2021, fewer developers than in July have expected a rise in housing starts over the next three months. The corresponding balance of opinion has decreased and has returned to its long-term average. This drop is more marked for housing for sale than for housing for rent.

At the same time, fewer developers than in July have reported an increase in their unsold dwelling stock. The corresponding balance has fallen again, therefore remaining below its long-term average.

In October 2021, slightly fewer real estate developers than in July have reported an increase in the average price of new housing for sale. The corresponding balance has fallen back very slightly, but remains far above its long-term average. Regarding financing, fewer developers than in July have deemed that downpayment to purchase new housing has increased over the last three months. The corresponding balance of opinion has fallen back but remains well above its long-term average. Finally, many fewer 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 sharply decreased and returned to its level of last April, which, however, is well above its long-term average.