Informations Rapides ·
26 April 2022 · n° 107In April 2022, the real estate developers’ opinion on the demand for new housing has
clearly deteriorated compared to January Quaterly business survey in the real-estate development - April 2022
In April 2022, far more real estate developers than in the previous quarter consider the demand for new housing addressed to them to be low: the corresponding balance has clearly decreased in comparison with January 2022 and has gone below its long-term average.
In April 2022, far more real estate developers than in the previous quarter consider the demand for new housing addressed to them to be low: the corresponding balance has clearly decreased in comparison with January 2022 and has gone below its long-term average.
The prospects for housing starts have decreased strongly compared to January
In April 2022, far fewer developers than in January expect a rise in housing starts over the next three months. The corresponding balance of opinion has gone back strongly but remains slightly above its long-term average. This drop in housing starts concerns the homes for sale and, more markedly, those to rent.
At the same time, slightly more developers than in January have reported an increase in their unsold dwellings stock: the balance related to the change in unsold stocks has withdrawn again and returns below its long-term average.
More real estate developers believe that the average price of homes for sale has increased
In April 2022, more real estate developers than in January have reported an increase in the average price of new housing for sale. The corresponding balance has increased again and stands at its highest level since October 2004.
Regarding financing, developers believe in average that the down payment brought by applicants for the acquisition of a new dwelling has diminished over the last three months. Indeed the corresponding balance of opinion has pulled back, although it stands well above its long-term average. Likewise, less developer 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 folded back again, nevertheless above its long-term average.
tableauReal-estate development economic outlook
Mean* | July 21 | Oct. 21 | Jan. 22 | Apr. 22 | |
---|---|---|---|---|---|
New dwelling demand | -9 | -1 | -2 | -4 | -15 |
Expected housing starts | -7 | -3 | -7 | 5 | -5 |
- for sale | -15 | -13 | -18 | -6 | -12 |
- for rent | 1 | 15 | 13 | 23 | 6 |
Unsold dwelling stock tendency | -26 | -29 | -30 | -26 | -29 |
Housing average price for sale | 7 | 44 | 39 | 49 | 51 |
Downpayment | -19 | 7 | -1 | 0 | -3 |
Financing capacity | -20 | 9 | -2 | 1 | -6 |
- * 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-Q2 | -14.8 |
2022-Q1 | -4.3 |
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
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 28 March 2022 and 21 April 2022.
Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the “Documentation” tab of this page.
Next issue: 26 July 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 28 March 2022 and 21 April 2022.
Additional information (simplified and detailed methodology, nomenclature, etc.) is available on the “Documentation” tab of this page.
Next issue: 26 July 2022 at 12:00 am