A new report from the International House of Architecture says the world is poised to grow by as much as 5 million new houses in 2019, with demand set to outpace the pace of growth in many of the most expensive markets.
“This is not an exaggeration,” the report said.
The report, titled “Artesia 2030: The Next Decade of Growth,” says demand for new art and architecture is expected to increase by an average of 17% annually between 2020 and 2030, with the fastest growth in Asia and Africa.
While this growth may not be as rapid as some other countries, it is expected at least in part due to a change in the composition of new homes and a surge in home purchases.
An estimated 3.5 million new homes will be built in 2019 alone, up from 3.3 million in 2020.
The growth is expected mostly to be driven by China and India, where home values have risen and the economy is growing rapidly.
“Artesias demand is likely to accelerate further,” the institute said.
“The potential for new construction will be driven more by the rise in the supply of new art than by the demand for art.
New homes are likely to be built at a rate of about 10 per cent annually.
This increase will be fueled by new art, which will increasingly be available in a wide range of styles, including contemporary, modern and traditional.
As demand for home design continues to increase, new construction should also increase, the report says.
Artesian architecture has been in the news a lot lately.
Last year, the government passed a law requiring all new houses to be manufactured in China, as part of a broader effort to clamp down on the country’s burgeoning home-buying frenzy.
In addition, the city of Shanghai banned the construction of new apartments on public land.
Meanwhile, last year, a U.K. government study found that China was responsible for the largest share of the world-wide increase in the use of construction materials.
Among the most significant findings of the report were that demand for building materials is expected in 2019 to be about 4% greater than in 2019 and to increase more rapidly than demand for homes, both of which are expected to account for about 4.5% of the global housing market.
And there is no question that demand will continue to rise in cities such as Beijing, Shanghai and Hong Kong.
There is no sign that the pace is slowing.
A new report by the International Association of House Builders says demand in the U.S. is forecast to continue to outstrip supply and will exceed supply by about 30% in 2019.
It is expected that demand is forecast by 2020 to be 2% higher than in 2020 and to exceed supply.
That will likely lead to more home construction than is currently planned, and also to a shift in home design from luxury to utilitarian.
Overall, the demand report predicts that global demand for housing will grow by 2.8 million new units in 2019 with the growth rate accelerating over the next two decades.
Forbes estimates the average price of a home in the United States is now more than $1 million.
But the report warns that demand in China and other emerging markets is expected by 2019 to grow at an average rate of 3% annually.